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Empirical evidence shows that the normal resting adult body temperature is normally distributed with a mean of 98.2 degrees fahrenheit and a standard deviation of 0.7 degrees fahrenheit. What is the probability that a randomly selected adult has a normal resting body temperature between 98 and 99 degrees fahrenheit.
firms marginal cost curve crosses marginal revenue curve at an output level of 1,000 unit. What is firms current profit. What is likely to occur in this market and why.
Discuss at least to ways your firm can reduce the risks of locating a manufacturing operation in a foreign country. One hundred words cite work.
A firm uses third-degree price discrimination to sell the same cologne under two different labels. The price elasticity of demand for `High Class' is -1.25. The price elasticity of demand for `Splash-This-Stuff-On' is -2. Which one of the following s..
At the moment the market is completely ignoring things like record U.S. trade deficits and the widening curent account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. In what way is monetary easing in Germany releva..
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production. It has found that, for its two inputs K and L, it has the following marginal products: MP_K = 12 units and MP_L = 20 un..
Is it an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month?
Owing to the rising cost of copper, in 1982 the U.S. Mint changed the composition of pennies from 95% copper (and 5% zinc) to 2.5% copper (and 97.5% zinc) to save money. If it cost the U.S. Mint $0,017 to produce a penny in 2012, is it time to elimin..
A $1 increase in government spending on goods and services will have a greater impact on the equilibrium GDP than will a $1 decline in taxes because:
What is the current unemployment rate? What is the current unemployment rate for women? What is the current unemployment rate for men? What is the current unemployment rate for high school graduates with no college degree? What is the labor for parti..
If an individual’s labor supply curve is backward bending then leisure is an inferior good (i.e., a backward bending supply curve means downward sloping for some values of the wage).
Would you expect expansionary fiscal policy to make interest rates in the economy higher, lower or unchanged? Sketch a diagram of the market for borrowing and lending in the economy to illustrate your answer. How will the affect on interest rates tha..
An investment currently costs $30,000 if the current inflation rate is 3% and the effective annual return on investment is 8%. Approximately how long will it take the future value to reach $45,000?
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