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The probability that Pete will catch fish on a particular day when he goes fishing is .8. Peter is going fishing 3 days. The variance of the number of days Pete will catch fish is
.48
.8
2.4
.16
What is the random variable in this experiment?
Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects,An international U.S. based company sets up a production unit in a developing country with ..
Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.
Illustrate what policy options are available to the government to counter the effect of a sharp fall in real estate values on the economy.
Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure.
Illustrate what are the four supply factors of economics growth. What is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.
Explain the differecnce between fixed-procuction technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
What is the real wage as determined by the price-setting equation and what is the natural rate of unemployment?
Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government-imposed barriers such as patents impact consumers and suppliers in these markets?
Assume that the following table describes prices, incomes, and every person lobster consumption in three U.S. cities.
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following: What type of tax is this. What happens to the supply of cookbooks. What..
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