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Tim Bleckie is the owner of Bleckie Investment and Real Estate Company. The com- pany recently purchased four tracts of land in Holly Farms Estates and six tracts in Newburg Woods. The tracts are all equally desirable and sell for about the same amount.
a. What is the probability that the next two tracts sold will be in Newburg Woods?
b. What is the probability that of the next four sold at least one will be in Holly Farms?
c. Are these events independent or dependent?
Imagine the number of unemployed is 6,135 and the number of employed is 27,433. Then, 3,225 people that were considered unemployed become discouraged and stop looking for a job. What would be the change in the unemployment rate as a resul of this?
A profit maximizing firm will continue to hire labor inputs as long as a) it pays the workers a low wage b) the workers are productive c) the demand for labor is low e) the marginal revenue product is greater than the wage rate
Total transactions deposits in the system are $100 billion. If the Federal Reserve wishes the money supply to increase by an additional $20 billion, the Federal Reserve could: How do I get that answer?
When a best-selling book was first released in paperback, the Hercules Bookstore chain seized a profit opportunity by setting a selling price of $9 per book. With paperback demand given by P = 15 - .5Q, the chain enjoyed sales of Q = 12 thousand book..
q1. suppose a consumer has an income of 500 and faces prices px5 and pz10. write the equation for the budget
Explain the importance of conventions to associations, and identify factors that association meeting planners consider when making a site selection.
which of the following is the best explanation for the state's historic reliance on severance taxes on oil and gas production.
Compare and contrast the different Intel processors in Android phone and tablets.
Shortly discuss how the development of the Internet has changed the market structure in which companies operate. Assume that most firms can be categorized as being in perfect competition, monopolistic competition, oligopoly, or monopoly. Keep in mind..
Connie has a monthly income of $200 that she allocates among two goods: meat (M) and potatoes (P). Suppose meat costs $4 per pound and potatoes $2 per pound. Draw her budget constraint. An outbreak of potato rot raises the price of potatoes to $5 per..
The Speed of Sound The following table shows the approximate speed of sound in air, water, and steel.
Lorelai purchases an inn in 2004 for $200,000. Today (2016) if she wants to operate it as a bed and breakfast she would have to pay her cook $25,000/year, her assistant manager $50,000/year, and $10,000 in electric bills. What are the explicit costs ..
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