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The variable frequency drive (VFD) for a 290 hp motor costs $19100. How much will the drive for a 115 hp motor cost if the cost-capacity exponent is 0.642?
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Business Economics, Economics
Suppose the quantity of fish purchased by Mr Singh family is 21 kilos per year when the price is $11.50 per kilo and 17 kilos per year when the price is $20.50 per kilo. Calculate the price elasticity of demand coefficie ...
In a sample of 200 college students, 87 come from out of state, 100 live on campus, and 63 come from out of state and live on campus : Draw a Venn diagram for this data Find P(I pick a student who come from out of state ...
Who developed a theory of distribution within capitalism? What is the basic assumption of classical theory? What is the basic assumption if Marxian Theory? What are the classical theory's views on individual choices and ...
Suppose an industry that has n1 = 2 firms each with a supply curve S1(p) = 2p-8, and n2 = 4 firms each with a supply curve S2(p) = p-2. Construct the industry supply curve and plot it on a graph.
You have developed a paper-pencil survey that you claim measures "love of pets." To establish its validity, you do the following: correlate scores on it with the number of pets a person has; correlate scores on it with h ...
Please discuss the following: As demand increased for these mortgage backed securities, lenders reacted by relaxing their approval standards to increase production. No longer were "all" borrowers required to document the ...
Last month, Jane took a random sample of NYUstudents and asked, "Are you in favor of raising the minimum GPA requirements for maintaining TOPS eligibility from a 2.3 to a 2.5?" In the sample, 58% answered "Yes." Bob, the ...
Suppose you are a statistics consultant, hired to study whether a tax on alcohol has decreased average alcohol consumption in Australia. For a given sample of randomly selected individuals, you are able to obtain the dif ...
Suppose the restaurant industry is perfectly competitive and all producers have identical cost curves. The industry is currently at a long-run equilibrium, with each firm producing at its minimum long run average total c ...
A single card is randomly drawn from one standard 52-card deck of playing cards, and events C and D are as follows: C=the card drawn is a king; D-the card drawn is a heart. Find the probability of event C or event D occu ...
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