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The time it takes to completely tune an engine of an automobile follows an exponential distribution with a mean of 40 minutes.
a. What is the probability of tuning an engine in 30 minutes or less?
b. What is the probability of tuning an engine between 30 and 35 minutes?
Which of the following would not occur in the short run if a binding price floor were raised in perfectly competitive market? What is price discrimination? Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is describ..
Topic - Inequality of wealth and income: causes and consequences. Explain some of the main factors contributing to inequality of income and opportunity in Australia.
The FRS began a contractionary monetary policy in 1979. At the same time, Congress increased spending, financing the deficit by borrowing from the public.
What are macroeconomic factors and are they useful for economic forecasting? What are economic indicators? Are any of them useful for forecasting economic growth?
Assume she cannot borrow or lend in any way, and U(c1,c2) = c1*c2; what would be your advice regarding her consumption decisions for the two periods of analysis
If there are three firms in an industry with market share of 55%, 20%, 15%, and 10%. What would be the HHI index for this industry? How would you classify this market?
List the advantages and disadvantages for the United States to protect its catfish industry. List the protective measures (instruments) the United States has not used to protect its catfish industry. Briefly explain why each would or would not be suc..
What futures position would you take to change your overall market exposure to a beta of -0.2, rather than hedging yourself?
What's the difference between Symmetric and Asymmetric encryption?
A firm is considering three mutually exclusive alternatives as part of a production improvement program.
How does monopolistic competition lead to intra-industry trade, and what are the effects of intra-industry trade?
What is an exchange rate? What is the exchange rate currently for the US dollar and the euro? for the dollar and the yen? for any other currency of your choice? Where appropriate, cite examples from your text or other readings.
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