Problem set 3 (Answer) 7.6. A farmer uses three inputs to produce vegetables: land‚ capital‚ and labor. The production function for the farm exhibits diminishing marginal rate of technical substitution. a) In the short run the amount of land is fixed. Suppose the prices of capital and labor both increase by 5 percent. What happens to the cost-minimizing quantities of labor and capital for a given output level? Remember that there are three inputs‚ one of which is fixed. b) Suppose only the cost
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Question 1 How can graphics and/or statistics be used to misrepresent data? Where have you seen this done? Answer: It is a well known fact that statistics can be misleading. They are often used to prove a point and an easily be twisted in favor of that point. Statistics‚ graphics and database are used in medical field to approve‚ prove or disapprove theories‚ analysis and interpretation of ailments‚ medications and its impact and treatment and its effectiveness. As noted by Nursing Research (2011)/
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Major problems young couples face Many young couples rush to marry because they believe they’re ready for the long-term commitment. Unfortunately‚ young couples are at a higher risk for divorce than couples who marry later in life. A large percentage of young married couples face more issues in their marriage including financial burdens‚ family pressure‚ footless expectations‚ incompatibility of temperaments and adultery. Financial problems are one of the most difficult aspects of a marriage. If
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Problem Set 3 1. Louise McIntyre’s monthly gross income is $2‚000. Her employer withholds $400 in federal‚ state‚ and local income taxes and $160 in Social Security taxes per month. Louise contributes $80 per month for her IRA. Her monthly credit payments for VISA‚ MasterCard‚ and Discover card are $35‚ $30‚ and $20‚ respectively. Her monthly payment on an automobile loan is $285. What is Louise’s debt payments-to-income ratio? Is Louise living within her means? Louise’s Gross Income | =
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(Databases behind MySpace‚ CH-6) Discuss the impact of data quality problems on MySpace as described in this case study. How did they solve their data problems? What management‚ organization‚ and technology issues had to be addressed? 1) - Discuss the impact of data quality problems on MySpace as described in this case study. Since the Site was launched in 2003‚ the social network site “MySpace” has become the world’s leading social portal for connecting people who relate in connection with its
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Case Problem 3: Hart Venture Capital 1. Let S = fraction of the Security Systems project funded by HVC M = fraction of the Market Analysis project funded by HVC Max 1‚800‚000S + 1‚600‚000M s.t. 600‚000S + 500‚000M ≤ 800‚000 Year 1 600‚000S + 350‚000M ≤ 700‚000 Year 2 250‚000S + 400‚000M ≤ 500‚000 Year 3 S
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Farming in The Bahamas has many problems. List and explain FOUR problems the farmers face in The Bahamas. Give suggestions to help the farmers solve these problems Four problems farmers in The Bahamas face First: The problem that most farmers face today is the lack of Farming in knowledge the general public has about modern procedures. Modern farming procedures have less impact on the environment than methods widely used early in the 20th century. Soil erosion inhibitors‚ soil carbon monitoring
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← Older posts How to Get a Record Deal Posted on July 13‚ 2010 by admin INKED! 10 Tips from Entertainment Insiders on What Gets You Signed! “While working at Universal/SRC‚ my ex boss used to say‚ the easiest thing is‚ getting signed” -Monique Baines The phone rings and on the other end is a voice‚ that can’t quite express himself‚ at least not intelligently. The typical random caller to the label that wants to “sign” his artist usually says something like “Uuh…my name is blah blah….and uh
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Secondary storage (optical) Table of contents Why was secondary storage needed? 1 Different types of optical discs: 1 1‚ CD (compact disc): 1 2‚ DVD (digital versatile storage) 2 3‚ Blu-Ray Disc (BD): 3 Which type of recordable disc should I choose: 3 Understanding the difference between the Live File System and Mastered disc formats: 3 Discs formatted with the Live File System option: 3 Discs formatted with the Mastered option: 4 Questions from students: 4 References: 5
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continents‚ Europe and Asia‚ the population‚ of 165 million people‚ contained a wide variety of ethnic groups of different race‚ language‚ religion and culture. Controlling this large multi-ethnic empire over such a vast territory had long been a major problem to the Russian government‚ leading many times the tsars to adopt a policy of ’Russification’ – insisting on the spread of the Russian culture‚ especially the use of the Russian language. This type of repression was possible because of the politycal
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