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In a large university, 68% of students live in dormitories. A random sample of 14 students is selected.
What is the probability that the sample contains more than five students who do not live in the dormitories?
Consider a person who can work up to 80 hours each week at a pre-tax wage of $20 per hour but faces a constant 25% payroll tax. Under these conditions, the worker maximizes her utility by choosing to work 40 hours each week. On a single graph, draw ..
Determine the minimum average cost of the firm with these different order sizes.
When an increase in aggregate demand exceeds the increase in aggregate supply,
The Encomienda system was?
q.when milton friedman and anna schwartz in a book titled a monetary history of the united states 1867-1960 uncovered
Choose a firm that sells their products through more than one channel of distribution. Identify the firm and products you have selected to discuss. There are many ways a firm could distribute its products. Different kinds of firms approach the manage..
If combination of rational expectation and perfectly competitive markets , a decrease in aggreage demand will lead to? A. A small decrease in real GDP B. No change in real GDP C.
You are the marketing manager for xyz Corp.You have this regression result for your product: Q=2000-3.5P+1.2*1 Right now your price is 10 and the average income of your customers is $30,000. Compute income elasticy. Is your good a normal good or an i..
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
Assume that someone has inherited 2,000 bottles of wine from a rich uncle. He or she intends to drink these bottles over the next 40 years. Suppose that this person’s utility function for wine is given by u(c(t)) = (c(t))0.5, where c(t) is each insta..
Why are Average Cost Curves U-shaped? Illustrate what is Law of Diminishing Returns. Discuss a company's two short run options.
Mary has borrowed $125,000 at 8% from her parents. She is asking Kevin for $75,000 to start her own business. Kevin requires that the business make a 12% rate of return. What is Mary's before-tax cost of capital?
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