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Suppose that A1 is independent of A3 and also that A2 is independent of A3. Can you prove or give a counterexample that A1 ∪ A2 is independent of A3?
Do you favor paying college athletes salaries determined by a competitive labor market rather than a NCAA agreement?
Consider the decision-making of farmers in a poor rainfed agricultural area of India. Suppose that there are two possible outcomes at the end of each growing season depending on the amount of rainfall: the good outcome generates revenue of $100, the ..
Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. The United States has 30 workers and..
When consumer is provided a $50 gift certificate that is good only at store X, she moves to a new equilibrium at point D. Prices of goods X and Y. Explain how many units of product Y could be purchased at point A.
Specifically address which of the three rules of thumb for model building this model has the biggest problem with. Then explain.
In a town of 120,000 potential "football fans," the football team draws the following attendees per game, at the various prices shown: If the team can charge ANY prices it wants (including different prices to men and women), what price(s) should it c..
Hotel costs are $100 per night. Compare the economics with reasonable assumptions for meal expenses. What irreducible may dominate the decision?
On June 14, 2011, the Delaware Senate approved a gun buyback program. The yearlong program would authorize the state to pay $100 for every gun turned over to police. What sort of guns should Delaware officials expect to get if this plan becomes law?
What are the numerical values of these control limits for x? (Round to three decimal places.)
Suppose two types of students, those from rural areas and those from urban areas, apply to college. There are only two types of performances, excellent and poor. It has been found that a higher percentage of urban students perform poorly than rural s..
A profitable company making earthmoving equipment is considering an investment of $150,000 on equipment that will have a 5 year useful life and a $50,000 salvage value. Use a spreadsheet function to compute the MACRS depreciation schedule.
What alternatives are available to the auditors? Use the AICPA Code of Professional Conduct and Josephson Six Pillars of Character to evaluate the ethics of the alternative courses of action
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