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Suppose a company rates it employees on a 1-4 scale (with 4 being the highest rating) and the following probability distribution describes the distribution of the ratings:
23% of the employees had a "4"; 23% of the employees had a "3" rating; 29% of the employees had a "2" rating; and the remaining employees recieved a "1" rating.
What is the expected value of the rating of a randomly chosen employee? (please express your answer using 2 decimal places)
Two street racers are playing a simultaneous game of chicken. They have to race towards each other and whoever swerves first is chicken and faces shame, a loss of 8, while the winner enjoys a gain of 3. If neither stop, they would crash into each oth..
De Beers is a monopolist which supplies diamonds with constant marginal cost and constant average total cost. Draw the average cost, marginal cost, demand and marginal revenue curves. Show the price charged by De Beers without price discrimination.
Briefly discuss what measuring inequality involves, and provide two examples for doing so. measuring income inequality means dividing up the population into various groups and then comparing the groups.
Fill in the surplus-shortage column. what is the equilibrium price in this market? what price is there neither a surplus nor a shortage? draw the supply curve and the demand curve and locate the equilibrium price and quality.
Examine the major complexities that would arise under expansion via capital projects in the low-calorie, frozen microwavable food industry. Propose key actions that a company could take in order to prevent or address these complexities.
Draw the Cost effectiveness Frontier - What concept can you attribute this change in treatment choice before and after insurance? Explain.
What happens to the income of a factor of production when it becomes more mobile? Other things being equal, would the income to the owners of this factor rise or fall? Why?
What is the equilibrium income level and rate of interest? Suppose there is an increase in t from .15 to .20 . What will be the change in the equilibrium level of income and interest rate? Suppose there is a decrease in government expenditures (G) fr..
If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.
For depreciation, a salvage value of zero was used. Bonnie wants a 15% after-tax rate of return on her investment.
Consider listing and explaining the three reasons the aggregate-demand curve slopes downward.
Describe the functions of money and consider the U.S. dollar as an example. Although the U.S. dollar has little or no intrinsic value
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