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A traffic light is set to switch from red to green according to a uniform distribution with a mean of 45 seconds. The difference between the smallest and largest number of seconds it takes the light to switch is 8 seconds.
a. draw a picture illustrating the specifics of the function
b. what is the probability that the light will take at least 43 seconds to switch?
c. what is the median number of seconds for the light to switch?
Assume the market for wooden toothpicks is competitive. Earlier this week, in a nationally published study, 4 out of 5 dentists enthusiastically endorsed the benefits of toothpicking for dental health
once the crowding-out effect is accounted for how will the following events affect the aggregate demand curve as well
please fill in the missing data for the blank lines 8 on the graph and then questions below.output
Consider a firm with total short-run cost function C=a+b.Q. New legislation means that it should pay an environmental tax which is the fixed sum, independent of whether it produces any output.
illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances would the net welfare loss from an import quota exceed the net welfare loss from an equivalent tariff
Industry and general pattern of change and hypothesize the basic short-run and long-run in a market economy
The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..
Under the contract, they would ship to you 2,000 titanium bolts per month at a price of $1,000 per bolt. Your assistant has just brought you an article from a trade publication that indicates another company has developed a new technology that red..
discuss measuring income distribution using a geometic representation called the lorenz curve. explain the theories of
1. use the information in the table below to answer the following questions.nbspqavcatcmcmr1p1mr2p20
discuss how the actions of the federal reserve specifically an increase or decrease in money supply affect the other
what effect should each of the following have upon the demand for portable music players in a competitive market?
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