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The speed of cars passing through a check point follows a normal distribution with a mean of 45 miles per hour and a standard deviation of 6 miles per hour. What is the probability that the next car passing will be exceeding 51 miles per hour?
What are some of the realistic alternatives to OIL for a home heating and hot water; for electricity; and for fuel and lubricants for cars?
Use the t tables, software, or a calculator to estimate the values asked for in parts (a) and (b) below.
q1. what happened why did you leave the question and suddenly demand higher price?q2. how do i calculate the change in
Assuming continuous compounding, what is the nominal annual interest rate of this offer?
How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants of elasticity to explain your answer. How does the price elasticity of demand for gasoline imp..
According to the in the News article, "News Rules Would Cut Thousands of Coal Jobs",
Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000. On efficiency grounds, sho..
Suppose John’s preference between goods A and B is represented by a utility function u(xA, xB) = xAxB, where xA, xB are amounts of A, B consumed. Suppose John has 40 units of A and 5 units of B. What’s his utility level? Draw qualitatively the indiff..
Explain why it is not possible for one agent to have a comparative advantage in all goods, a worked example with calculated values would be useful.
Who made up the Grange also Illustrate what effect did they have on the writing of the Texas constitution.
The production function is f(x)=4x1/2 if the price of the commodity produced is $60 per unit and the cost of the input is $20 per unit, how much profit will the firm make if it maximizes profit?
Should any of the assumptions that give rise to that theorem be modified in order to make it more realistic?
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