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A mixture of three water samples will test positive for a contaminant if at least one of the samples contains it. If the contaminant is present in 7% of samples, find the probability that:
1. The mixture tests positive: __________
2. The mixture tests negative: _________
You may assume for the following questions that the distribution of weight gain is normal.
Suppose that in an economy, net taxes and governemnt spending are independent of income. It is determined that when government spending falls by $200 billion income falls by $800 billion. What is the MPS? What is the MPC?
A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to explain why domestic firms request that tariffs be imposed. Who gains and who loses due to the tariff? (Consider both the domestic and the foreign country in your ..
Government-imposed price floors may increase the price, but they also typically lead to:
To pay for college you took out 1000 gov loan that makes you pay $126 per year for 25 years. However, you don’t make payments till graduation which is two years from now. Why is the YTM necessarily less than 12% (this is the yield to maturity on a no..
“When countries specialize, total world output increases, and therefore, the potential for greater total world consumption also increases”. Do you agree or disagree with this statement? Explain and give examples.
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
Why is off shoring inevitable in some jobs? What jobs are in danger? What jobs are insulated or protected from outsourcing? What can you do to protect your job from being outsourced?
The average total cost of a monopolistic firm is AT C = 80/Q + 20Q. The firm is facing the demand function given by P = 6000 − 20Q. a) What will be the total profit that this firm will generate if it chooses price and quantity optimally?(Profit=22492..
As a result of an increase on sales tax, the new equilibrium price rises by 30%. What is the percentage change in quantity demanded of cigar?
Corporations argue that corporate welfare is motivated by sound economics. Critics of large corporations see the policy as unfair public support of those who need it least. What do you think? Why do you think corporate welfare has continued at the sa..
A sample of 16 items for the second population showed a mean of 94 and a standard deviation of 8. Use the .05 significant level.
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