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Use Excel to help with calculations. 1. The times its takes the UCLA men's track team to run the 100 meters is normally distributed with a mean of 10.1 and a standard deviation of .05.
A) What is the probability of a random UCLA runner runs the 100 meters in at least 9.9 seconds?
B) What is the probaility of randomly selecting a runner who's time is slower than 9.9?
C) What proportion of the UCLA men's track team would be expected to run the 100 meters in 10 seconds or more?
D) What percentage of this population would you expect to run the 100 meters between 9.85 and 10.15 seconds?
Demand function for tickets for a rock concert has been estimated to be. Determine the values of the price elasticity of demand and the income elasticity of demand.
What are all producers assumed to maximize?
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Using the 'Policy Trilemma' as a theoretical backdrop discuss in some depth the reasons for the collapse of the Bretton Woods System.
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Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the foreign country. What is the no-trade relative price of cars in Foreign?
Question: Explain what happened using the MySpace/Facebook analogy as the framework for your analysis.
In this module, it is demonstrated that sometimes extensive diseconomies of scale, say, due to high transportation costs, would require that the firm produce its product in a multiple of plants. The average hauling (freight) cost is $0.8Q; that is AF..
Calculate the project cash flow generated for Project A and Project B using the NPV method.
A natural gas well is projected to produce $200,000 in profit during its first year of operation, $190,000 the second year, $180,000 the third year, and so on, continuing this pattern. If the well is expected to produce for a total of 10 years, and t..
"Consider the singlefactor production function, l' = AL, for Island A and B. Each island has 100 units of labor {and they cannot move across islands). Island A
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