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The weight of the ice cream that is put in containers by an automatic filling machine follows a normal distribution with a mean of 201 ounces and a standard deviation of 2.7 ounces. A container is underfilled if it contains less than 197 ounces.
If four containers are randomly selected what is the probability they are all underfilled.
Many people focus on the effect of monetary policy on interest rates in the economy. Use the loanable funds market to explain how unexpected contractionary monetary policy affects interest rates in the short run. Also explain the changes in real GDP,..
The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham Technical University spend about £2,760 each in the local economy for a total of £50.45 million. In total, the impact of their spending on the local ec..
This says that consumers hold 20% (c = 0.2) of their money as currency and the required reserve ratio is 37.5% (θ = 0.375). Demand for central bank money (Hd) is the total amount of currency being demanded plus the total demand for reserves. Solve fo..
In the Solow growth model, if the savings rate is X; the per-worker GDP equals the per-worker stock of capital goods, the depreciation rate of capital goods is Y, and capital goods per worker in year 1 equals Z, then what will be the amount of cap..
Why is it important to know Elucidate how much output is being produced
A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixth year. the electrical company considered 15% compounded annually as..
Which of these cash flow streams has the higher present value if the discount rate is 6 percent? If the discount rate is 22 percent?
A firm's production function is qi = 0.2*Ki^(0.6)Li^(0.4). The wage rate in this area is w = $15, and the cost of capital is r = .05. Find the firm's short run cost function, if Ki is fixed at $100,000. If the good is exported around the world at a p..
Compute a 99% confidence interval rather than a 90% confidence interval. The increase in confidence indicates that we have a better interval.
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
How would you characterize Judy Wicks approach to business, from a theoretical perspective? Give examples from Judy's book to illustrate your points.
Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. If given a 60-inch deck riding mower, a la..
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