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Four percent of DVD players manufactured by an electronics company are defective. Suppose six DVD players are randomly selected from the production line. Each DVD player is determined to be defective or non-defective.
a. What is the probability that none of the DVD players are defective?
b. What is the probability that all six of the DVD players are defective?
c. What is the probability that at most one of the DVD players is defective?
d. What is the probability that at least two of the DVD players are defective?
1.Why might it make sense for a firm which cannot sell its output at a profit to continue in production for the time being? For how long should the firm continue to produce at a loss?
If countries are so keen to reduce the barriers to trade, why do many countries frequently attempt to erect barriers?
Explain how incomplete information can cause market failure. Give at least one example of this type of market failure and explain how government intervention has been used to correct the problem.
How can this be calculated? Do I need information from the questions before this one or all the variables I need present in the question?
q1 the harold shipman private healthcare clinic ltd specialises in hip knee and shoulder replacement operations that it
Explain how the holding of a range of assets in peoples portfolios may help to create a more direct link between changes in money supply and changes in aggregate demand.
A monopoly firm estimates the demand function (curve) for its output to be: Q = 1624 - 0.25P, and its total variable cost function as TVC = 24Q - 4Q2 + 1/3Q3, Where Q is output How many units should the firm produce to maximize profit
1.Why might it be better to ban certain activities that cause environmental damage rather than to tax them?
Discuss the expected lobbying behavior of lawmakers from timber producing states (Montana and Alabama), the National Association of Homebuilders, and U.S. lumber companies (for instance, Georgia Pacific).
1.The USA is the world's largest emitter of CO2, and China is the second largest. What issues arise from this in the formulation of a global policy to reduce CO2 emissions?
(Cournot Duopoly Revisited) Consider the Cournot duopoly model where the (inverse) demand is P (Q) = a â€" Q. The two firms now have asymmetric marginal costs: c1 for firm 1 and c2 for firm 2.
Show graphically the effect of Canadian strikes on the market for nickel. Given the information above, what's the price elasticity of the world demand for nickel over the relevant price range?
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