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Question
Suppose that 65% of elderly South African women receive the Old Persons Grant. If an elderly South African woman receives the Old Persons Grant, the probability is 0.8 that she resides in a rural area; if an elderly South African woman does not receive the Old Persons Grant, the probability is 0.4 that she resides in a rural area. Use Bayes' rule to find the probability that an elderly South African woman receives the Old Persons Grant, if she resides in a rural area.
(a) Draw a cash flow diagram for this loan and calculate the interest rate. (b) Prepare a one-page presentation to describe this to the class.
From your personal experience, discuss a situation you have faced that would require one of the six elements of moral judgment. Identify the element of moral judgment you chose and justify your response.
Why is he disappointed that the winning contractor provides less than the desired level of services?
How can behavioral economics be used for as a student? How can it be apply and use behavioral economics if were a small business owner?
How does "marginal economics" factor into these changes? What are the motivations of the different suppliers as prices change?
What are the sources of scale economies in the industry? Were there any other synergies accruing from the merger of Citibank and Travellers?
On a single graph draw marginal cost curve, average total cost curve and average variable cost curve for a typical firm. Explain how area that represents profit or loss this firm will earn.
The product will be discontinued at the end of Year 6. If the firm's interest rate is 10%, calculate the PW of the revenue stream.
Find out the equation for the linear supply curve which fits this information. What would the new equilibrium price and quantity be if supply were to increase by 20%.
You randomly select six women and ask each if she considers herself a fan of professional baseball.
Assume the average worker has 100 hours of leisure and could earn $10 an hour. Suppose the social security disability insurance (DI) program was structured so that otherwise eligible recipients lost their entire disability benefit if they had any lab..
if the Fed will increase or decrease the money supply, and 4) what open market operations will the Fed conduct.
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