Other Economics Answers

According to Rostow stage of model is it true that the middle stage is the stage of take-off

If a random variable has a probability density

𝑓(𝑥)={0 𝑓𝑜𝑟 𝑥≤0𝑘𝑥𝑒−4𝑥𝑓𝑜𝑟 𝑥>0

Then find k and the probabilities that it will take on a value

a) Between 2 and 4

b) Greater than ¼

A consulting firm rents taxis from three agencies , 20% from agency A, 20% from agency B and 60% from agency C. if 10% of the taxis from A, 12 % of the taxis from B, and 4% of the taxis from C have bad tires.

a) What is the probability that the firm will get a taxi with bad tires?

b) What is the probability that a taxi with bad tires rented by the firm came from agency A?

sony advertisement also created a solution which suitable for all generation, all genders and culture what does the advertisement in fig 04 make us to believe? a)Time saving b)portable c) professional d)social status

If you work as an advisor for firm A (Good X) and firm B (Good Y), when the income of consumer increase during the economic boom, what is the best advice you should give to the firm owner for good X and good Y as to what to do with the volume of production - should the firm raise their volume even more or just a little? Why

Cross-price elasticity between UAV cameras and drones is negative 2.5 when the price of drones drops. Explain what this means in terms of the relationship between the two products. The forecast is that the price of drones will keep dropping - what advice would you have for the UAV camera maker? Why?

The owner of the firm wants to maximize revenue for each product, so she asks Kai to calculate the value of elasticity and he (Kai) asks you (ace economics student) to calculate price elasticity of demand for both products and advice Kai which price to charge based upon your economics knowledge!

suppose that flying a 70 seat cost $7000. this simply means that the average cost of each seat is $100. this economically means that the airline should not sell a ticket for less than $100. if however, the plane is about to take off with 10 empty seats and stand by passengers are waiting at the gate willing to pay $70. instead of the plane taking off with 10 empty seat, the airline,allows the stand by passengers to fill up the plane at $70 and were set to take off. kindly apply principles of economics to explain the scenario

How to disbursed the income and losses among the cooperative member?

Make a organizational map and how many human resources are required to run that organisation. State the personality values you would require in your employees