Billy Ray works for Big City Planning where he is covered by the employer's qualified profit sharing retirement plan. Billy earns $70,000 a year and is single. How much can Billy contribute to a traditional IRA? What is ...
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Julian is in pain! He needs to purchase Advil to feel better. Julian has $12 to spend on medication. Suppose that he can buy Advil in two dosages: 200mg and 400mg. Julian only cares about getting better and not about the ...
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How the Manager use the information "supposed the macroeconomic forecast predict that the economy will be expanding in the near future" in an organization?
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Without doing any math, or drawing a graph, which is bigger, compensating variation or equivalent variation for a tax? Consider an individual with Cobb-Douglas preferences over some good and all other goods. In what sens ...
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Suppose that the government gives a $10 per unit subsidy to sellers of Humbugs. The pre-subsidy price of Humbugs was $50. There are no additional social benefits to encouraging the consumption of Humbugs. If, at the orig ...
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First two questions, Demand: Q d = 175-.5*P Supply:Q S = 1.923*P - 163.462 There is a $50 unit tax on the supplier side. what is the new equilibrium price? I know the new price is 179, looking for the formula explainin ...
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You spoke with 10 people you know and found that they went out 3, 2, 1, 5, 4, 2, and 3 times last week. You then would choose to calculate a 95% (or another level) confidence interval for the population mean.
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Each of the following lists has an average of 50. For which one is the spread of the numbers around the average biggest?smallest? a. 0, 20, 40, 50, 60, 80, 100 b. 0, 48, 49, 50, 51, 52, 100 c. 0, 1, 2, 50, 98, 99, 100 Gu ...
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If you are tossing a fair coin 10 times, what is the probability of getting exactly 9 heads out of the 10 coin tosses?
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The probability that a regular scheduled flight departs on time is .83; the probability that it arrives on time is .82; and the probability that it departs and arrives on time is .78. Find the probabilty that a plane arr ...
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