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In a? state's Pick 3 lottery? game, you pay ?$1.421.42 to select a sequence of three digits? (from 0 to? 9), such as 766766. If you select the same sequence of three digits that are?drawn, you win and collect ?$397.99397.99.
How many different selections are possible?
Assume that the marginal propensity to save increases. If the Fed wants to keep the level of output from fluctuating, should it undertake open market purchases or sales? In your answer discuss how the composition of GDP is affected.
Two firm in town sell yarn. Both advertise that they will beat their competitor's price. Why might such a guarantee lead to higher prices?
Supposse the (external) damage done by pollution is known to be MD=300+5q, and the (private) cost and benefit are given by MC=100+2q and MB=D-2q, where D is not known. Suppose that, based on the result from part (a), a tax is imposed to allow the opt..
q1. use the suitable formulas to create 2 new columns for total profit as well as profit margin correspondingly.
Participate in a discussion with your classmates by describing the role international trade plays in your life. Review the “EYE on YOUR LIFE” caption titled “International Trade” on page 235 in the textbook. As a voter, describe your concerns regardi..
Describe the four types of regional trading agreements discussed in class and show how each type creates a greater and greater level of economic integration. Using the European Union as your example, describe the challenges associated with the variou..
Describe a situation in which there is an economic argument for regulation the quantity of pollution reduction in order to achieve reduced pollution levels rather than using a tax.
Explain the national defense, declining industries, and infant industry arguments for protecting a domestic industry form international competition.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop. Use game theory to model and explain his dilemma.
llustrate what is maximum amount it would be worth to shareholders to elicit high CEO effort all time rather than low CEO effort all time.
How much would you be willing to pay for this security if his market interest rate is 6%? Suppose that you have just purchased the security, and suddenly the market interest rate falls to 5%. What is the security worth?
What is the probability that the age of a randomly chosen house in NewAcres is:
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