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A sock drawer has 17 folded pairs of socks, with 9 pairs of white, 5 pairs of black and 3 pairs of blue. What is the probability, without looking in the drawer, that you will first select and remove a black pair, then select either a blue or a white pair?
Switch grass was promised to be the new crop that would replace corn as the primary feedstock for bio-fuels a couple of years ago. Why have we still not switched to switch grass.
What would happen if suppliers charge less than the equilibrium price for your good or service.
Labor market ex for monopsonist. Labor Demand is Qd= 220-5w. Labor supply is Qs=-45+8w. Union has no market power, and so league acts as a monoposonsit facing marginal expenditure curve. ME=Q/4+5.624 (This is the derivative of (labor supply curve sol..
The company expects to pay dividends of $2.30 per share next year (D1) and projects dividend growth at a rate of 7%.
I recognize the term “supply-side economics” as phrased in my high school course, “trickle-down policy”. The increase of goods without a shift in aggregate demand curve will increase supply, and lower prices. A supply-based policy is a tool of govern..
If average variable costs are assumed to remain constant over a 10 percent increase in output, evaluate the effects of the proposed price cut on total profits.
Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:
A credit card company wants your business. If you accept their offer and use their card, they will deposit 1% of your monetary transactions into a savings account that will earn a guaranteed 5% per year. If your annual transactions total an average o..
In looking at market structures we often see that monopolies are sole providers of a good or service. In looking at utility companies, why are they typically awarded the ability to be monopoly from government?
What effect does expansionary fiscal policy (under flexible exchange rate) have on the supply and demand for dollar in the FX market? What happen to the nominal price of the dollar, export, import and aggregate demand?
What is the role of foreign exchange market in international business? Define fixed and flexible exchange rate regime.
Sarah's preferences for consumption and leisure can be expressed as U ( C , L ) = ( C - 180 ) × ( L - 80 ) . This utility function implies that her marginal utility of leisure is C - 180 and her marginal utility of consumption is L - 80. What is her ..
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