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The final grade is normally distributed with a mean of 73 and a standard deviation of 8.
1. What is the probability of getting a grade of 91 or less?
2. That a student obtains a grade between 65 and 89?
The Solow growth model predicts that in the steady state, output per worker grows at the rate of growth in total factor productivity (TFP). Use the ratio of real GDP to total employment (from the current population survey) as a measure of output per ..
Examine the factors that can significantly affect our estimate of risk. Outline the role the PM can play to prepare the grounds for a better estimate of risks.
Describe the topic and the policy question; Provide statistical data that is relevant to a decision on the policy question; Then choose your position and defend it using the data, economic theory and logic.
Define each of the following terms and describe how the healthcare administrator uses each of them in quantitative analysis:
A monopolist faces the inverse demand curve p = 64 - 2q. At what level of output is his total revenue maximized?
10 consumers, ranked by their value for a network product v = 1...10, are deciding whether to connect to the network. If there are n people on the network, including oneself, then a consumer's willingness to pay equals n x v. What is the highest pric..
Suggest an antidumping duty to prevent this type of behavior of the firm. Can you suggest any other policy to restrict this type of dumping behaviour?
Other things the same, if technology increases, then in the long run
Behavioral economics clearly makes an important contribution to our understanding of economies. Which, after all, are driven by human behavior?
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following
Suppose that GDP equals 10,000, aggregate consumption equals 6,000, net taxes equal 1,500, government spending is 1,700, net exports are 300 and the investment curve is given by the following equation: I=3,300-100r.
Consider a duopoly model where two firms compete in their prices sequentially. Denote firm 1's price by p1 and firm 2's price by p2. Every firm has a constant marginal cost c > 0 but no fixed cost. Demand functions faced by the two firms are, respect..
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