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A recent study revealed that 60% of employees use their smart phone during work hours for non-work related purposes. Suppose you randomly observe 100 employees and record whether the employee is using their phone for non-work related purposes. Let X denote the number of employees that were using their phones.
Find the probability that you observe exactly 55 employees using their phones for non-work related purposes.
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
?(a) What waiting time represents the 90th ?percentile? ?(b) What waiting time represents the first? quartile?
Illustrate what economic cost will an owner of a family-run business or farm likely overlook when computing their "profits".
Suppose the government subsidizes any business that uses steel in the production process. Also, suppose that a new study proves car exhaust is a major carcinogen. Graph the shift in supply and/or demand. Be sure to label the new equilibrium price and..
What is the Medicaid Notch? Do you think that the Medicaid Notch is a realistic concept?
Assume that a nation’s marginal propensity to consume is 0.9, and that its potential GDP exceeds its actual real GDP by $5000. By how much should that nations government change taxes in order to completely close that GDP gap?
Suppose, Worker 1 has a reservation price of 41 cents; worker 2s reservation price is 42 cents; worker 3s reservation price is 43 cents, and so on. There are 150 jobs in firms without air purification systems, and this number is fixed. Thus, the dema..
Pete and Paul live in an exchange economy (so we can use the Edge worth-box). The economy has endowment of 10 cheese slices and 10 crackers. Pete has distinguished taste, he likes to eat cheese with cracker, to the extent that he considers them perfe..
Recently the government imposed a new requirement that gasoline contain 10% ethanol; the ethanol is made from corn. This new government ethanol mandate has affected the market for cereal made from corn (such as corn flakes and Captain Crunch).
Consider a simultaneous move game between a union and a company. If both the parties bargain hard, each would gain nothing. If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 milli..
The issue of competition over time presents a number of problems for a firm. Based on research for this question and personal experience, what do you believe is the most effective way a firm can compete over time? Your answer should address some of t..
If the SP curve is steep then monetary and fiscal policy will have a ________ effect on inflation and a ________ effect on unemployment.
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