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Let X and Y be two random variables with given joint PMF, and let g and h be two functions of X and Y, respectively. Show that if X and Y are independent, then the same is true for the random variables g{X) and h{Y).
Transportation costs per 1000 units 800 1,100 950 Which location would minimize the total costs, given an annual production of 50,000 unit for what levels of manufacture and distribution would each ..
If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above
If the economy is at point C, what is the cost of one more automobile Of one more forklift Please explain where you get the numbers from to solve for each Explain how the production possibilities curve reflects the law of increasing opportunity cos..
2-you find $1000 worth of old coins while you are mountain climbing in Colorado.You promptly deposit the coins in your Checking account. if the reserve requirement is 10%, how much money did you ultimately create
Calculate the annual total cost of ownership. Which car do you prefer to buy if DN alternative does not exist? Find the value of x (x being the miles driven for each car per year), so that the total ownership costs are the same.
Is the theoretically predicted relationship of the real exchange rate and net exports visible in the figures?
The accounting and marketing departments have provided you with the following information about the per-unit costs and demand for Type A bolts: Materials and labor are obtained in a competitive market on an as-needed basis
There is a big gap in the earnings of married women and married men, even if individuals of both sex have the same level of education.
If the price of milk increases by 10% and the quantity demanded decreases by 15%: a) Calculate the price elasticity of demand for milk b) Is demand elastic or inelastic in this range
Today's mainstream economists speak of "rational economic man" as the fundamental character of people, immutable across time and space, and the foundation of economic activity. Key characteristics of "rational economic man" are atomism, egoism, a..
Assume the following values for figure 5.4a and 5.4b. Q1=20 bags. Q2=15 bags. Q3=27 bags. The markets equilibrium price is $45 per bag. The prices at a is $85 per bag. The price at c is $5 per bag.
Suppose we have two countries, the United States and Mexico, and one good-computers. Assume the following for each country: United States: Qd = 5000 - P and Qs = 2P - 1000 Mexico: Qd = 5000 - 2P and Qs = P - 2000
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