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The distribution of seed weights for pumpkins is closely approximated by a normal distribution. You know that 95% of the seeds weigh less than 0.68 grams and that 5% of the seeds weigh less than 0.36 grams. Suppose you select a single seed at random. What is the probability that its weight is greater than 0.42 grams?
Social responsibility other than to make as much money for their stockholders as possible. Explain why you agree or disagree with such a statement.
As per the Hausmann-Rodrik-Velasco Growth Diagnostic growth diagnostic framework, briefly discuss three possible causes of low private sector investments.
Using the fundamental equations from the simple monetary approach, describe how each of the following will affect the home and foreign price level, real money balances, and the exchange rate, EH/F . Also, state whether the home currency appreciates o..
Suppose the income elasticity of demand for good X is 2, its own price elasticity of demand is -4, its advertising elasticity is 3, and the cross-price
There exist games with multiple Nash equilibria. All Nash equilibria are based on dominant strategies. No player wants to deviate from a Nash equilibrium. A Nash equilibrium is a mutual best response
Explain what this tells you as a consumer about the quality of McDonald's products
Describe how the Federal Reserve is able to control the federal funds rate fairly closely and why this enables the Federal Reserve to have such good control over ALL short-term money market interest rates. Refer to changes in the Federal Reserve's ba..
Write the Network Security Policy section of the Information Security Policy. Include the following:
You are the manager of a monopoly and your demand and cost functions are given by P = 300 – 3Q and C(Q) = 1,500 + 2Q2, respectively. Furthermore, MR = 300 – 6Q and MC = 4Q. What price-quantity combination maximizes your firm’s profits?
Starting with a positive output gap where aggregate demand is at a level less than full employment, assume that the annual Real GDP growth rate is equal to 4% and the annual supply side growth rate is equal to 2.5%. Aggregate supply will grow equal t..
Explain price elasticity, income elasticity and cross elasticity of demand. Assess relevance of price elasticity of demand, income elasticity of demand and cross elasticity of demand to a magazine publisher.
Use the following equations for labor supply and labor demand, to answer the following questions. L stands for labor and w stands for wage per hour. If the country has a minimum wage implemented of $17 per hour, what exactly will happen to the econom..
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