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From family background, it is known that with probability 1 2 a woman is a carrier of haemophilia. If she is a carrier, then with probability 1 2 her male offspring will have the disease. If she is not a carrier, then her male offspring will not inherit the disease. Suppose the woman has a son who does not have the disease; what is the probability that she is a carrier (to one decimal place)?
Suppose that the equalibrium price of copper is 5 and the equalibrium quantity of copper is 20. At the market equalibrium, the price elasticity of demand for copper is -0.5, and the price elasticity of supply for copper is 1.0. suppose that the quant..
The price of equipment is 25,000 today. Determine the price of the equipment 3 years from now, if deflation rate is 2% in the first year and inflation rate is 1% in the second year and 4% for the third years
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
Consider the following duopoly where firms choose their quantities (qi ∈ [0, ∞)) simultaneously. Firm 1 has a cost of c1 (q1) = 20q1 and firm 2 knows this cost. Firm 2 has either a cost of c2 H (q2) = 30q2 or a low cost of c2 L (q2) = 15q2. Find the ..
Aggregate demand and supply have varied impacts on economy of city. During the recession, economy faces the fall in the demand and fall in the demand brings about the unemployment to economy of city. To deal with the unemployment, there must be incre..
John, Denny, Cass, and Michelle decided to perform music together from time to time. John would pay to book a venue. Denny would pay for gas in Cass’s car (a beat up car, but that she later replaced with a Porsche), How should they split the money th..
The equilibrium allocation is stationary over time. Write down the market-clearing condition for an arbitrary date t. Find the real rate of return of at money at the monetary equilibrium. What is the gross rate of in ation?
What is the Brazilian Real/Chinese Yuan cross rate? Enter your answer rounded off to FOUR decimal points.
The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
She needs to make room in the store for the next year's styles. What price should the manager set for the coats?
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