1.Explain the concept of rationality in respect to financial markets.

2.Explain how, according to Shleifer (2000), supporters of EMH reconcile irrationality with efficient markets in the case of:

i)Uncorrelated trading strategies

ii)Correlated trading strategies

3.According to neoclassical theories, prices are always set according to asset risk (The CAPM). What are the behavioural implications of this assertion?

What contemporary global issue topic to tackle in making a position paper?

Kindly give the following reasons and additional information about why it is essential.

I will use your advice in making a position paper that requires 2000 words

You can put it in bullet form at least 8 bullets. explain it as clear as you can.

Automatic like if satisfied.

The lifetime of a particular bulb is a random variable with an average of μ = 2000 hours and a standard deviation of σ = 200 hours.

(c) Calculate the probability that a bulb will last more than 2300 hours if it lasts longer than 2100 hours.
(d) Calculate the probability that a bulb will last less than 2150 hours if it has lasted more than 2050 hours.

1. A product sells for $5 per unit.  The variable cost of production is $3 per unit.  Total fixed costs per year are $1000, including depreciation expense of $200. What is the cash flow breakeven point in units and in dollars?

   	A.	400 units and $2000.
   	B.	267 units and $1333.
   	C.	500 units and $2500.
   	D.	333 units and $1665.

your manager has asked you to analyze the purchase of some dump trucks. each truck will cost 45000$ and have an operating and maintenance cost starting 15000$ the first year and increase by 2000$ per year. assume the salvage value at the end of 5 years is 9000$ and interest rate 12% . what is the equivalent annual cost of each truck

A certain test for a particular type of cancer is known to be 95% accurate. A person takes the test and the results are positive. Suppose the person comes from a population of 100,000 where 2000 people suffer from that disease.

What if the person takes a second test and result is still positive, what can we conclude about his odds of having cancer?

Rent seeking is common problem in most countries and Fiji is no exemption. According to Graborsky and Larmour (2000), rent seeking is a form of corruption and is detectable in many forms like bribery, extortion, fraud, embezzlement, etc. For economists, rent seeking creates deadweight losses which incurs welfare costs. Using graphs discuss the impact of rent seeking in the case of monopolies.

A project has an installed cost of $500,000 and requires an additional working capital investment of $100,000. The project replaces an existing piece of equipment that has an estimated salvage value of $7000 and has a book value of $2000. The firm's marginal tax rate is 40 percent. What is the Initial Outlay for this project? Answer: IO = $595,000

How do you calculate this problem?

What is the maximum angle of climb (steady velocity climb) for a turbojet powered aircraft with an (L?D)max equal to 10.5 and a gross weight of 8000 lb. if it is producing a thrust of 2000 lb.? If the aircraft using the same available thrust, wishes to establish a rate of climb equal to 1800fpm, what airspeed will it need to establish? (Assume the required thrust equals 764pounds)