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Alice passes through four traffic lights on her way to work, and each light is equally likely to be green or red. independent of the others.
(a) What is the PMF, the mean, and the variance of the number of red lights that Alice encounters?
(b) Suppose that each red light delays Alice by exactly two minutes. What is the variance of Alice is commuting time?
One unit of object is going to be sold via auction. There are two bidders, A and B. Their willingness to pay are known to be either of 10,20,30,40,50 and bids are also restricted to those values.
what is the current selling price at that kink and how much output will be demanded?
Develop a searchable question using the PICOT format. (The question is a single statement identifying the components of PICOT.)
Using the four components of the GDP, If GDP is $100 billion, consumption is $60 billion,investment is $30 billion, and net exports are -$5 billion,what is government spending in this economy
If this was a competitive industry, the resulting quantity would be where P = MC. Solve for the competitive quantity (Q C) and price (P C). Hint: set P = MC to solve for Q, then plug Q into either P or MC equation.
On the (admittedly unlikely) assumption that the interest rate before the money supply increase equals the long-run interest rate, is the long-run increase in the price level more than proportional or less than proportional to the money supply cha..
What are the maximization problems faced by the agent and the principal in the extended model? Apply the Nash equilibrium concept to solve for the optimal contract and
The director of a nonprofit foundation that sponsors 8-week summer institutes for graduate students analyzed the costs and expected revenues for the next summer institute and recommended that the session be canceled. In her analysis she included a..
Concerning the cost effect of a price hike, what is the consultant assuming about your firm and its customers?
Suppose that households are concerned about the future and cut back on their marginal propensity to consume from 0.80 to 0.667. Try this experiment for the Money Supply Target case and the Interest Target Case.
Look at other elements of communication, Non-Verbal, Verbal, Culture etc., then pick two elements from the example of Conflict and discuss how these may have affected the situation.
Solve the problem for I (income). The impact on income of an increase in government spending equal to 100. Using the original data, compute the impact of a decrease in taxes equal to 100. Explain why the results are different.
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