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A sample of 350 lenses and found 5 lenses with surface defects. Formulate an appropriate test for the qualification of the polishing machine using an α = 0.05.
The expected value estimate is $1.5 million. The price distribution is believed to be approximately normal. What is the probability of receiving a price less than $1.2 million?
Can you conclude from this finding that a nutrition-based poverty trap does not exist for these households? Carefully explain.
While the primary focus of the Final Project should be on your firm's global operations, integrate information on the regional and national level, as well. How have they done in the past?
If cost of production is $1/unit, write down the pro t maximization problem for the rm. Suppose by law, the rm must produce at least 1 unit. What is the optimal production of the monopolist?
Suppose you deposit three equal payments into your account on January 1 of 2013, 2014 and 2015. Assuming an 8% interest rate, how large must your payments be to have the same ending balance as in Pa
What is the expected price? b. What is the standard deviation of the launch price? c. What is the probability of receiving a price less than $1.2 million?
How can the Fed keep the economy from falling into a recession if the budget deficit is reduced? Use the IS-LM model to illustrate graphically the impact of both the fiscal policy.
Find the economic profit and accounting profit of Charlie's business and explain whether or not he would stay in business.
Draw a current budget constraint for an assumed single mother (net of child care costs), and then draw in the new constraint. Discuss the likely effects on labor force participation and hours of wor
In which year do you consume more Y? This should be obvious from your graph in (a), assuming your graph is correct.
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production. Calculate the following: Marginal rate of technical substitution.
It is now January 1, 2012; and you will need $1,000 on January 1, 2016, in 4 years. Your bank compounds interest at an 8% annual rate? How much must you deposit today to have a balance of $ 1,000 on
If you were comparing the costs of loans from different lenders, could you use their APRs to determine the loan with the lowest effective interest rate? Explain.
The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by the interest rate, I: PV= PMT/I. What is the future value of a perpetuity of PMT dollars per year?
The end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?
What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?If yo udeposit money today in an account that pays 6.5% annual interest.
The fact that the total cost function takes the value 100 at Q=0 tells you something about variable cost. find the firm's average variable cost function.
How much will be in your account after 5 years? What is the present value of a security that will pay $5,000 in 20 years if secuities of equal risk pay 7%?
If you introduce the new product and your rival does not clone, you will make $100 million and your rival will make $0. Set up the extensive form of this game.
This shuttle component functions successfully provided that at least one of the n systems functions properly. Find the probability that this shuttle component functions successfully if n - 2.
The market with identical generic versions of Zatab. What price and quantity will result once the patent expires and competition emerges in this market? Explain your answer.
Second republic bank currently has $150,000 in demand deposits and $45,000 in outstanding loans. Use this information to find reserves, required reserves, and excess reserves.
Why might price collusion occur in oligopolistic industries? Assess the economic desirability of collusive pricing. What are the main obstacles to collusion?
Were past societies in human history more ecological than our society today? What is the most ecological society today? Which societies or cultures do you think will become the most ecological and