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Liam, Matthew, and Dean are going to play video games this afternoon. Together, they have 3636 video games. If they decide to randomly choose three video games, what is the probability that the three they choose will consist of each of their favorite video games? Assume they have different favorites. Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.
Free Trade has been growing! Does NAFTA [North America Free Trade Agreement] sound familiar? NAFTA was passed under the Clinton administration. Nine years later, U.S. Congress approved CAFTA [Central America Free Trade Agreement] which was signed int..
An investor recently purchased a corporate bond that yields 7%. The investor is in the 30% combined federal and state tax bracket. What is the bond's after-tax
Draw a long-run average total cost curve. What other names does it have? Why? There are three separate regions of it. List and explain each of them. List the reasons for the left side of this curve.
Suppose market demand and supply are given by Qd=100-2P and Qs=5+3p. If a price floor of $30 is set, what will be size of the resulting surplus?
Which country has the largest growth rate? Would you live in the country with the highest growth rate? Why or why not? Be specific.
a) What is the amount of her monthly payment if she borrows for 4 years?
Illustrate the marginal revenue curve that corresponds to positive marginal revenue. Line segments will automatically connect the points.
Suppose that firms in the chemical industry are allowed, free of charge, to dump harmful products into rivers. If this is the case in a competitive market, how will the price and output of the chemical products compare with their values.
1. What barriers to entry exist for the Monopolistic competition business model? 2. Describe the difference between Monopolistic Competition and Monopoly market structures.
Illustrate what is the present worth of the planned expenditures at an interest rate of 10% every year
First-time subscribers to the Economist pay a lower rate than repeat subscribers. Is this a case of price discrimination? If so, of what type?
Heinz makes most of its money from ketchup and? prepared, packaged foods that are substitutes for fresh foods. Revenue tends to be low in the second quarter?(May, June, and? July). Can you provide a possible reason for this? pattern?
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