Answer saved What is the average variable cost? Marked out of 2 P Flag question Select one: O a. AVC = 15y - 24y + 110 Ob. None of the above Oc AVC-5y²- 12y? + 110y O d. AVC - 5y- 12y + 110 Clear my choice Question 18 If pMP,> w, and you want to increase profits, should you increase, decrease or maintain the level of factor 17 Answer saved Marked out of 1 Select one: P Flag question O a. Increase O b. Decrease Oc. Maintain Question 19 What is the price elasticity of demand given P= 12 and Q = 1300 – P2. Answer saved Marked out of 2 Select one: P Flag question O a. 0.104 O b. -1.7 O c. -0.21 O d. -0.104 Question 20 If David John's preferences are represented by the utility function U(I1, I2) = 2;Iz, how does the consumer order the bundles A = (2,3), B= (1,5),C (4,2)? Answer saved Marked out of 3 P Rag question O a U(B) > U(A)> U(C) Ob. None of the above Oc U(B) > (U(A) > (U(C) O d. U(C) > U(A) > U(B) Clear mu chnice A-(2,3) 8 » ( 1, 5) , C (4,2) U (A) » 2×3 = 6 U (8) - ( 1Y5. 5

Answer saved What is the average variable cost? Marked out of 2 P Flag question Select one: O a. AVC = 15y - 24y + 110 Ob. None of the above Oc AVC-5y²- 12y? + 110y O d. AVC - 5y- 12y + 110 Clear my choice Question 18 If pMP,> w, and you want to increase profits, should you increase, decrease or maintain the level of factor 17 Answer saved Marked out of 1 Select one: P Flag question O a. Increase O b. Decrease Oc. Maintain Question 19 What is the price elasticity of demand given P= 12 and Q = 1300 – P2. Answer saved Marked out of 2 Select one: P Flag question O a. 0.104 O b. -1.7 O c. -0.21 O d. -0.104 Question 20 If David John's preferences are represented by the utility function U(I1, I2) = 2;Iz, how does the consumer order the bundles A = (2,3), B= (1,5),C (4,2)? Answer saved Marked out of 3 P Rag question O a U(B) > U(A)> U(C) Ob. None of the above Oc U(B) > (U(A) > (U(C) O d. U(C) > U(A) > U(B) Clear mu chnice A-(2,3) 8 » ( 1, 5) , C (4,2) U (A) » 2×3 = 6 U (8) - ( 1Y5. 5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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how 9652648263t = 119.245 ?
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The board of a football club consists of three extremely wealthy owners and five fans of the club. To decide on a proposal, the board uses a voting game in which all three wealthy owners and at least two fans must vote in favour in order for the proposal to be accepted. (a) Show that the voting game use by the board for deciding whether to approve a motion can be weighted. (b) For the voting game used by the board, find the Shapley-Shubik index of each fan. Hence, or otherwise, find the Shapley-Shubik index of each extremely wealthy owner. (c) Suppose that the board changes the voting game used to decided whether to ap- prove a proposal so that, in order to be approved, at least two extremely wealthy owners and at least three fans must vote in favour of the proposal. Can this voting game be weighted? Brieflv justifv vour answer.
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