Problem Set 3 Name Problem Set 3 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 6. 1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices. Price of crackers Quantity Demanded (per month) $3 80 $2.5 120 $2 160 $1.5 200 $1 240 $1.00 - $1.50: ___$-0.45________________________________ $1.50 - $2.00: ____$_-0.77______________________________ $2.00 - $2.50: _____$_-1.28_____________________________ $2.50 - $3.00: ____$_-2
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Problem Set 1 Complete all questions listed below. Clearly label your answers. 1. The receipts and year of release of the five movies with the largest nominal box office revenues‚ along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release‚ convert the receipts for each to real dollars for the year 2010 (2010 CPI 218.1). Put the movies in order from largest to smallest real box office receipts. Movies
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Fermat’s Last Theorem Fermat’s Last Theorem states that no three positive integers‚ for example (x‚y‚z)‚ can satisfy the equation x^n+y^n=z^n if the integer value of n is greater than 2. Fermat’s Last Theorem is an example a Diophantine
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error error due to reaction time = × 100% time measured 0.3 = × 100% 10 = 3% 6 7 His total displacement is 0. With the notation in the figure below. (b) From (a)‚ the percentage error of a short time interval (e.g. 10 s) measured by a stop-watch is very large. Since the time intervals of 110-m hurdles are very short in the Olympic Games‚ stop-watches are not used to avoid large percentage errors. Since ZX = ZY = 1 m‚ α = β = 60°. Therefore‚ XY = ZX = ZY = 1 m The magnitude of the displacement
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an era of rising energy prices and inflation‚ It became impossible for his administration to meet these high expectations. America had developed a "crisis of confidence" and a "national malaise" by the late 1970s. On July 15‚ 1979‚ Pres. Jimmy Carter gave the "malaise" speech‚ where he identified what he believed to be a crisis of confidence among the American people. He felt that the American people were no longer listening due to the assassination of important leaders‚ The Watergate scandal‚ and
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SELF- CONFIDENCE "There are three words a skipper never says‚’ I don’t know’. Those three words will kill a crew as fast as a torpedo. You are the skipper because you do know‚ the skipper always knows." Said to Mathew McConaughey by Harvey Kietel in the film U-571. Self-confidence is the most important trait of a good leader. Self-confidence is what others look to when they look to a leader. A self-confident leader is a powerful leader that always has an answer to the follower’s questions
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a NOR gate. DeMorgan’s theorems state the same equivalence in "backward" form: that inverting the output of any gate results in the same function as the opposite type of gate (AND vs. OR) with inverted inputs De Morgan’s theorem is used to simplify a lot expression of complicated logic gates. For example‚ (A + (BC)’)’. The parentheses symbol is used in the example. _ The answer is A BC. Let’s apply the principles of DeMorgan’s theorems to the simplification of
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Problem Set II Problem P9 17: Jack Hammer FV (Table 1) at 11% discount rate 2.00 x .901 = $1.80 2.20 x .802 = $1.79 2.40 x .731 = $1.75 33.00 x .731 = $24.12 -------- $29.46 Problem P9 - 22: Alternative Present Values: Your rich godfather has offered you a choice of one of the three following alternatives: $10‚000 now; $2‚000 a year for eight years; or $24‚000 at the end of eight years. Solution: (first alternative)
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Introduction to Statistics (Measures of Central Tendency) Central Tendency: In a representative sample‚ the value of a series of data have a tendency to cluster around a certain point usually at the center of the series is usually called central tendency and its numerical measures are called the measures of central tendency or measures of location. Different Measures of Central Tendency: The following are the important measures of central tendency which are generally used in business:
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Running Head: MACRO ECONOMICS Macro Economics Econ 214 Problem Set 3 Complete all questions listed below. Clearly label your answers. 1. Will increases in government spending financed by borrowing help promote a strong recovery from a severe recession. Why or why not? 2. Does fiscal policy have a strong impact on aggregate demand? Did the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand? Did
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