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What is the probability of selecting exactly 54 black cards in 99 selections from a deck of cards, if each card is replaced in the deck before the next is selected
Microeconomics, Economics
Question: In 1980, the inflation rate in the US was 12.5%. At that time, the consensus outlook claimed inflation could not decline by more than 1% per year. That turned out to be incorrect, as it fell to 3.8% in 1982 and ...
Question: Suppose that i_NY = 2%, i_London = 6%, xa = -1%, and RP = 2%, where i_NY (i_London) denotes the interest rate in New York (London), xa denotes the expected appreciation of the foreign currency (i.e., the pound) ...
Question: Draft a one-page spreadsheet showing financial history and projected performance for the company: 'Nordstrom'. The rows should include revenue, expenses, calculated profit, and calculated profit margin. The col ...
Question: Mr. Paul is consuming products X and Y optimally and deriving total utility of 10 utiles. when his budget is increased from K80 to k81, his utility increases from 10 utiles to 10.1 utiles. a) what is the margin ...
Question: Suppose the production function for a competitive firm is Q = K .75 L .25 . The firm sells its output at a price of $32 and can hire labor at a wage rate of $2. Capital is fixed at 1 unit. a. What is the profit ...
Question: Visualizing global economic issues: The effects of an import quota In which industries do you suppose policymakers are more likely to impose quotas: goods or services? Why? Management notebook: U.S. taxpayers s ...
Question: A company puts $25,000 down and will pay $5000 every year for the life of a machine (10 years). If the salvage value is $0 and the interest rate is 10% compounded annually, what is (most nearly) the present val ...
Question: 1. Do you think that the change in fuel consumption can be attributed to the carbon tax?What other things do you think played a part in the change? 2. What are some good that are regulated by the free market? w ...
Question: During the 1990s, the age cohort that grew the most rapidly was the 45-54 cohort, which has the highest saving rate. Yet during that same period, the personal saving rate as reported by the BEA declined sharply ...
Question: Is a tax on margarine efficient in the economic sense of the term? Why would margarine producers prefer to have an excise tax impose on both butter and margarine? Would such a tax be more or less efficient than ...
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