Red tama ung wlang highlight mali un.. haha 1 Suppose that a consumer’s income triples. However‚ at the same time‚ both the price of and the price of also triple. This consumer has experienced Response: no change in purchasing power. * Edit Question 2 Suppose the price of is PhP20 and the price of is PhP10 and that good is plotted on the horizontal axis. If the price of doubles and the price of triples‚ leaving the consumer’s income unchanged‚ the budget line Response: will shift out from
Premium Consumer theory Analytic geometry
wage policy induces an: Select one: a. elastic labor supply response. b. excess supply of labor. Correct c. excess demand for labor. d. efficient market outcome. Suppose the demand and supply curve for good X are as follows: PD = 533 – 5Q PS = 122 + 3Q where P is the price of X and Q is the quantity. Suppose an excise tax of $8 per unit of X is assessed on this market. What is the new equilibrium quantity of X? Answer Feedback The correct answer is: 50.375 Use the following
Premium Supply and demand
Machine Learning Journal (2003) 53:23-69 Theoretical and Empirical Analysis of ReliefF and RReliefF ˇ Marko Robnik-Sikonja (marko.robnik@fri.uni-lj.si) Igor Kononenko (igor.kononenko@fri.uni-lj.si) University of Ljubljana‚ Faculty of Computer and Information Science‚ Trˇ aˇka 25‚ z s 1001 Ljubljana‚ Slovenia tel.: + 386 1 4768386 fax: + 386 1 4264647 Abstract. Relief algorithms are general and successful attribute estimators. They are able to detect conditional dependencies between attributes
Premium Machine learning Decision theory Nearest neighbor search
bagels. Each customer buys only one bagel and the experiment consists of recording what kind of bagel these five customers buy. Let the random variable X be the number of people who buy a plain bagel. (a) Find the probability distribution for X. (b) Suppose at least 3 people buy a plain bagel. What is the probability that exactly 4 people buy a plain bagel? 3. The probability distribution for a discrete random variable X is given by the formula p(r) = for r = 1‚ 2‚ . . . ‚ 6. (a) Verify that this is
Premium Random variable
the text for their words and actions (text citation should be done by Book and Line). Why do you suppose they are not in the
Premium Trojan War Homer Iliad
Practice Test Economics 01 Midterm 2 Fall 2013 Professor K.C. Fung Multiple Choice: Choose the best answer 1. Suppose price of baguette is $1 and price of sushi is $5‚ then to maximize total utility‚ a rational consumer should consume until: a) the marginal utility of baguette divided by the marginal utility of sushi is 1 b) the marginal utility of baguette divided by the marginal utility of sushi is 5 c) the marginal utility of baguette divided by the marginal
Premium Economics Microeconomics
faster than anyone else at his university. Still‚ he pays a student to collect data at the library. Is this sensible? Explain. ************** 3. England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour. a. Which country has the absolute advantage in the production of each good? Which country has the comparative advantage? b.
Premium Supply and demand
million‚ $95 million‚ and $80 million. These outcomes are all equally likely‚ and this risk is diversifiable. Gladstone will not make any payouts to investors during the year. Suppose the risk-free interest rate is 5% and assume perfect capital markets. a. What is the initial value of Gladstone’s equity without leverage? Now suppose Gladstone has zero-coupon debt with a $100 million face value due next year. b. What is the initial value of Gladstone’s debt? c. What is the yield-to-maturity of the debt
Premium Corporate finance Stock Finance
Some of these changes are permanent (e.g.‚ biological growth)‚ while others are temporary (e.g.‚ fatigue). Suppose that the dependent variable is measured twice for a group of subjects‚ once at Time A and later at Time B‚ and that the independent variable is introduced in the interim. If scores on the dependent measure differ at these two times‚ the discrepancy
Premium Psychometrics Management Scientific method
when which of the following occurs? a. a reduction in the interest rate b. an increase in the interest rate c. an open market sale of bonds by the central bank d. an increase in income e. none of the above 2. At the current interest rate‚ suppose the supply of money is less than the demand for money. Given this information‚ we know that: a. the price of bonds will tend increase. b. the price of bonds will tend to fall. c. production equals demand. d. the goods market is also in equilibrium
Premium Monetary policy Money supply