Homework #1 Solutions 3.1 a. Let X1 =the number of hours of process 1 used X2 =the number of hours of process 2 used The objective is to minimize the cost of producing the three products A‚ B and C. The constraints are on the demand of each product. Min 4X1 + X2 subject to 3X1 + X2 ≥ 10 (A’s demand) X1 + X2 ≥ 5 (B’s demand) X1 ≥ 3 (C’s demand) X1 ‚ X2 ≥ 0 (nonnegativity) b. From the graph we can see that the isocost line just leaves the feasible region where the demand for C and B intersect. The
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Leonidas and the Brave 300 “This is Sparta”. This line was made famouse in now the Popular movie “300”. It is a story about king of Sparta Leonidas and 300 Spartan soldiers as they stood against the force of the Persians. But what is the real story about Leonidas and his 300 soldiers. Little is known about Leonidas other then stories about him that was written. According to the ancient Greek historian Herodotus in The History of Herodotus‚ Leonidas was in command of the now famous 300 Spartans who were
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978-0-691-15413-8 (pbk. : alk. paper) 1. Microeconomics. 2. Economics. I. Title. HB172.R72 2011 338.5–dc23 2011026862 British Library Cataloging-in-Publication Data is available This book has been composed in Times. Printed on acid-free paper. ∞ Typeset by S R Nova Pvt Ltd‚ Bangalore‚ India Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Contents Preface vii Introduction ix Lecture 1. Preferences Problem Set 1 1 10 Lecture 2. Utility Problem Set
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CHAPTER 4 INDIVIDUAL AND MARKET DEMAND EXERCISES 1. An individual sets aside a certain amount of his income per month to spend on his two hobbies‚ collecting wine and collecting books. Given the information below‚ illustrate both the price-consumption curve associated with changes in the price of wine and the demand curve for wine. |Price |Price |Quantity |Quantity |Budget | |Wine |Book |Wine |Book
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Statistical table (Standard Normal‚ t‚ 2 and F ) are provided separately. Show your work in part 2. No marks will be given if you do not show your work. This exam is worth 40% of your course grade. Do not write on the space below‚ for markers only. Page 2-7 8 9-10 11 12-13 14-15 Question 1-17 18 19abc 20ab 21abc 22abcd Total Max 51 9 9 9 9 13 100 Mark 1 Part 1. Multiple Choice (3 marks each‚ no part marks. 51 marks in total) 1. In testing H 0 : p 0.7 against H a : p 0.7 ‚ the p-value
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Lady Earns Engagement Ring by Making 300 Sad Sandwiches for Her Man ERIN GLORIA RYAN For “lady” she has not been given a name; so she lacks an identity Ladies are usually older & they should know better then being pushed around by men Engagement & Sad is a pun because engagement is something happy and they use sad in the same sentence. Alliteration “sad Sandwiches” A New York City gossip reporter revealed herself today to be the woman behind 300 Sandwiches‚ a food blog she started
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crime you didn’t commit? Adnan Syed is an inmate at the Maryland Correctional Facility‚ serving a life sentence for killing his former girlfriend‚ Hae Min Lee. While there is some evidence saying Adnan is guilty of the murder of Hae Min Lee‚ there is even more evidence saying he didn’t. Adnan Syed is innocent and had nothing to do with the murder of Hae Min Lee because Adnan and Hae were still friends when she was murdered and Adnan had an alibi at the time that Hae was supposed to be murdered at. The
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c2 A O c1 X B x2 x1 4.1 INTRODUCTION Calculus of variations deals with certain kinds of “external problems” in which expressions involving integrals are optimized (maximized or minimized). Euler and Lagrange in the 18th century laid the foundations‚ with the classical problems of determining a closed curve in the plane enclosing maximum area subject to fixed length and the brachistochrone problem of determining the path between two points in minimum time. The present day problems include the maximization
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Shawn "Jay-Z" Corey Carter is one of the hip hop artists who own a business empire which includes: Roc-A-Fella Records‚ Roc-A-Wear Clothing‚ Roc-A-Wear Films‚ Armadale Vodka‚ and a sport bar called 40/40 Club. Recently‚ Jay-Z has also cooperated with watchmaker Audemars Piguet to produce limited edition watch. Born on April 12‚ 1969‚ Jay-Z was raised by a single mother‚ Gloria Carter. He had experienced the tough life on the streets of New York where he grew up. Fortunately‚ the streets life
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the novel Z for Zachariah by Robert C.O’Brian and the movie In Time directed by Andrew Niccol can be interpreted as warning for modern day society regarding the advances of technology and science that could destroy humanity and in doing so create an unstable world. For example‚ a post-apocalyptic world is created by the advances in nuclear technology which has wiped out humanity‚ leaving only two people on earth. Z for Zachariah plays into the world wide fear of such a disaster from the 70’s
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