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What is the law of marginal diminishing utility? We learned it in class today and I understood it a little bit but need more of an explanation.
Business Economics, Economics
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A standard deck of cards contains 52 cards. (a) Compute the probability of randomly selecting a three or ten. (b) Compute the probability of randomly selecting a three or ten or two. (c) Compute the probability of random ...
Sixty percent of adults have looked at their credit score in the past six months. If you select 31 customers, what is the probability that at least 25 of them have looked at their score in the past six months?
Of the people who fished at Clearwater Park today, 45 had a fishing license, and 5 did not. Of the people who fished at Mountain View Park today, 36 had a license, and 4 did not. (No one fished at both parks.) Suppose th ...
How do bribery and corruption influence the economy negatively? Answer and explain three major impacts.
Let X denote the number of spots on a single throw of a fair 6-sided die. Find the mean, variance, and standard deviation of X. If you can, relate the mean and variance to the mean and variance. the possible values on th ...
Que Using appropriate diagrams, explain the likely impact of President Trump's proposed protectionist policies on macroeconomic equilibrium in Australia and the USA in the short term and in the long term. Please provide ...
Why are ideas of "modernization" (cohn, 107) and "progress" so important to the post-World War II.
Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. a. If the price level rises to 1.15 in year 2, what is the new value of the dollar? b. If, instead, the price level falls to 0 ...
Suppose the production function for a firm is given by: q=4L 0.5 K 0.25 . In the short run, the firm has 16 units of capital. Find the Marginal Product of Labor (MP L ). Fill in the appropriate numbers in the function ...
How does a histogram help us know the probability of getting a certain value for a variable? In other words how does the histogram relate to probability?
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