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You purchase boxes of cereal until you obtain the one of the collector's toy you want. If on average you get the toy you want in every 21st cereal box, what is the probability of getting the toy you want in any given box of cereal? round to 3 decimals
When the price of pears fell to $3, what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
Are these kinds of policies easy to implement in practice? How has globalization of production affected our ability to control pollution?
Docs R Us has just finished evaluating several projects. Their cost of capital is 10%. NPV's are calculated by the firm's current cost of capital.
Give one or two examples from the development experience of an Asian country to support economic freedom is important to economic development.
The law of demand states that, other things equal, an increase in
Reflect on the recent discussions of immigration in the news. How do you think this impacts the U.S. economy?
Research two periods in history, one where the United States experienced an increase in inflation and the other an increase in unemployment. Write a paper discussing the causes and outcomes. Use the aggregate demand and supply models to analyze the c..
Suppose the marginal expense of hiring another worker is $150, and the marginal expense of hiring current workers for an extra hour is $10.
In an industry with a dominant firm, the demand curve facing the dominant firm is identical to market demand.
Assume that a nation’s marginal propensity to consume is 0.8, and that its potential GDP exceeds its actual real GDP by $3000 (There is a recessionary gap). By how much should that nations’ government initially change its spending (G) in order to clo..
Therefore, the real price of milk in 2010 expressed in 1995 dollars was ?$ nothing. (Enter your answer rounded to two decimal? places.)
How many houses of the twenty would you expect to have a DVD? What is the standard deviation of the number of houses with a DVD?
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