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The market for wheat is perfectly competitive. Draw a diagram to show the firm and the market in long run equilibrium. If the demand for wheat increases what will be the short run and long run effects on the individual firm and the industry. Show the effect in your diagram
The company orders 25 light bulbs. What is the chance that three or less bulbs have malfunctioned?
If the savings account paid 6% interest, compounded monthly, what was the future worth of his savings immediately after the last deposit?
Median length of stay was 1.1 days shorter when a hospitalist cared for a Medicare patient. Median cost per case was $853 less (excluding physician fees). There were no significant differences in mortality, 30-day readmissions, or transfers. Hospital..
Explain why policies designed to reduce urban unemployment may not greatly reduce poverty in developing countries.
Based on your calculations in question 1, indicate whether the price elasticity of demand is elastic, inelastic or unit elastic for each time period given in Table 1. What factors might explain the price elasticity of demand for private car travel on..
A monopolist serving two consumers groups with demand curves PS = 12−QS and PW = 10−QW faces a constant marginal and average variable cost of $2 and considers a variety of two-part tariffs. The monopolist faces no fixed costs. Note that this pricing..
A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currency the natives use are not U.S. dollars; they use a currency called a f..
Suppose a farmer (A) faces the payoff matrix below to describe the income she would derive from her choice of pesticide use relative to the choices of other farmers. The reason for this payoff matrix is the development of pesticide resistance due to ..
A monopolist faces a demand curve given by: P = 210 - 5Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $60. There are no fixed costs of production. What is the deadwei..
Do these data support the null hypothesis that there is no association between time of screening and diagnosis?
Suppose you have an asset with the following cash flow and that you face a MARR of 5%. If your client asks for the "levelized cost" what number do you give them?
An HR manager comes with an matter symptomatic of an underlying problem. He says which levels of employee motivation in his organization are dropping leading to drop in employee productivity.
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