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A city temperature is modeled as a random variable with mean and standard deviation both equal to 10 degrees Celsius. A day is described as "normal" if the temperature during that day ranges within one standard deviation from the mean. What would be the temperature range for a normal day if temperature were expressed in degrees Fahrenheit?
Imagine that Congress is considering a bill to reduce the current twenty-year life of most patents to eight years. What negative effects might this change have on the rate of innovation? What positive effect might it have for the economy?
If American workers produce 4 cars a year and 10 tons of grain and Japanese workers can produce 4 cars per year and 15 tons of grain, what would the PPF (Production Possibilities Frontier) graph look like
Does price discrimination increase or decrease the publishers profit?
What does the conclusion reveal about her legacy to women and to men?
Fill in the missing values for TFC, TVC, AFC, AVC, ATC, MC, TR, MR, and Total Profit in the blue sections of the table. Winsome Widget Factory Output Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average ..
Coolaire is the only firm producing a refrigerators. It costs $800 to produce a refrigerator, and coolaire sells each refrigerator for $1,200. Suppose, that a new firm, chillbox, enters the market for refrigerators.
Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average. Referring to the table above, is this an example of a prisoner's dilemma game
Compute total revenue and total profit.
Alchem (L) is the price leader in the polyglue market. All 10 other manufactures (follower (F) firms) sell polyglue at the same price as Alchem. Alchem allows the other firms to sell as much as they wish at the established price and supplies the r..
E-loan,an online lending service,recently offered 48month auto loan at 4.8% compounded monthly to applicants with good credit rating. If you havae a good credit rating and can afford monthly payments of $480.
Given the problems Zappos may face throughout the season, how would you evaluate the best actions to takeat a given point in time? What metric(s) would you look at to come up with the optimal decision? What optimization model that you have seen or..
Assume that biomass production generates net power per unit area of 0.5 W/m2 and that your consumption of energy is 240 kWh/day. How many square meters of land would it require to provide your annual energy consumption Use the economics underly..
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