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At a particular hospital 40% of staff are nurse assistants. If 12 staff members are randomly selected, what is the probability that exactly 3 are nurse assistants?
The equilibrium real fed funds rate is 2%, the inflation target is 2% and the growth rate of potential output is 3%. If inflation is 8% and output growth is 6%, find the federal funds rate recommended by the Taylor Rule.
Does the Secretary of the Department of Homeland Security have the authority to defer deportation for millions of undocumented immigrants and thereby make them eligible for government benefits?
Luke has $16 to spend on his lunch at his school cafeteria every week. A slice of pizza (P) costs $2 and a submarine sandwich (S) costs $4. Luke likes an average more than extremes. Draw an indifference curve diagram (place pizza on the horizontal ax..
How much of a discount is the shopkeeper offering you relative to the importer's price? (answer in US dollars)
Adjust the benefit or cost curve or both to illustrate the private also social benefits also costs in the market for electricity.
In a world of two goods (say, x and y) an increase in the price of x which is accompanied by money compensation for the income effect alone will lead to:
A corporate expects to receive $34,688 each year for 15 years if a particular project is undertaken. There will be an initial investment of $122,261. The expenses associated with the project are expected to be $7,426 per year.
Do you think we should have perfect income distribution in this country and why do you feel the way you do? Currently, income gets re-distributed through income taxes, sales taxes, estate taxes, and things like that. If you don't think we should have..
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them?
Suppose that George operates a laundromat which requires two inputs, capital (K) and labor (L). Suppose George desires to produce 90 units of output, the cost of capital is $1 and the cost of labor is $27. What is his optimal input combination?
Any changes, and the reasons therefor, that you recommend to the Dodd-Frank Act or to the regulatory action taken with regard to capital requirement/leverage to include whether the legislative provision and/or the regulatory action(s) taken should be..
A machine costs $50,000, and increases revenues by $18,000 per year. However, O&M costs increase by $4,000 per year. The machine lasts 6 years and your MARR is 7% annual rate compounded annually. What is the Present Worth (or Net Present Value) and s..
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