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Lucinda buys a new gaming system for? $500. She receives consumer surplus of? $175 from the purchase. How much does Lucinda value her GPS? system?
Business Economics, Economics
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If I am given the following functions for supply & demand Demand: P = 50 -.25Q Supply: P = 0.1Q What would the competitive market equilibrium be if the government imposes a subsidy of $6.
Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...
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Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $125,000 in year one and increase by 3.5% each year through year five. What is the equivalent annual worth of the mainte ...
A particular manufacturing process is known to produce 0.3 proportion defective items. Suppose that a sample of 10 items produced by this process are selected at random. (a) The probability that the sample will contain e ...
If unemployment rate is 5.5% and underemployed, unemployed and discouraged workers is 8.4%. What is % of underemployed and discouraged. Is it as easy as just 8.4-5.5?
Determine the minimum sample size required when you want to be 95% confident that the sample mean is within one unit of the population mean. Assume a standard deviation of 4.3 in a normally distributed population.
Fiona told her friend that she is very fortunate as the slow-down in the economy has not decreased sales in her grocery store by much compared to sales of new cars in his car dealership. Explain what Fiona meant using th ...
What are three ways that even every forecast model should be evaluated to obtain the best forecast result.
What is the supply curve, how do you apply the law of supply in economics?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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