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The annual per capita consumption of bottled water was 30.3 gallons. Assume that the per capita consumption of bottled water is approximately normally distributed with a mean of 30.3 and a standard deviation of 10
a. What is the probability that someone consumed more than 40 gallons of bottled? water?
b. What is the probability that someone consumed between 30 and 40 gallons of bottled? water?
c. What is the probability that someone consumed less than 30 gallons of bottled? water?
d. 95?% of people consumed less than how many gallons of bottled? water?
To illustrate inflation inertia in an aggregate demand–aggregate supply model, the short-run aggregate supply curve shifts upward because of increases in ______, and the aggregate demand curve shifts upward because of increases in ______.
Do some online research to find information on several business that have implemented IPTV.
The idea of the Law of Demand, as applied to electric cars, assumes which of the following to be constant? When economists say that the demand for a product has decreased, they mean that: Which of the following will not cause a change in the demand f..
In 1976 independent Texaco retailers file suit against Texaco. In 1990, the Supreme Court of the United States found that Texaco had indeed violated antitrust law. Illustrate which law do you think Texaco was found guilty of violating.
If the marginal benifit curve to carbon emission reductions is relatively flat (relative to the cost curve), explain why a tax might be preferable to a cap-and-trade system
Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.
The paper for this course requires you to think of a macroeconomic problem that currently exists outside of the United States. Using that problem, you will form a paper topic that will explore alternative solutions to the problem. My rejection would ..
Can the Federal Government discriminate among states when setting tax rates? Explain the main characteristics of the libertarian ideology. Do they have an Organic or Mechanistic view of government? Explain concisely what a natural experiment is and i..
(a) Compute the annual depletion on a cost basis. (a) Compute the annual depletion on a percentage basis.
A flood control project with a life of 15 years will require an investment of $250,000 and annual maintenance costs of $20,000. The project will provide no benefits for the first two years but will save $60,000 per year in flood damage starting in th..
In the first chapter, we are introduced to Ten Principles of Economics. Which of these principles do you observe in your everyday life? -Which of these principles have you never really thought about before? -Which of the principles are you most curio..
Read "The Path to Liberation" (24-2). Why did Ho Chi Minh embrace International Communism? What were the essential elements of Lenin's strategy for bringing about International Communism? To what extent is International Communism compatible with nati..
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