Describe the difference in economic profit
Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run? Which should take longer to reach long-run equilibrium.
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Students will construct a well-diversified portfolio using an initial investment stake of $50,000 (the portfolio should use 95% of the fund, but they may not use more than $50,000).
Suppose we draw 13 cards out of a deck of 52. What is the expected value of the number of aces we get?
Suppose a point (X,Y) is chosen at random from the disk x^2 + y^2 is less than and equal to 1. Find the a) marginal density of X and b) the conditional density of Y given X = x.
Predict one major change in the U.S. financial environment that may likely occur within the next five years, indicating its impact to the economy and businesses.
A 11µ F capacitor is joined in series with a 35µ F capacitor and a 12 Volts battery. A) What is the potential difference across the first capacitor?
Samples were collected from two ponds in the Bahamas to compare salinity values (in parts per thousand). Several samples were drawn at each site.
If there are no excess reserves in the banking system and $1 billion in new reserves are created by the federal reserve, what should happen to the supply of money?
Calculate the ratio of the drag force on a passenger jet flying with a speed of 1100 km/h at an altitude of 10 km to the drag force on a prop-driven transport flying at two-thirds the speed and half the altitude of the jet.
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