Homework Problem Set 4 1. Because Q=12-2P inverse demand P = -0.5 Q+6 For “half price” case‚ P = 2.5‚ Q=7 consumer surplus = 7*(6-2.5)/2 = 12.25 For “buy one‚ get one free” case‚ when original P = 5‚ Q = 4 instead of 2‚ total benefit TB = (4+6)*4/2 = 20 On the other hand‚ payment is 2*5=10 dollars‚ so consumer surplus will be = 10 Thus “half price” gives more surplus. 2. cost minimizing manner‚ marginal product of typewriter/marginal product of word processor=rent of typewriter/rent
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Chapter 2—Introduction to Probability PROBLEM 1. A market study taken at a local sporting goods store showed that of 20 people questioned‚ 6 owned tents‚ 10 owned sleeping bags‚ 8 owned camping stoves‚ 4 owned both tents and camping stoves‚ and 4 owned both sleeping bags and camping stoves. Let: Event A = owns a tent Event B = owns a sleeping bag Event C = owns a camping stove and let the sample space be the 20 people questioned. a. Find P(A)‚ P(B)‚ P(C)‚ P(A C)‚ P(B C). b
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Problem Set 5 Complete all questions listed below. Clearly label your answers. 1. What impact will an unanticipated increase in the money supply have on the real interest rate‚ real output‚ and employment in the short run? How will expansionary monetary policy affect these factors in the long run? Explain. An unanticipated increase in the money supply will have a significant negative or positive impact on different areas of the economy. Real interest rate will decrease in the short run when money
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Econ 122A Problem Set 6 Name(Print)______________________ Due in class on March 14 UCI ID_____________________________ 1. In class‚ we have talked about the following simple wage equation wage = α + β female + u ‚ where female is a dummy that is equal to 1 if female‚ and 0 otherwise. ˆ ˆ Given the OLS estimates α and β for the above model‚ what are the OLS estimates ˆ ˆ for a model with a male dummy instead of a female dummy
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MIT Sloan Finance Problems and Solutions Collection Finance Theory I Part 1 Andrew W. Lo and Jiang Wang Fall 2008 (For Course Use Only. All Rights Reserved.) Acknowledgements The problems in this collection are drawn from problem sets and exams used in Finance Theory I at Sloan over the years. They are created by many instructors of the course‚ including (but not limited to) Utpal Bhattacharya‚ Leonid Kogan‚ Gustavo Manso‚ Stew Myers‚ Anna Pavlova‚ Dimitri Vayanos and Jiang Wang. Contents 1
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MB0040 – Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 1 (60 Marks) Q1. Define “Statistics”. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Answer: Statistics is usually and loosely defined as: 1. A collection of numerical data that measure something. 2. The science of recording‚ organizing‚ analyzing and reporting quantitative information. Professor A.L. Bowley gave several definitions of Statistics. He defined
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Normal(88.532‚5.07943) Normal(97.1033‚5.04488) Normal(107.15‚5.15367) Summary Statistics Mean 88.532 Std Dev 5.0794269 Std Err Mean 0.2271589 Upper 95% Mean 88.978306 Lower 95% Mean 88.085694 N 500 Sum 44266 Summary Statistics Mean 97.103333 Std Dev 5.0448811 Std Err Mean 0.2912663 Upper 95% Mean 97.676525 Lower 95% Mean 96.530142 N 300 Sum 29131 Summary Statistics Mean 107.15 Std Dev 5.1536687 Std Err Mean
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INTERCOASTAL ELECTRONICS BUDGETING PROCESS 1. Sales budget: 2011 December $400‚000 100‚000 300‚000 January $440‚000 110‚000 330‚000 February $484‚000 121‚000 363‚000 2012 March $532‚400 133‚100 399‚300 First Quarter $1‚456‚400 364‚100 1‚092‚300 Total sales........................ Cash sales* ...................... Sales on account† ........... *25% of total sales. †75% of total sales. 2. Cash receipts budget: 2012 January $110‚000 33‚000 270‚000 $413‚000 February $121‚000 36‚300 297‚000 $454
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Sure enough‚ we have all heard before how stress can actually drive people out of procrastination and inertia‚ and into achieving results. But‚ did you know that this claim only works if the pressure remains at a moderate amount? During the exams‚ it is easy for stress levels in children to escalate and spiral out of control as they might not know how to burn it off‚ except during play which they are going to get less of. Soon enough‚ you will find your kids suffering from weakened immune systems
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Lillian Flloyd Economics 214-D16 March 27‚ 2013 Liberty University Bulls‚ Bear‚ and Golden Calves Chapter Two: Me‚ Myself‚ and Why 1. What is the difference between self-interest and selfishness? Why is this distinction important when considering the competitive market economy as appropriate for society? Self-interest is looking out for your best interest and finding the best possible alternatives that will benefit yourself in the business world. Selfishness is putting
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