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Suppose that the life length of a component is normally distributed with standard deviation equal to 10 (days). If the component has a reliability of 0.99 for an operation period of 100 (days), what should its expected life length be?
Explain why China has in recent years been manipulating its exchange rate relative to the dollar, and how it effects this currency manipulation
In equilibrium, approx what is the firm's total cost and total revenue. Illustrate what is the firm's economic profit or loss in equilibrium.
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
Elucidate what is an economic system in which economic decisions are controlled by the internal interaction of suppy and demand.
By using calculus show that the production function exhibits diminishing returns to labor.
Assume that the annual rate of inflation (compounded annually) is 2%. Assume that the market annual interest rate (compounded annually) is 3%. What is the real (i.e. “inflation-free”) annual interest rate (compounded annually)?
Suppose a firm’s production function is given by the following equation: Q = min(5K, 10L). If the firm is using 4 units of capital and 3 units of labor, how much output are they producing? Is this firm operating efficiently?
Suppose you are a manager of a watch making firm in a competitive market. Your cost of production is given by C=200+2Q2 where Q is the level of output and C is the total cost.
Suppose there is a $200 billion recessionary gap. If there are no taxes or imports to restore the economy back to potential GDP how much should government expenditure be changed if the marginal propensity to consume is 0.75? Does government expenditu..
Elucidate in which country is an expansionary monetary policy likely to have a larger effect on aggregate output. Explain your answer using aggregate supply and aggregate demand curves.
What would happen if the government chooses to increase the number of years that a firm can enjoy patent protection from 20 years to 25 years?
Determine point price elasticity of demand at P= $3.00. Illustrate what would be new point price elasticity if price were raised to P= $4.50.
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