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The probability that a married man watches a certain television show is 0.4 and the probability that a married woman watches the show is 0.5. The probability that a man watches the show, given that his wife does, is 0.7. Find the probability that
(a) a married couple watches the show;
(b) a wife watches the show given that her husband does;
(c) at least 1 person of a married couple will watch the show.
Under what conditions are cournot and bertrand equilibria the same? You may assume the market demand is p = a ? bQ. Consider when firms are identical and different. If not, please explain why.
What is the difference between short run and medium run in macroeconomics.
Sandy and Bob's Manager wants to forecast the number of sales that will require fulfillment in the next five months.
a. Determine the cost to the government of buying firms' unsold units. b. Compute the lost social welfare (deadweight loss) that stemsfrom the $40 price floor.
Mid-America Shipping is considering purchasing a new barge for use on its Ohio River routes.
This question focuses on an oligopoly and its reliance on economies of scale.
What is the duopoly Cournot equilibrium - that is, the quantities produced by each firm - if the market demand function is q(p) = 1000 - 1000p, and each firm has a cost of $0.28 per unit?
Compute Opulenzas current account. Is CA a deficit or a surplus. Explain intuition for C4 deficit/ surplus in terms of savings in Opulenza, financial flows and its domestic/external wealth position.
Consider a 30 year $10,000 (risk-free) bond with annual coupon rate of 4.25%. What is the annual coupon payment? If the yield to maturity on the bond is 4%, what must be the market price for the bond? Is the bond selling at a discount of (below) or ..
What is the important difference between the current account and the capital account, given that the sum of the two values must equal 0?
In the long-run equilibrium of a perfectly competitive market, briefly explain why:
Yet medicines with brand names that the man recognizes from TV commercials sell for more than the unadvertised versions. Elucidate in economic terms, this perplexing situation to the father.
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