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Q. To keep gasoline expenses, Edith as well as Mathew agreed to carpool jointly for traveling to as well as from work. Edith preferred to travel on I-20 highway as it was frequently the fastest, taking 25 minutes in absence of traffic delays. Mathew pointed out that traffic jams on the highway can lead to long delays building the trip 45 minutes. He preferred to travel along Shea Boulevard, that was longer about 35 minutes, whereas rarely had traffic jams. Edith decided that in case of traffic jams, Shea Boulevard was a sensible alternative. None of them identify the state of the highway ahead of time. After driving to work on the I-20 highway for 1 month (20 workdays), they establish the highway to be jammed 3 times. Assuming that this month is a good demonstration of all months ahead, should Edith as well as Mathew prolong to use the highway for traveling to work?
Explain how would you conclusion vary for winter months, if bad weather formulate it likely for traffic jams on the highway to increase to 6 days per month?
How would your conclusion vary if Mathew purchased a new smart-phone app that could show the status of the highway traffic prior to their drive each morning, thus reducing the probability of them getting into a jam down to only 1day for every month?
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
Elucidate how do the GDP per capitals change after accounting for price indices.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front.
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
Elucidate the value of a trucker's life disguised by compensating discrepancy among the two firms.
If today's production of capital goods exceeds the depreciation of capital.
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