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Consider four independent rolls of a 6-sided die. Let X be the number of 1s and let Y be the number of 2s obtained. What is the joint PMF of X and Y?
For simplicity, assume MSRP is the cash purchase price. The vehicle will be driven 1,000 miles per month and you hope to can sell either vehicle after 36 months for 70% of the purchase price (use the MSRP). Sales tax of 8.4% is paid at time zero a..
Suppose a typical consumer buys 20 units of food and 10 units of clothes in the year 2307, when the price per unit of food is 100 and the price per unit of clothes is 200. In 2308, when the typical consumer buys 20 units of food
Imagine an economy with a standard Cobb-Douglas production function, population growth of 2%, 1% total productivity growth, a savings ratio of 10% and a profit share of 20%. Assume that machines depreciate by 5% per annum.
MaxiFlow uses a few complex fabricated parts, but these have been found easy to assemble and test. On the other hand, Alaska uses many standard parts but has a complex assembly and testing process. MaxiFlow requires direct materials costs
Consider a simultaneous move quantity-setting game with two firms facing a demand curve p = 100 - q. Both firms have marginal cost of 20. Suppose one firm maximizes profit and the other maximizes revenue, but both take into account the other firm'..
Did this intervention "correct" the existing market demand?
a. If these products are sold in the ratio of 4A for 3B, what is the break-even point b. If the product mix has changed to 5A for 5B, what would happen to break-even point c. In order to maximize the profit, which product mix should be pushed
For this assignment, you are required to research data related to an economic issue or situation relevant to your organization or a business organization in general. Use the Bureau of Economic Analysis website to choose data for this assignment
Could it be profit maximizing for some firms to adopt the new technology but not profit maximizing for other firms to adopt that same technology? Which firms would choose to adopt the new technology? How would they be different from the firms that..
Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. If he rejects the offer, he receives an unemployment benef..
Contrast the results on convergence from the diffusion theories with those from the Ramsey model. Is it feasible to distinguish the theories empirically? If so how?
d. How would you characterize the demand for haddock e. Suppose disposable income is expected to increase by 5 percent next year. Assuming all other factors remain constant, forecast the percentage change in the quantity of haddock demanded next year..
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