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Suppose that the weight (x) in pounds of a 30 year old man is a normal random variable with mean 182.9 and standard deviation of 20lbs. in what percentile is a 30 year old man who weighs 150lbs?
A firm manufactures widgets according to the production function Q = 8L1/4 K3/4, where Q is the number of skis made, K is the amount of capital, and L is the amount of labor employed. The firm is currently producing Q =400 using L = 50 and K = 50. Wh..
Suppose that you are a borrower with a project that has a rate of return of 6.8%. You submit a bid to borrow $1,000 at an interest rate of 5%, and a lender accepts your offer. After you fund your project and pay back your loan, what is your gain or l..
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
Lenny was a resident of Maine and Milly was a resident of Arizona. Both went on vacation to Nevada. When on the golf course, Lenny drove the golf car recklessly, hit Milly, breaking her back. Milly suffered damages of $84,000. a. Indicate which state..
q.assume the demand and supply for wine within the u.s. areqd 100 - 20p u.s. demand curveqs 20 20p u.s. supply
Describe the provisions of life insurance policies. Need more than a short answer, more detailed the better.
You are given a market data that says when the price of a bottle of aspirin is $10, the quantity demanded is 60 bottles. When the price is $8, the quantity demanded is 80 bottles. Can the price of elasticity of demand be calculated for aspirin? If so..
Mirk Labs is a British pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada, and the United States on Zatab (pronounced zay-tab), an allergy medication. What wholesale price will Mirk Labs set? How much Zatab will it produ..
For each scenario, calculate equilibrium price and quantity, total consumer surplus and total producer surplus.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Which of the following is not true in regards to direct materials for a bakery? Eggs would probably be a direct material. Flour and sugar would probably be direct materials. Oil to lubricate factory machines would not be a direct material. Paper cupc..
For your term paper you are required to select a Fortune 500 company and analyze the following factors: Firm History and financial performance, Supply and demand conditions impacting firm revenues, Production costs, Demand and price elasticity.
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