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1) Four members from a 46-person committee are to be selected randomly to serve as chairperson, vice-chairperson, secretary, and treasurer. The first person selected is the? chairperson; the? second, the? vice-chairperson; the? third, the? secretary; and the? fourth, the treasurer. How many different leadership structures are? possible? There are _ possible different leadership structures.
2) A lottery exists where balls numbered 1 to 25 are placed in an urn. To? win, you must match the five balls chosen in the correct order. How many possible outcomes are there for this? game? The number of possible outcomes is _?(Simplify your? answer.)
3) How many different simple random samples of size 4 can be obtained from a population whose size is 49? The number of simple random samples which can be obtained is _
devise at least two arguments that support the position that partisan legislative politics creates good policy outcomes for America, In developing your response, be sure to use at least (2) two examples to support your arguments.
q1. illustrate what are the basic steps in solving for walras equilibrium with two consumers and two commodities given
Cost Minimization for Cobb-Douglas. Suppose the Acme Gumball Company has the production function of q=LK. Given that the MPL=K, MPK=L and MRT S=MPL/MPK. Part a-b, we are analyzing the impact of output on input choices. Suppose wage rate is w= $5 and ..
Therefore economic growth must have been very high in 2014. Do you agree with that statement? Explain.
According to authors Nash, Pretty and Stehouwer in "Let's Win One for the Gipper," which of the following were successes attributed to Ronald Reagan's presidency? Real growth in GDP increased 31 percent. American labor productivity increased 10.6 per..
Calculate the total amount this patient would owe if the bill for their services is $1,800.
What sort of relationship would you expect to see between the price of bonds and the interest rate?
Norton and Ralph have a utility possibility frontier that is given by the following equation, UR + (UN)^2 = 100. (a) Plot the utilities possibilities frontier on a graph with UR on the vertical axis and UN on the horizontal axis. (b) Derive an equati..
The supply and demand for 15 pound turkeys at one grocery store is as follows:
Explain why if there is no formal or informal collusion in an oligopoly market firms are more likely to match a price cut by an individual firm than they are to match a price increase? If firms in an oligopoly do indeed behave in this way (matching..
The marginal damages(costs) associated with that function are MD=2Q+2. Sketch a graph what the marginal benefits and marginal damage curves.
George bought a car for $26,500. He made a down-payment of $4,500 and financed the rest on a 5-year term with a monthly payment of $575. What is the interest rate per month for the loan? What is the nominal interest per year? What is the effective in..
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