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A tanker collided with a tugboat and spilled 9000 gallons of diesel fuel into the Mississippi River at 1:30 a.m. on July 23, 2008, near the mouth of the river in New Orleans, Louisiana.As a result, residents of communities such as Algiers, Gretna, and the Plaquemines parish living downstream of the river were asked to conserve water, as water intakes to these communities were closed to prevent contamination of the drinking water supply. Consider the most soluble component of diesel (conduct a literature survey) and determine how fast it will move with the water to the nearest community down river. You will have to obtain the relevant flow parameters from the USGS website
Verify that this lottery has the same expected value but a smaller variance than the lottery with a single coin flip. (Hint: The probability that two fair coins both come up heads is 0.25, and the probability that two fair coins both come up tails..
State what is its distribution under the null and why and explain the conditions under which you would reject H0
How has it changed, or has it remained the same?
Jill earns more than Bob and she came by her income fairly and honestly. Which of the following political philosophies would argue against the redistribution of income from Jill to Bob?
The utility estimates that by switching to gas, it will save $22,000 per year, starting 3 years from now. At an interest rate of 8% per year, determine the present worth in year 0 of the projected savings that will occur in years 3 to 10.
A local video store estimates their average customer's demand per year is Q = 7 -2P, and knows the marginal cost of each rental is $0.5. How much should the store charge for each rental if it engages in optimal two part pricing
Economists refer to consumer satisfaction as utility and use "utils" to measure consumer utility. Jill enjoys cookies and milk as a snack. Below is a table showing Jill's utility from consuming cookies and milk: Total Utility (Utils) 0, 1, 2, 3, 4..
The benefits of specialization are intended to have a positive impact on the optimal method of procuring an input. The effect of specialization will lead to procurement of best quality inputs at the most cost effective possible way. Thus, benefits..
What are the causes of extreme poverty, and what policies have been most effective for improving the lives of the poorest of the poor ? . Under what conditions can cities act as engines of economic transformation?
Suppose an economy with a constant labor force of 85 millionworkers is in steady-state unemployment. The finding rate is 50%per month and 2.5 million workers lose their jobs every month. Whatis the natural (long-run) rate of unemployment
The economic analysis division of Mapco Industries has estimated the demand function for its lone of weed trimmers to be : Qd=18,000+0.4N-350Pm+90Ps where N=number of new homes completed in the primary market area Pm=price of the mapco trimmer.
Suppse a consumer utility derived from consuming banana is described by the function U=10X+3X^2-(1/3)X^3. Compute marginal utility. a. Make a table showing total and marginal utility for X from 0 to 7 units. b. Would this individual ever choose to c..
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