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The department in which you work in your company has 24 employees: 10 women and 14 men. A team of 4 employees must be selected to represent the department at a companywide meeting in the headquarters of the company. The team must have two women and two men. How many different teams of 4 can be selected?
describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic.
It is a hot day also Bert is thirsty. Here is value he places on a bottle of water.
Which of the following demonstrates a scenario with no opportunity cost?
Consider an event which has a probability of occurring to any individual = 0.01 once each year, and never occurs twice in a year.. If this event occurs, it costs the person $100,000.
What is statistical inference? What is the difference between and sample and a population? Which one is the basis of statistical inference?
"The theory of comparative advantage (and the associated projected economic gains from free trade) is a well-known economic theory, but what happens in the real world is closer to the opposite. If, as the result of free trade, some American workers l..
The average annual cost of automobile insurance is $687. Use this value as the population mean and assume that the population standard deviation is $230. Consider a sample of 121 automobile insurance policies. What is the probability that the sample ..
Using TP=Q=f(K,L) show mathematically that the average product of labor curve intersects the maximum point of the average product of labor curve. Demonstrate mathematically that the maximum point of the average product of labor curve falls on the dow..
Calculate the total change in the money supply available in the banking system if the reserve ratio decreases to 8%. Explain how money multipliers work.
A college economics lecture in a classroom is
Now connect this portfolio shock to the quantity theory of money in percent change form. In particular, given the increase in money demand due to the portfolio.
Explain how globalization in pharmaceuticals occurred with respect to both distribution of medicines in new markets as well as shifting of research and development as well as the manufacturing to lower cost markets.
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