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Greg made up another question for a small quiz. He assigns the probabilities P(A)= 0.6, P(B)= 0.7, P(A | B) = 0.1 and asks for the probability P(A or B). What is wrong with the probability assignments?
give an example of a government created monopoly. is creating this monopoly necessarily bad public policy?explain two
If the firm is producing at a quantity of output where marginal revenue exceeds marginal cost, then,
From the second e-Activity, discuss what you believe to be the two (2) most important security considerations related to cloud deployments, and explain the main reasons why you believe such considerations to be the most important.
Money Demand. Understand the Baumol-Tobin model Be able to use the Baumol-Tobin model to analyze the effects of changes in the interest rate, the price level, and real income on money demand and to analyze the effects on the interest rate of a change..
You are the manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. Compute the total revenue, the total cost, and the profit at the..
Suppose a market is in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause these changes to price and quantity?
The Constant Elasticity of Substitution function. Determine the returns to scale of this production function. Find σ, the elasticity of substitution. Express K/L as a function of w/r. How does the relationship between K/L and w/r change when ρ chang..
Assume an economy's annual money velocity in circulation is 10. Please answer the following two questions:
Republican presidential candidate Donald Trump is a multi-billionaire who claims that, if elected, he would run the country like a business firm. Using the economics of the firm, explain why this may not be so.
Write down the outcome space, i.e., the space of all possible valid outcomes in this lottery.
At what effective interest rate are these terms equivalent?
The Delphi method used for forecasting:
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