The probabilities of X, Y and Z becoming managers are 4/9, 2/9 and 1/3 respectively. The probabilities that the Bonus Scheme will be introduced if X, Y and Z becomes managers are 3/10, 1/2, and 4/5 respectively. (i) What is the probability that Bonus Scheme will be introduced, and (ii) if the Bonus Scheme has been introduced, what is the probability that the manager appointed was X ?
Q: (3) A firms production function is Q(L) =15L' -0.1Ľ' , where output (Q) is a function of a single in...
A: Answer: Given, Production function: QL=15L2-0.1L3 (1). To find the number of workers required to max...
Q: Answer the question on the basis of the following table for a particular country in which C is consu...
A: Real GDP = C + I + G + X - M Price Level C I G X M Real GDP 128 18 2 3 1 5 19 125 20 4 3 2 4 ...
Q: a. A social cost is applied to the monopolist market structure. Why does this occur? If the gains pr...
A: A social cost is a deadweight loss i.e. it is welfare loss for the society as a whole.
Q: Now draw a supply-and-demand diagram for the liquor market with the tax. Show the price paid by cons...
A: Answer -
Q: In the figure below, Sai is the long-run domestic supply curve of oil without considering the climat...
A: A country becomes an importer when the world price is less than equilibrium price.
Q: (Figure: Market) A quota of 25 units is placed on the market that is shown in the figure. The quota ...
A: The markets are the place where the buyers of the goods, and services tend to meet and interact with...
Q: b. Bette's auto insurance will pay the cost of a new windshield if her current one breaks. c. Cory's...
A: In this case, various statements have been provided for which it is mentioned to be categorized unde...
Q: a. Johnson's pig farm faces a demand curve given by Q = 40 - 2P and has a constant marginal and aver...
A: (i) We complete the table, by using the following formula: Step 1: Put the respective value of Q in ...
Q: Assume the market interest rate is 8% per year and inflation averages 5% per year. calculate the per...
A: those type of items that have a limited life, their perpetual equivalent annual worth is essentiall...
Q: Notice that real GOP trends upward over time but experiences ups and downs in the short run. A perio...
A: Real GDP is a macroeconomic statistic that measures the value of the goods and services produced by ...
Q: 11. _is power based on the ability to distribute something that others value a. Coercive power b. Re...
A: 11. The answer is b. Reward power. Reward power is power based on the ability to distribute s...
Q: Consider the compound interest equation B(t) = 100(1.1664)'. Assume that n = 2, and rewrite B(t) in ...
A: Answer -
Q: Suppose that the equilibrium real federal funds rate is 5 percent and the target rate of inflation i...
A: Inflation is the rate at which the value of a currency is falling and, consequently, the general lev...
Q: If E$/C$ e = 1.54, E$/C$ = 1.36, and TCA = 2%, What should TUS be if relative PPP holds? a. 1.87% b....
A: The inflation rate means the increase in the average price level of goods and services over a period...
Q: 9.3 (LG 9.1, 9.2) Find the present worth today in real value corresponding to the cur- rent values s...
A: Given: Inflation rate=4% Interest rate=4% Note: Due to multiple subparts being posted, the first thr...
Q: Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 ...
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...
Q: The budget constraint displays a price of good Y equal to $3.00 and a price of good X equal to $3.00...
A: Price of good X is $3 Price of good Y is $3 Bundle A consists of 16 units of good X and 10.67 units ...
Q: 48 44 40 Supply 36 32 28 24 20 16 12 Demand 5 10 16 20 26 30 36 40 45 50 55 60 QUANTITY Refer to Fig...
A: Economically speaking, the phrase "tax incidence" (or "tax incidence") refers to how a tax burden is...
Q: draw James leisure demand curve. Which effect, substitution or income, is larger for him? James' lei...
A: James James Xiao Xiao price of og wage leisure other goods leisure other good...
Q: Explain how a discriminating monopolist allocates his output in two markets and charges different pr...
A: I f there are two markets , a discriminating monopolist will try to maximize his profit in each mark...
Q: Determine the interest rate per period for each of the following annual interest rates. A. 12% inter...
A: The given values are as follows: Interest rate = 12% Number of interest periods = 2
Q: In a supply and demand model, excise taxes on goods and services cause deadweight loss because: O th...
A: A direct tax is one that is paid directly to the institution that imposed it. Individual taxpayers, ...
Q: 2. What is rent seeking? 3. What is market failure?
A: Rent seeking often results in inefficiencies in the market. It creates pricing disadvantages for the...
