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The next 2 questions refer to the following: A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses. The table shows the student's estimate of the relation between time spent studying each course and the grade for each course. Hours of Study Economics Statistics Finance 0 50 42 56 1 62 54 68 2 71 64 76 3 79 72 82 4 85 80 87 5 88 84 90 6 90 87 93 7 92 89 95 1. How should the student allocate her time? 2. What is the maximum AVERAGE grade the student can earn if she studies 9 hours per week?
Assume there are 1000 homes in a flood zone in an area in which sea levels are rising. An additional 1000 homes are above the flood zone and at less risk. A levee could be built to prevent the rise in sea level from affecting the homes. It is worth $..
When aggregate demand shifts left along the short run aggregate supply curve, then unemployment?
You are given the following information about the economy of Nocoin: The banks have submitted of $300 billion, two thirds of which is in deposits with the central bank.
Competition within our marketplace is heating up, and we need to quickly get on top of our processes to regain the confidence of our customers and makeBOLDFlash their first choice when purchasing.
For the last several years, the money supply in the fictitious nation of Mauritania has been rising by 10% annually, and inflation has been running at 8%. The central bank is going to cut growth of the money supply back to 3% annually. Which of the f..
The manager of a branch of a lical bank wanted to estimate the averageamount held in savings account by depositors at the bank. A random sample of 25 selected and the sample mean was$4,750 and a standard deviation of $1,200. Construct and explain a 9..
What will be the CS, PS, tax revenues and deadweight loss? Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss?
How it may be possible for increases in the minimum wage to have little impact on employment levels. Please explain using the following concepts: long-run versus short-run; b
Starware Software was founded last year to develop software for gaming applications. Initially, the founder invested $800,000 and received 8 million shares of stock. Starware now needs to raise a second round of capital, and it has identified an inte..
Keynes said it was the stock market crash of October, 1929 that was the trigger mechanism for the Great Contraction from 1929 to 1933. He believed that the crash caused expectations to become catastrophically pessimistic. Use the Keynesian Cross Mode..
Payments for imports and receipts from exports are recorded in the current account. Foreign investment in the United States and U.S. investment abroad are recorded in the capital and financial account. A change in U.S. official reserves is recorded i..
The average unleaded gasoline price for california residents on May 30, 2011, was $4.12 per gallon. Assuming that the base period (price index = 100) is 1996 and that the unleaded gasoline price for that year was $1.10 per gallon, compute the average..
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