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An electrical system consists of identical components. Each of which is operational with probability P, independent of other components. The components are connected in three subsystems, as shown in Fig. 1.19. The system is operational if there is a path that starts at point A. ends at point B. and consists of operational components. What is the probability of this happening?
Derive an expression for the firm's marginal revenue curve. b. To maximize profit, how many lasers should the firm produce and sell per month c. If this number were produced and sold, what would be the firm's monthly profit
Consider the regression model Y = B0 + b1xi + ui, Suppose you know that B0=0. Derive a formula for the least-squares estimator of B1
Find the equilibrium level of real GDP for Smallville. Note: you will have to solve a quadratic equation - and GDP cannot be negative, for obvious reasons. Y = AD (equilibrium condition) T = 1,200 (taxes - non-income)
does the problem relate to a problem of property rights?
What are the highest and lowest payments from the writer that the beekeeper farmer team will accept for the sixth day Assuming that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept
Real GDP Consumption Planned Investment Government Purchases Net Exports $1,000 $1,000 $100 $150 -$50 2,000 1,900 100 150 -50 3,000 2,800 100 150 -50 4,000 3,700 100 150 -501) Using the table above, answer the following question. The numbers in the t..
Calculate the price of each vegetable in each year.
a consumer lives three periods called the learning period the working period and the retirement period. her income is
Problem - Qd = 8000 -2Px + 3Py -4.5M. What is the own-price elasticity of demand? What is the cross-price elasticity of demand? Fully explain
Suppose that the supply curve for the labor to a firm is given by: L=100w And the marginal expense of labor curve is given by: MEL= L / 50 Where w is the market wage. Suppose also that the firms demand for labor (marginal revenue product) curve is gi..
If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per year. If she devotes all her resources to raising chickens, she can raise 50 chickens per year.
According to the profit-maximization goal, the firm should attempt to maximize short-run profits since there is too much uncertainty associated with long-run profits.
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