Q: Suppose that a consumer can earn a higher wage rate for working overtime. That is, for the first q h...
A: a) The diagram underneath portrays the ideal decision of utilization and leisure. The lack of intere...
Q: Find the present value of an annuity of $1200 payable at the end of each 6 months for 3 years when t...
A:
Q: Acording to the IMF's Review of Exchange Rate Agreements, Restrictions, and Controls from November 2...
A: IMF's Review of Exchange Rate Agreements, Restrictions, and Controls from November 2007 As per IMF r...
Q: Price S1 20 18 16 14 SO 10 Demand 300 400 500 1000 Quantity Suppose that the market in the graph abo...
A: Taxes are unintended fees placed on individuals or companies and levied by a government agency – reg...
Q: Suppose the local authorities wanted to achieve a more drastic reduction in total pollution of 75 to...
A: Introduction Here local authorities wants to reduce total pollution. a) Suppose 35 permits issues to...
Q: Consider the same marginal revenue functions. Suppose now that teams must share 40% of their reven...
A: as given in the question,. marginal functions are same, MRL = 125 - 125 WL MRS = 65 - 65 WS
Q: (constant dollars) Proouctvty uing 2010 chogy $120,000 00.000 60.000 Productty using 1H6 technsingy ...
A: The production function depicts the technical association between the quantities of output (Q) that ...
Q: is power based on the ability to distribute something that others value a. Coercive power b. Reward ...
A: The correct answer is given in the second step.
Q: Please solve using a national income accounting: An increase in disposable income will increase in ...
A: National income means the total factor income earned by country's national income during an accounti...
Q: Plotted through point E are two demand curves; one is relatively elastic, and the other is relativel...
A: The kinked demand curve represents the independence of firms in an oligopoly market. The kink of the...
Q: Discuss the following : Nominal national income and real national income in Oman.
A: National income: National income can be defined as the generation of output in a year, if there are ...
Q: For each of the following years, determine the real interest rate. Find the difference between this ...
A: Please find the answer below.
Q: In each of the following cases, calculate the values of MPC, MPW, and the spending multiplier. Enter...
A: Spending multiplier: - it is a fraction that shows the magnitude of the change in national income du...
Q: b. The change that takes place between 2018 and 2019 could be caused by (Click to select) v stabiliz...
A: Please find the answer below.
Q: Does a change in technology lead to a shift in the demand curve? Why, or why not? Your answer cannot...
A: Actually in the given question the change in technology or the technological progress always allows ...
Q: Answer the next question(s) on the basis of the following 2004 balance of payments data (+ and -) fo...
A: Balance of trade is the difference between the value of Exports and Value of Imports also Balance of...
Q: Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the ...
A: The equilibrium is established where the demand and supply forces are equal. the change in the deman...
Q: 11. An increase in the exxpected price supply and demand for corn: a. increase both the demand and t...
A: The economic dynamics that decide what providers are willing to create and what buyers are willing a...
Q: The Law of Diminishing Utility: For example, I consume too many apples. Until I eat the fifth one, I...
A: The law of diminishing marginal utility basically refers that as consumption increases, the marginal...
Q: If the reserve ratio is 10% and excess reserves increase by $1,000, what is the maximum possible inc...
A: Answer: Given, Reserve ratio = 10% = 0.1 Change in excess reserve = $1,000 Change in deposits=deposi...
Q: In the figure below, Sai is the long-run domestic supply curve of oil without considering the climat...
A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity d...
Q: A purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000 every 3 ...
A: Down payment amount = P350000 Annuity or the installment amount = P35000 Interest rate = 12% Three m...
Q: If the price of a good increases by 10% and the quantity supplied increases by 30%, what is the elas...
A: Given: % Increase in price=10% % Increase in quantity supplied=30%
Q: Sellers are willing to sell their product at a very low price even it high priced items cost more? W...
A: We know that price of goods and services are determined by the market forces interaction . It is det...
Q: At full employment, the expected inflation rate is A. higher than the inflation rate O B. equal to t...
A: Full employment refers to an economic condition in which all available labour resources are being em...
Q: Which of the following will not cause an increase in equilibrium GDP? a) an increase in government e...
A: According to the expenditure approach of calculating national income, Y= C+I+G+NX C is the domestic...
Q: Distinguish between autonomous and accommodating balance of payment transaction..
A: Balance of payment transaction usually denotes the exports and imports of good, capital and the serv...
