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Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose 6 non-repeating integer numbers between 1 and 39 (in any order) and those numbers are drawn. They buy one ticket (that's all the money they have left). What is the probability that it's the jackpot winner?
This case explores the potential of exporting for small businesses. Some 97 percent of all U.S. exporters in 2012 were classified as small businesses, yet together, these companies were responsible for some $460 billion in foreign sales. Discuss the ..
The original cost of a certain asset is $1,592. Annual maintenance costs are projected to be $464, with periodic maintenance costs of 983 every 10 years, over an indefinite period of time. The interest rate is 2%. What is the capitalized cost?
The Cobb-Douglas production function is given by: Y = AK^(α)L^(1−α) where 0
During the year, Belyk Paving Co. had sales of $2,381,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,444,000, $436,900, and $491,900, respectively. What is the company’s net income? What is it's operati..
In the theory of public goods, the degree of rivalness of any good can be measured by SMC/AC, where SMC is the social marginal cost of the good and AC is its average cost. Estimate the typical degree of rivalness of an agricultural product like wheat..
The residents of Mobile City all live in mobile homes which they own. However, they rent land for their homes from absentee landowners. The rental supply of land is inelastic at 100 acres. How many acres are rented? Explain. What is the market rent o..
Generalizing on the notion of a cut-set, we define a k-way cut-set in an undirected graph as a set of edges whose removal breaks the graph
Market equilibrium occurs at that price for which
Which statement is ture as it regards: International Economic Linkages
A foundation was endowed with 15000000 in july 2010. in july 2014 5000000 was expended for facilities and it was decided to provide 250000 at the end of each year forever to cover operation expenses. The first operation expense is in july 2014. If al..
Suppose that the Fed intervenes in the foreign exchange market to lower the value of the dollar. Assuming that domestic and foreign assets are perfect substitutes, use T accounts of the Fed to show how an unsterilized foreign-exchange intervention di..
If you want a 12% rate of return, continuously compounded, on a project that will yield $6000 at the end of 21/2 years, how much must you be willing to invest n
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