due Friday‚ January 11 and it will count double on your homework grade. I will reward additional points for students who answer the questions in bold correctly. Part A: Please answer one of the two problems for Chapter 14‚ p.308-309. 1. Suppose the book-printing industry is competitive and begins in a long-run equilibrium. a. Draw a diagram describing the typical firm in the industry. b. Hi-Tech Printing Company invents a new process that sharply reduces the cost of printing
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Bandwidth | Basic | HK$198 | 20 | HK$2 | Up to 1.5 Mbps | 3M Single User Plan | HK$298 | 100 | HK$2 | Up to 3.0 Mbps | 6M Single User Plan | HK$398 | 200 | HK$2 | Up to 6.0 Mbps | a.Wong subscribes to the 6M plan and uses 150 hours a month. Suppose that Wong’s demand curve is a straight line such that if the price of access were HK$20 per hour or higher‚ she would buy nothing. Draw her demand curve‚ and calculate her buyer surplus. b.Suppose that Wong switches to the 3M plan. Referring to
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accordingly 1 2 Written Questions 1. Consider the following payoff matrix Player L M T 2‚ 0 3‚ 1 Player 1 C 3‚ 4 1‚ 2 B 1‚ 3 0‚ 2 2 R 4‚2 2‚3 3‚0 a. (5pnts) Find the pure strategy Nash equilibria of the simultaneous game b. (5pnts) Now suppose the game is played sequentially. Find the subgame perfect equilibrium if player 1 goes first and if player 2 goes first. c. (5pnts) Discuss whether each of the players would want to go first or second. d. (5pnts) Write down a system of equations such
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1. The mean incubation time of fertilized eggs is 22 days. Suppose the incubation times are approximately normally distributed with a standard deviation of 1 day. (A) The 19th percentile for incubation times is ____ days? (round to the nearest whole number as needed (B) The incubation times that make up the middle 39% are ___ to ___ days? (round to nearest whole number‚ use ascending order) 2. As reported by a recent survey‚ the mean height of females 20 to 29 years old is 63.6 inches. If the
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out in order to obtain full marks. 1. Suppose that: • The number of claims per exposure period follows a Poisson distribution with mean λ = 110. • The size of each claim follows a lognormal distribution with parameters µ and σ 2 = 4. • The number of claims and claim sizes are independent. (a) Give two conditions for full credibility that can be completely determined by the information above. Make sure to define all terms in your definition. (b) Suppose that 7000 claims are needed for full credibility
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Aqsa Kiran Prof. Moinul Islam 7th Feb‚ 2015 Intermediate Microeconomics PPE-3100 Home Work -1 1. Suppose a teenager has $20 and likes both rap music (R) and country music (C) with a set of preferences so that U = C1/2R1/2. Suppose that the iTunes price of a rap music song is and the price of a country music song is. Find optimum levels of R and C. What is the greatest level of affordable utility (Use Lagrange method)? U = C^1/2 R ^1/2 Constrain = Pc +PR = 20 Applying Lagrange Method
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Mathematics Department Tutorial Sheet No. 3 MAL250(Probability and Stochastic Processes) 1. The percentage of alcohol (100X ) in a certain compound may be considered as a random variable‚ where X (0 < X < 1) has pdf fX (x) = 20x3 (1 − x)‚ 0 < x < 1. Suppose that the selling price of the above compound depends on the alcohol contents. Specifically‚ if 1/3 < X < 2/3‚ the compound sells for c1 dollars/gallon otherwise it sells for c2 dollars/gallon. If the cost is c3 dollars/gallon‚ find the probability
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Assignment | Cost of Capital‚ Capital Budgeting and Financial Planning | Chapter(s) | 9‚ 10‚ 12 | Group Name | | Student Name(s) | | Date | | Instructions: HW Assignments will be uploaded to Kean Blackboard and must be accessed from there. You must work in groups where assigned (or independently if not assigned to groups) on homework assignments. Points are noted against each question. You are required to submit Home Work assignments electronically on Kean Blackboard using MS-Office
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Larry Qiu Assignment 1 Due on March 4 (Session B) and March 5 (Session A) in Class Ricardian Model 1. Suppose that each worker in the home country can produce three cars or two televisions. Assume that Home has four workers. a. Graph the production possibilities frontier for the home country. b. What is the no‐trade relative price of cars at Home? 2. Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers
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buys a new robot for its automobile assembly line. B) Apple computer builds a new factory. C) Exxon increases its inventories of unsold gasoline. D) An accountant buys a newly built home for herself and her family. E) all of the above 2. Suppose the consumption equation is represented by the following: C = 250 + .75YD. Given this information‚ the marginal propensity to save is A) .25. B) .7. C) 1. D) 4. E) none of the above 3. Which of the following events will cause a reduction
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