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Tusar Chandro

Tusar C.

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Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. a. Draw Maria's production possibilities frontier for reading economics and sociology. b. What is Maria's opportunity cost of reading 100 pages of sociology?

Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. a. Draw Maria's production possibilities frontier for reading economics and sociology. b. What is Maria's opportunity cost of reading 100 pages of sociology?

Principles of Economics

How are the wavelength and frequency of light related to one another?

Introductory Chemistry: An Atoms First Approach

Electrons And The Periodic Table

The Nature Of Light
Describe a hypothesis in your own words.

Describe a hypothesis in your own words.

Introductory Chemistry: An Atoms First Approach

Atoms And Elements

The Study Of Chemistry
Refer to the KP\&L sample points and sample point probabilities in Tables 4.2 and 4.3 a. The design stage (stage 1 ) will run over budget if it takes 4 months to complete. List the sample points in the event the design stage is over budget. b. What is the probability that the design stage is over budget? c. The construction stage (stage 2) will run over budget if it takes 8 months to complete. List the sample points in the event the construction stage is over budget. d. What is the probability that the construction stage is over budget? e. What is the probability that both stages are over budget?

Refer to the KP\&L sample points and sample point probabilities in Tables 4.2 and 4.3 a. The design stage (stage 1 ) will run over budget if it takes 4 months to complete. List the sample points in the event the design stage is over budget. b. What is the probability that the design stage is over budget? c. The construction stage (stage 2) will run over budget if it takes 8 months to complete. List the sample points in the event the construction stage is over budget. d. What is the probability that the construction stage is over budget? e. What is the probability that both stages are over budget?

Statistics for Business and Economics

Questions asked

INSTANT ANSWER

4. For a monopolistic firm producing three related goods when the demand functions and cost function are: \[ \begin{array}{c} P_{x}=180-3 x-y-2 z \\ P_{y}=200-x-4 y \\ P_{z}=150-y-3 z \\ T C=x^{2}+x y+y^{2}+y z+z^{2} \end{array} \] A. Use matrix inversion for the first-order condition for profit maximization B. Also solve the first-order condition using Cramer's Rule. C. Use the Hessian to check the second-order condition.

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INSTANT ANSWER

2 A firm produces two goods, \( x \) and \( y \), in pure competition. The price of \( x \) is \( \$ 15 \) and the price of \( y \) is \( \$ 18 \). Two goods are technically related in production and the total cost function is \[ T C=2 x^{2}+2 x y+3 y^{2} \] Maximize profits for the firm using A Matrix inversion rule for the first-order condition and B The Hessian for the second-order condition 4

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INSTANT ANSWER

3. Consider an economy described by the following structural equations \[ \mathrm{Y}=\mathrm{C}+\mathrm{I}+\mathrm{G}, \quad \mathrm{C}=\mathrm{Cg}+\mathrm{c}(\mathrm{Y}-\mathrm{T}), \mathrm{J}=\mathrm{lg}-50 \mathrm{r} \] where, \( Y=5000, G=T=1000, G g=250, l u=1000 \) and \( c=0.75 \) (a) Compute private, public and national savirg (b) Find the equilibrium interest rate (c) Now suppose that \( G \) increases to 1250 . Compute private savings, public savings and national savings. (d) If ICOR is 3 , what wou^d be the growth rate? Using rule of 70 , estimate the time double the national income.

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ANSWERED

Crystal Wang verified

Numerade educator

1. (a) What are the ten principles of economics? (b) Below are some data from the land of milk and honey? | YEAR | PRICE OF MILK/liter | QUANTITY OF MILK/liter | PRICE OF HONEY/lb | QUANTITY OF HONEY/lb | | :--- | :--- | :--- | :--- | :--- | | 2001 | $10 | 100 | $2 | 50 | | 2002 | $10 | 200 | $2 | 100 | | 2003 | $20 | 200 | $4 | 100 | (a) Compile nominal GDP, real GDP and the GDP deflator for each year using 2001 as the base year. (b) Compile the percentage change in nominal GDP, real GDP, and the GDP deflator in 2002 and 2003 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense. (c) Did economic well-being rise more in 2002 or 2003? Explain.

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INSTANT ANSWER

b) Suppose, a food stall at Hakim Chottor sells 1000 plates of tehari, 600 plates of khichuri and 1200 plates of fried rice per week. The selling prices are 45,60 and 50 taka respectively whereas, the costs are 38,42 and 32 taka. Find the weekly profit of the stall using, i) total concepts and ii) per-unit analysis to prove that matrix multiplication is distributive. (Apply matrix operations to solve this question.) (5)

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ANSWERED

2., a) Use matrix inversion to solve for the unknowns in the system of linear equations given below. (5) \[ \begin{array}{l} 2 x+4 y-3 z=12 \\ 3 x-5 y+2 z=13 \\ -x+3 y+2 z=17 \end{array} \] b) Suppose, a food stall at Hakim Chottor sells 1000 plates of tehari, 600 plates of khichuri and 1200 plates of fried rice per week. The selling prices are 45, 60 and 50 taka respectively whereas, the costs are 38,42 and 32 taka. Find the weekly profit of the stall using, i) total concepts and ii) per-unit analysis to prove that matrix multiplication is distributive. (Apply matrix operations to solve this question.)

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