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The probability that a person has a certain disease is 0.04. Medical diagnostic tests are available to determine whether the person actually has the disease. If the disease is actually? present, the probability that the medical diagnostic test will give a positive result? (indicating that the disease is? present) is 0.90. If the disease is not actually? present, the probability of a positive test result? (indicating that the disease is? present) is 0.03.
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
A company is considering a new bottle-capping machine. The initial cost of the machine is 300,000 SR and it has a 20 year life. Yearly maintenance cost is estimated to be 15000 per year. The machine required a major overhaul costing 50000 at the end ..
The equilibrium rate of interest as determined in the loanable funds theory of interest will fall if:
If your average pre-retirement earnings were $30,000 per year, your highest preretirement earnings achieved was $90,000 per year and you receive $20,000 per year in retirement benefits, what is the replacement rate?
Given the costs of production and market-structure characteristics, analyze how the dem functions under (a) perfect completion and (b) imperfect competition. They will each drive a different approach for maximizing profit and allocation of resources.
Identify a country that could be considered an outlier to the predictions of the Gravity Model of international trade. Give explanations for why the country does not closely conform with the Gravity Model of Trade.
Present the arguments for free trade and the arguments for protection of the US domestic steel industry. Analyze and evaluate the arguments. What policy should we follow in the steel industry and why?
You are working at an investment firm that has many investments in Lithuania. You have been asked to do a simple simulation showing the potential effects of Lithuania building a high-speed rail network, and what will happen if there is worldwide pres..
A monopoly firm enjoys a great deal of market power. Is the government right in intervening in free markets to limit monopolies? Explain.
determine whether either or both of the mergers should be allowed. Write up you analysis as a recommendation to the Federal Reserve Board, which will use your analysis to make a decision. Be sure that your answer includes the numerical considerati..
Choose one emerging trend in customer service and discuss how it is impacting the relationships between companies and customers.
Monthly payments will be made until all the principal and interest have been repaid. What is your monthly? payment? If you must pay two points up? front, meaning that you get only ?$9,800 from the? bank, what is your true APR on the? loan?
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