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A highway rest area contains a vending machine that dispenses cups of coffee. The amount of coffee that the machine provides when a purchase is made approximately follows a uniform distribution between 200 and 250 ml.
(a) The probability that a randomly selected cup will contain more than 216 ml is .
(b) The probability that a randomly selected cup will contain between 209 and 237 ml is .
(c) 12 percent of cups will contain more than ml.
Choose a lab in your school or firm, and estimate the cash flows to build and operate it. Summarize the results with a short report and a cash flow diagram.
Explain why any point on an economy’s PPF must be associated with a point on the production efficiency locus in the Edgeworth box diagram.
Identify a PLC company that uses strategic management - this company may be prosperous, booming, in decline, or in economic difficulties.
At the end of 2012 the prestigious Rolex watch manufacturer had in inventory of watches worth $725 dollars. In 2013, Rolex produced $333 worth of watches and sold $260. What was the change in inventories in 2013? (Hint: careful with the signs, rememb..
Which of the following is NOT a possible way for a price-fixing scheme on potatoes to fall apart? Which of the following determine an individual's wage? In 2011, Google introduced its social networking site, Google+. Even though Google+ is cleaner an..
At the end of 10 years, Alt. B is not replaced. Thus, the comparison is 15 years of A versus 10 years of B. If the MARR is 10%, which alternative should
From the diagram what is the profit maximizing output of the monopolist? Why? From the diagram what is the price that the monopolist charges on each unit she sells. Briefly explain. Compute the Monopolist's profit?
What role do early adopters play in creating a guiding coalition? Why is it a good idea to focus your leadership attention on these people? Why might this approach work? What may be some unintended consequences?
Please explain in three well-structured paragraphs the basic principles of the New Keynesian Economics and how it addresses perceived limitations to classic Keynesian theory.
what is the payoff in the first period for Firm 2 if. instead of cooperating, it maximizes its single period profits? Will Firm 2 choose to cooperate in the repeated Cournot game?
Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in the dog-grooming service market. JL Groomers experiences normal cost curves, with the marginal cost (MC) curve crossing ave..
The current price for a good is $20, and 90 units are demanded at that price. The price elasticity of demand for the good is -1. When the price of the good drops by 10 percent to $18, consumer surplus (increases, decreases by $___.
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