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The events X and Y are mutually exclusive. Suppose P(X) = .05 and P(Y) = .02. (Show work)
a. What is the probability of either X or Y occurring?
b. What is the probability that neither X nor Y will happen?
The defined benefits pension fund of G-Tech Electronics has a net value of $2.71 billion. The company is switching to a defined contribution pension plan.
Prepare a table that shows total variable cost, average total cost, and marginal cost at each level of output.
Explain the importance of internal tools available within a DBMS. I don't understand what the tools are. Are they the programs within the database?
A used car dealer in Las Cruces placed the following advertisement: $500 down now + $99 for the first 12 months + $199 for the following 48 months a. What is the price of the car if the interest rate is 12% per year compounded monthly? b. If financin..
Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker and that a college economics student asks you to rank.
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
As long as marginal cost is below marginal revenue, a perfectly competitive firm should. The “Schools of Thought” handout shows.
You have been pondering opening a food cart, as one does in Portland. You will only be open for lunch and expect to charge $6.5 per meal. Food carts usually have a 5X on food costs so you expect to charge five times the food cost. What is the highest..
Perform an annual equivalence analysis for the two options, and state which is the better option and why. Calculate the present worth of the incremental system (1 - 2): and state which option is better and why.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
The rationality assumption as used in economics
Provide an example of a resource, describe who owns and utilizes it, and where the resource can be traded. Suggest how the price of that resource might be set in the marketplace
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