4a) His income is €300‚ so his budget constraint is the line between y=30 and x=75. The optimal choice (utility-maximizing) is shown by the point of tangency with his utility function. This is point E (and x =30). b) The budget constraint shifts to x = 120. The new optimal choice is point C (and x = 35). c) ΔY∙py = (30-22‚5)∙10 = €75 d) The total effect: Point E C e) Income effect: F C Substitution effect: E F f) Income effect < 0‚ so X is an inferior good. 5a) U(x‚y) = x1x2
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Unit 1 Problem Set 1 26. Surgery Versus Splints A study compared surgery and splinting for subjects suffering from carpal tunnel syndrome. It was found that among 73 patients treated with surgery‚ there was a 92% success rate. Among 83 patients treated with splints‚ there was a 72% success rate. Calculations using those results showed that if there really is no difference in success rates between surgery and splints‚ then there is about 1 chance in 1000 of getting success rates like the ones obtained
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Small businesses are often faced with many challenges. One of the biggest problems faced by small businesses is providing suitable benefits for employees‚ namely health insurance. Employer provided health insurance is The research process to developing a paper requires time‚ time and more time. It is best to begin to think about the chosen topic for a couple of hours or even days before beginning. A brief search of the chosen topic to ensure enough information is available to support research
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of five of them are 51kg‚ 45kg‚ 49kg‚ 46kg‚ and 44kg. Find the weight of the sixth boy. 6. The mean of the marks scored by 50 students was found to be 39. Later on it was found that a score of 43 was misread as 23. Find the correct mean. 7. The mean of 100 items was found to be 64. Later on it was found that two of the items were misread as26 and 9 instead of 36 and 90 respectively. Find the correct mean. 8. A cricketer has a mean score of 58 runs in 9 innings. Find out how many runs
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Unit 7 Chapter Exersises NT 1430 Tyrel Cain (19103625) Tyrel Cain NT1430 4/30/2015 Unit 7 Chapter Exercises Chapter 22 1. What are three reasons to use NFS? a. NFS reduces storage needs. b. NFS simplifies system administration. c. NFS makes backing up data simpler. d. NFS improves data consistency and reliability. 2. Which command would you give to mount on the local system the /home? Directory hierarchy that resides on the file server named plum? Assume the mounted directory hierarchy will
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Chapter 7 Commerce and Culture Different areas and environments such as highlands‚ steppes‚ farmlands‚ islands‚ mainlands‚ valleys‚ mountains‚ deserts‚ and forests all generate different products Some societies were able to form monopolies on a certain good like silk in China This uneven distribution of goods and resources are what drives trade In the period of 500 to 1500 long distance trade became more important than ever before in linking and shaping distant societies and people Trade was
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This paperwork comprises MATH 209 Chapter 5 Factoring Quiz Business - General Business Week 2: Administrative Regulations - Discussion Too much regulation - or not enough? (graded) On pages 209 through 213‚ your textbook has a series of cases and problems‚ most of which have been taken from real cases in the United States regulatory world of business. Each case has a unique feature to it‚ and provides future business leaders with guidance about the landmines which await when
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Chapter Seven: The Jeffersonian Era I. The Rise of Cultural Nationalism A. Patterns of Education 1. Central to the Republican vision was the concept of a virtuous and enlightened citizenry. 2. Republicans believed in the establishment of a nationwide system of public schools to create the educated electorate they believe a republic required. 3. A Massachusetts law of 1789 reaffirmed the colonial laws by which each town was obligated to support a school‚ but there was little enforcement. 4
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Problem Set 3 - FINA 4200 Spring 2013 Due Wednesday February 26th before class I. Multiple Choices Chapter 2 1. According to the Capital Asset Pricing Model‚ investors are primarily concerned with portfolio risk‚ not the isolated risks of individual stocks. Thus‚ the relevant risk is an individual stock’s contribution to the overall riskiness of the portfolio. a. True b. False 2. Diversifiable risk‚ which is measured by beta‚ can be lowered by adding more stocks to a portfolio.
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CHAPTER 1 – RESEARCH IN BUSINESS Why Study Business Research? Business research provides information to guide business decisions. Business research plays an important role in an environment that emphasizes measurement. Return on investment (ROI) is the calculation of the financial return for all business expenditures and it is emphasized more now than ever before. Business research expenditures are increasingly scrutinized for their contribution to ROMI. Research Should Reduce Risk The
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