Illustrate the budget constraint for hamburgers
Illustrate the budget constraint for hamburgers and hotdogs when your income is $20, the price of hotdogs is $1 each and the price of hamburgers is $2 each.
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Discuss how might this affect a nation's economic growth if the government were to make university attendance mandatory and subsidize tuition costs with tax dollars.
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An unfair coin having probability of showing Head p is flipped 6 times. Suppose that all the tosses are independent. Determine the probability that the coin will show Head 4 times and Tail 2 times?
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