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Out of 450 applicants for a job, 209 are female and 68 are female and have a graduate degree. Step 1 of 2:
What is the probability that a randomly chosen applicant has a graduate degree, given that they are female? Express your answer as a fraction or a decimal rounded to four decimal places.
Illustrate the graph for a natural monopoly. Where is price efficiency on the graph? Describe three consequences of price efficiency.
You took an amazing class at the U that changed your life, so now you are going to invest for your retirement. Your tax bracket is 25% federal and 5% state. Your investment is in a federally and state tax free account that earns 11% each year, what i..
Draw the graph of the indifference curve maps for each scenarios. Put good X on x-axis and good Y on Y-axis. Draw 3 indifference curves and labeled U1, U2 and U3 from the highest to the lowest utility level. a. Good X is economic bad. For good Y, mor..
If a country has a current account deficit, this is often referred to as a situation where the country is “spending beyond its means.” What does this phrase mean in terms of the simple Keynesian model? Does the existence of the current account defici..
Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will ______ the quantity supplied, causing the price of tree cutting/removal services to ______. The question of who pays the greater amount of a..
Describe perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings.
You are the project executive of a monopolistically competitive firm. The present demand curve is P=100-4Q . Your total cost equation is C(Q)=50+8.5Q2 , and MC = 17Q a. What level of output should you set to maximize profits? b. What price would you ..
What are one example of a monopolistically competitive firm, oligopoly, and monopoly in your local area? In your example, please relate to the market characteristics of each of the market structures?
The campus barber faces stiff competition from the large number of shops that surround the campus area, and for all practical purposes the market.
All margins are calculated on selling prices. On sales of 200,000 units, calculate the manufacturer's profit, the wholesaler's margin, and the retailer's margin
Assume annual mortgage payments of $12,000 for 30 years and an interest rate of 6.168% per year. What initial principal or PW will this repay?
Discuss the difference between a temptation and an ethical dilemma in the context of an experience you have had, and describe how you resolved the matter.
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