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Let f(x) = ( x^3/5000)(10 - x) and x be a variable contained in the interval [0,10] and f(x) = 0 for any other value of x. a. Prove that f(x) is probability density function. b. Find its cumulative distribution function. c. find p(1<=x<=4) d. show that P(x=6)=0 e. draw a diagram that correctly resembles each of the case (c, d, e)
the demand for labor is said to be a derived demand. what is the meaning of a derived demand? how does this concept
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A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery.If cosmetic surgery is an elastic service, is she correct in her assumption.
Explain why in a perfectly competitive market the firm is a price taker. Why can't the firm choose the price at which it sells its good and Leskeista produces table lamps in the perfectly competitive table lamp market.
1. a taxicab company maintained accurate records of the expenses for one of its automobiles from january 1 1996
Are poor countries somehow different than wealthy countries - How can firms and markets increase the wealth of poor countries? Be sure to address each question in the problem.
What market structure best characterizes the market in which universities compete? How does this structure influence the university's pricing strategy?
Social Security & Medicare programs are sometimes known as: A major difference between social insurance and income assistance programs is that: The primary reason that poverty declined is:? The wage gap between minority and non-minority workers?
If we assume that wage differences are caused solely by differences in productivity, how many times more productive was the average worker than a worker being paid the Federal minimum wage?
What is the formula for calculating the unemployment rate?
Two of the major macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment Rate" and "the rate of Inflation".
Discuss the characteristics of the airline industry within this framework. Does your selected market force result in higher or lower airline profits?
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