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A car dealer is offering three types of cars: compact, SUV and sport car. Suppose that a customer may not buy any car or he might buy on of this three types of cars. There is 50% chance that he will not buy any car or buy a compact car. Similarly, the chance that he will to buy any car of buy a SUV is 60% and the chance that the will not buy any car or buy a sport car is 30%. what is the probability that a customer buys a compact car?
Holmes Institute Australia - HI5003 Economics for Business Assignment - Written Report and Presentation. Write a report about industry and its associated issue
If the man goes to withdraw the money after four years, determine the amount that he will get in his account?
Explain what section(s) of each code would apply to the scenario and discuss what actions would and would not be appropriate for the project manager, given your interpretation of these applicable sections of the two codes.
Think of a strategy pursued by the company your work for or another company. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable in the ..
Question 1: Mars and Hershey's dominate the domestic chocolate candy bar business. In this mature market, advertising by individual firms does little to convince more people to eat candy. Effective advertising simply steals sales from rivals. Big ..
One reason firms in monopolistic competition can charge different prices is that their products are identical 2 similar 3 differentiated 4 guaranteed. The Clayton Act prohibits price discrimination. In monopolistic competition, there is no need for..
Write the equation for the budget constraint and draw it on a graph. Label everything correctly?
Identify the market structure that best matches the competitive qualities found in the market where these products are made and sold. Explain your answer.
A farmer needs a worker (called harvest hand) to help her bring in the harvest. A great harvest hand adds £5000 to the farmer’s revenue. A good harvest hand adds £4000, a decent harvest hand adds £3000 and a bad harvest hand adds £2000 to the farmer’..
Assuming the price of Y's motorboats decreases by $300, what change in demand for Smooth Sailing's sailboats will result (give numerical value too)?
How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources and Using the circular flow model, explain the flow of money and goods in an economy
Explain the reasons behind the shift and how that has influenced the equilibrium price.
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