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A light bulb at an art museum has an expected life at 300 hours and a standard deviation of 12 hours. Using chebychev's inequality to estimate the prob. that one of these light bulbs last between 280 and 320 hours of use.
The odds of choosing one black ball from an urn are 7 to 13. What is the probability of not getting a black ball?
If you were running race, and you passed the person in 2nd place, what place would you be in a now?
"Our marginal revenue is less than our marginal cost at the current production level." This statement indicates that the firm:
The supply and demand curves are: Qs = - 800 + 15p and Qd = 3200 - 25p. Solve for the market equilibrium. Now suppose a tax of $20 per unit is imposed on consumers. What are the new equilibrium quantity, buyer's price and seller's price? What is tax ..
The table on federal income tax rates facing various income groups suggests that the marginal tax rate in the United States has fallen. What would be your prediction as to how this decline in marginal tax rates could affect the quantity of Labor supp..
The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve: Determine the profit-maximizing price of each meal assuming The Blue Dragon is behaving as a monopo..
Larry Bush, was on his second audit job on the East Coast with a new client called FSK. He was looking through the past four years of financials and doing a few ratios when he noticed something odd. Bush discovered that the company was clearing the r..
A manufacturing plant purchases equipment for 5100,000 which it intends to sell after 10 years for $20,000 salvage. The maintenance costs are estimated to be $2,000 the first year and increase by $500 each year thereafter. Using a nominal rate of 7%,..
In Savannah, Georgia, the retail gasoline market consists of 8 firms. Firm 1 has 30% of the market, Firms 2 and 3 have 20% each and the remaining firms have 6% each. What is the four-firm market concentration ratio for this industry? Show your calcul..
What strategies should Walmart follow to succeed in a market like Africa with its low income level and high poverty incidence? Do you think its low-cost model will be successful in Africa?
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
A selfless person approaches Jones also Smith with a $100 bill also offers to sell it to the highest bidder but both the winning also losing did der must pay her their bids.
Time inconsistency is the problem of policy makers having a strong bias towards------ priorities over the-------
What are International Considerations for Nordstrom?
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