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An instrument is made up of 3 parts: an upper part, a middle part and a lower part. the instrument is then assembled. 6% of the upper parts are defective, 3% of the middle parts are defective, and 2% of the lower parts are defective. What is the probability that none of the 3 components are defective?
In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income.
List five oligopoly industries/firms whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition? Under what conditions might an oligopoly look more like a monopoly? A monopolistically competitive industry..
Walt considers x and y to be perfect substitutes. They originally cost $10 and $9 respectively. His income is $720. One day the price of x drops to $8.
Suppose it is believed that the U.S. dollar will steadily depreciate against the euro at a rate of 2% a year over the next three years. After that, people expect the dollar–euro rate to be steady. Ten-year U.S. government dollar bonds yield 8%. What ..
What would you expect to be the effect on interest rates if the Fed held the money supply constant.
Fixed cost of production in a fast food restaurant include cost of furniture, rent, insurance charges, interest on the loan taken etc. variable cost of production include cost of the raw material purchased to manufacture food, wages to the staff, cle..
DATA SET E Microprocessor Speed (MHz) and Power Dissipation (watts) (n = 14 chips) Chip Speed (MHz) Power (watts) 1989 Intel 80486 20 3 1993 Pentium 100 10 1997 Pentium II 233 35 1998 Intel Celeron 300 20 1999 Pentium III 600 42 1999 AMD Athlon 600 5..
What is the opportunity cost of Josephine's trip to the wedding
Two competing companies have submitted bids to develop a new video display technology. The yearly development cost of Alpha expressed in actual dollars will be $150,000 the first year and increase by 4% per year over the five year contract. Beta has ..
Which of the following was NOT a Napoleonic educational policy? Which of the following was not true of Robert Owen's ideology?
The traffic over Route 44 has been increasing 6% per year. In year 1, the traffic will average 25,000 vehicles per day. Estimate the annual traffic in year.
In a world where the public holds no currency but where banks keep fractional reserves against deposit liabilities, explain how an injection of new base--say from The Fed’s purchase of securities-- lead to new M1 which is a multiple of the new base. ..
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