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
- The probability distribution of the daily number of customers at the YumYum is given below. Daily number of customers Probability 20 0.2 40 0.3 60 0.4 80 0.1 What is the probability that on a given day the YumYum has less than 70 customers? Group of answer choices 0.1 0.8 0.9 0.5 thanks for helpA regional automobile dealership sent out fliers to perspective customers indicating that they had already won one of the three different prizes: automobile valued at $25,000, a $100 gas card, or a $5 Walmart shopping card. To claim his or her prize, a prospective customer needed to present the flier at the dealership’s showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31,748, the chance of winning the gas card was 1 out of 31,748, and the chance of winning the shopping card was 31,746 out of 31,748.How many fliers the automobile dealership sent out? Please explain. Using your answer to above and the probabilities listed on the flyer, what is the expected value ofthe price won by a prospective customer receiving a flyer? Demonstrate all necessary steps. Using your answer to the first question and the probabilities listed on the flyer what is the standarddeviation of the value of the price one by the…Question 2An investor is to purchase one of three types of real estate, as illustrated inFigure below. The investor must decide among an apartment building, anoffice building, and a warehouse. The future states of nature that willdetermine how much profit the investor will make are good economicconditions and poor economic conditions. The profits that will result fromeach decision in the event of each state of nature are shown in Table below: Assume that it is now possible to estimate a probability of 0.60 that goodeconomic conditions will exist and a probability of .40 that poor economicconditions will exist. a) Determine the best decision by using expected opportunity loss. b) Develop a decision tree, with expected values at the probability nodes. c) Compute the expected value of perfect information.
- A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this price throughout the year is 65% while that of less or more than 10% expected are 15% and 20%, (a) what is the probability that the selling price for that year is more than the expected price?2.4 The opening 2018 World Cup odds against being the winning team specified by espn.com were 9/2 for Germany, 5/1 for Brazil, 11/2 for France, 20/1 for England, and 7/1 for Spain. Find the corresponding prior probabilities of winning for these five teams.using 'standard Normal Table ' , calculate the following probabilities. 1. Pr(z < -1.12) 2. Pr(z >2.32) 3.pr(1.22 < z >2.53) 4.pr(-3.22 < z < 0.22) 5.pr(-2.36 < z < -0.50)
- A company that manufactures and sells T-shirts for sporting events, is providing shirts for an upcoming tournament. Each shirt will cost $7 to produce and will be sold for $13. Any unsold shirts at the end of the tournament can be sold for $5 apiece in the near future. The company assumes the demand for the shirts will be 1,500,3,000,4,500, or 6,000. The company also estimates that the probabilities of each of these sales levels occurring will be 20%, 25%,25%, and 30%, respectively. Determine the expected monetary value of the project if the company chooses to print 4,500 shirts for the tournament. The expected monetary value is---- (Type a whole number.)Using the standard normal distribution table, compute the following probabilities P(Z ≥1.92) is:They need to be probabilities and there should be six answer 1-a-b etc
- The data from 200 machined parts are summarizedas follows:y yesdepth of boreE, noabovebelowedge conditioncoarsetarget15target10moderatesmooth25205080(a) What is the probability that a part selected has a moderateedge condition and a below-target bore depth?(b) What is the probability that a part selected has a moderateedge condition or a below-target bore depth?(c) What is the probability that a part selected does not have amoderate edge condition or does not have a below-targetbore depth?(d) Construct a Venn diagram representation of the events inthis sample space.Suppose that there are two types of workers: high and low. Employers cannot distinguish between different types during an interview. Employers value high type at $200,000 and low type at $100,000. Employers are in a competitive market (i.e. zero profit applies). High type workers have a reservation wage of 140,000 and low type workers have a reservation wage of 80,000. Suppose that 50% of all workers are high type. The productivities, reservation wages, and the probabilities are common knowledge). What wage would the employers offer? Please explain the solution!A property owner is faced with a choice of: A large-scale investment to improve her flats. This could produce a substantial pay-off in terms of increased revenue net of costs but will require an investment of 1.4 million pesos. After extensive market research it is considered that there is a 40% chance that a pay-off of 2.5million will be obtained, but there is a 60% chance that it will be only 800,000 pesos. A smaller scale project to re-decorate her premises. At 500,000 pesos this is less costly but will produce a lower pay-off. Research data suggests a 30% chance of a gain of one million pesos but a 70% chance of being only 500,000 pesos. Continuing the present operation without change. It will cost nothing but neither will it produce any pay-off. Clients will be unhappy and it will become harder to rent the flats out when they become free. What is the best alternative? Use decision tree analysis.