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Suppose that a student who is about to take a multiple choice test has only learned 40% of the material covered by the exam.Thus, there is a 40% chance that shewill know the answer to a question. However, even if she does not know the answer to a question, she still has a 20% chance of getting the right answer by guessing. If we choose a question at random from the exam, what is the probability that she will get it right?
Suppose that aggregate demand increases such that the amount of real output demanded rises by $7 billion at each price level. By what percentage will the price level increase? Will this inflation be demand-pull inflation or will it be cost-push infla..
recently a regional automobile dealership sent out fliers to perspective customers indicating that they had already won
1. The table below shows the production possibilities for the production of capital goods and consumer goods in the country of Harmony.
Why do people hold bonds rather than larger savings account or checking account balances Under what circumstances might they change their portfolios, moving their funds out of bonds and into bank accounts
Two firms compete in a market to sell a homogeneous product with inverse demand function P = 600 - 3Q. Each firm produces at a constant marginal cost of $300 and has no fixed costs.
Suppose a profit-maximizing monopolist is producing 800 units of output and is charging a price of $40 per\ unit.If the elasticity of demand for the product is -2, find the marginal cost Of the last unit produced.
Why the difference in profit margins and The market for operating systems is dominated by a single seller (Microsoft), while the software retail market is competitive.
What do you think would it have to do in a recession and Should it follow the strict rule? Would that make the remore or less severe? Why?
The magazine decided to rely on insights from behavioral economics to try to increase the number of people choosing the $125 subscriptions. It began offering the following three options: $56 per year for an online-only subscription and $125 print ..
What is free speech and what is not free speech? Please also give your definition of free speech.
Two employees will be hired at $10.00/hour/employee (including overhead and benefits). Each employee will work an average of 170 hours per month. The average revenue per customer is estimated at $7.00. The variable cost of serving each customer is..
Construct a comparative bar chart that allows the change in the pass rate for each group to be compared. Is the change the same for each group? Comment on any difference observed
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