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A manufacturer of cereal has a machine that, when working properly, puts 20 ounces of cereal on average into a box with a standard deviation of 1 ounce. Every morning workers weigh 25 filled boxes. If the average weight is off by more than 1% from the desired 20 ounces per box, company policy requires them to re-calibrate the machine. In a sample of 100 days where the machine is working properly all day on how many the days is it expected the machine will be re-calibrated. Show Work.
Percentage of underweight children number of countries
Depreciation in the value of the Japanese currency in relation to the US dollar does not allow the Japanese firms to sell more in the USA marketplace.
How can the three basic assumptions of human behavior ( people are rational, people respond to incenititives and optimal decisions are made on the margin) be called the backbone of supply and demand?
Suppose the economy is initially in equilibrium at an output level of 100 and price level of 100. The fed then manages to shift aggregate demand rightward by 20.
A nightclub manager realizes that demand for drinks is more elastic among students, and is trying to determine the optimal pricing schedule. The two age groups visit the nightclub in equal numbers on average. Assume that drinks cost the nightclub $2 ..
List all possible factors to influence the money multiplier when the economy faced the financial crisis. The money multipliers were changed before and after financial crisis. Explain the FED’s monetary policies to increase the money supply in the Gre..
Over the past several years, the predictions of the Philips Curve haven’t exactly panned out. Now, with the expectation of meaningful expansionary fiscal policy on our horizon, and starting from near full employment, the predictions of the Philips Cu..
A producer’s production function is q=6K^(1/3)L^(1/2). The market price for the firm’s output is p, the cost of capital is $4 per unit used and the cost of labor is $3 per unit. Write an equation for the firm’s long-run profit. Find the factor demand..
The property in that area is rapidly appreciating in value because people anxious to get away from urban developments are bidding up the prices.
Suppose the economy is experiencing a recession and high unemployment. What would be the interpretation of how an expansionary monetary policy would address this problem?
Monopoly, monopolistic competition, pure competition, oligopoly. Give examples of these things also how do they impact markets, firms and you, as a consumer and/or as a business person.
Chris’s Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $380 million. The income statement shows that net income is $355 million and depreciation expense is $48 million. Calculate the end-of-year balance for..
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