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A company's construction time follows a normal distribution. The mean time to construct a building is 100 days and the standard deviation is 20 days. The construction team will receive a bonus if the job is completed is less than 75 days.
What is the probability that they will receive a bonus?
Explain how natural monopolies cause market failure? How is the deadweight loss associated with this form of market failure measured? What is a typical form of government intervention to correct it? How effective is this type of intervention? Use the..
In this part of your paper, you address elasticity of the company you have selected. Conduct research for your company and prepare an essay that addresses.
Explain the trade-off between stability and low moral hazard that characterizes bank regulation. What was the savings and loan crisis and how is it a case study of general problems in regulating banks?
Suppose that there are two firms (Firm A and Firm B) in the market for frozen rounded articulate condiments (FRAC). Also assume that the market demand for FRAC is given by P= 15-Q where Q is the total quantity in the market from the two firms. Find t..
List four different sources of externalities associated with education service that make it likely that an inefficiently small amount of the service would be provided in competitive equilibrium without gov intervention. Explain why each source you li..
Companies should use investment entry modes whenever possible when "going international" because they offer the greatest control over business operations.
Transportation equipment that was purchased in 2007 for $300,000 must be replaced at the end of 2016. What is the estimated cost of the replacement, based on the following equipment cost index? Index (2007)=236 Index (2016)=281
Assume he takes welfare and does not work. Illustrate what is his reservation wage. He will not lose his welfare if he works.4. Suppose he is working and receives no welfare.
Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
If you produce plastic spoons and one of the products (like petroleum) required to produce those spoons decreases in price, does the market demand for plastic spoons change? Does market demand for competitors with similar items but made from differen..
Firms A and B are the only firms in the market for widgets. Each firm can choose between cooperating and fighting. If both firms choose to cooperate, each gets a profit of 10. If both firms choose to fight, each gets a profit of 5. Suppose firms choo..
Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments.
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