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A production system has two spares of a critical component that have average uptime 1/lamba = 1 month. Find the probability that the 3 components (the operating one and the two spares) will last more than 6 months. Assume that the component lifetimes are exponentially distributed.
2. consider toms labor supply decision. tom can earn 15 per hour but he faces a 20 tax rate and pays 4 per hour in
When the Fed sells government securities:
The West Oak Park community decided to build a playground with a fair market value of $350,000. The assessment rate is 40% and the property tax rate is 7.5%. Find the property tax due for 2013.
There is resistance to exchange rate fluctuations because changes int he value of a currency are likely to cause all of hte following except.
What is the present value of the following series of prospective payments?
As the drivers of globalization continue to pressure both the globalization of markets and the globalization of production, we continue to see the impact of greater globalization on worldwide trade patterns. HSBC, a large global bank, analyzes these ..
Which of the following is a conclusion of using the generational accounting measure?
Discuss binding price ceiling and binding price floor with an example. Your answers must company two diagrams, one for each.
Suppose a permit case like in textbook with m_1 > m_2 and the cost of reducing emissions equal to m_1/2 e^2. Suppose also that the firms must borrow to pay for permits at firm specific interest rates r_1 and r_2. Give a condition for the benefits to ..
The table below shows information on demand and supply for boxes of 1 dozen water glasses. The lobbyists for the water glass producers persuade the government to establish a price floor of $48 per box. Sketch a diagram of the market for water glasses..
Suppose that country A pegs its currency to the currency of country B. Which of the following will NOT be a benefit of this arrangement to country A?
Is the long-run demand for a factor more, or less, elastic than its short-run demand? Explain why, and illustrate graphically.
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