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Suppose that most people will not speed if the expected ne is greater than $200. Given current police practices, the probability of being caught speeding is 20%.a. How high must the actual ne for speeding (what you have to pay if you get a ticket) be to deter mostpeople from speeding?b. Suppose the Lexington mayor caps the amount police can ne speeding motorists at $500. The police vow to step up enforcement in order to cintinue to deter speeding. How high must the probability of being caught speeding be in order to deter most people from speeding?
Over the past recent months it has been selling its widgets for $100 each and unit sales have averaged 5,000 units per month.
Find information on GDP and its components and calculate the percentage of GDP for the following components for 1950, 1980 and 2005:
The stronger the US dollar is relative to the rest of the world, all else constant, the larger the net exports in the US and Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
You are a pharmacist in a small town. Explain how can you use this information to your advantage.
Given that this is a training manual to sensitize employees, how will this affect any practices at the company.
Sun City, Arizona, a retirement community that features full service living arrangements, is planning two proposals to provide lawn care to elderly residents.
Determine the top 5-exports and imports from Japan and what is the computation of last month's United States trade surplus, deficit, or balance with Japan?
The ad shows that Alka-Seltzer Plus fights cough, body aches, runny nose, sneezing and fever, just like Vicks NyQuil does, but it also now can fight congestion, unlike NyQuil.
Assume a monopolist faces the market demand function P=a-bQ. Its marginal cost is given by MC = c+ eQ. Suppose that a > c and 2b + e > O.
Describe the current status of Real GDP and unemployment rate and inflation rate.
Suppose the following data about the demand for goods and services. All variables are in billions of dollars. Suppose that potential level of output is $12,000 billion. Use the above data to calculate the size of the output gap?
Illustrate each of the following events using a demand and supply diagram for bananas.
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