Consider a two country world producing only meat and potatoes. If the world equilibrium relativeprice of potatoes is between15and13pounds of meat, then the world equilibrium relative price of meat:a) will lie between1and13pounds of potatoes as well.b) must lie between 3 and 5 pounds of potatoes.c) cannot be determined without additional data

We have to solve simple basic mathematics problem.

Answered: Consider a two country world producing…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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3. Suppose that banks aim to hold reserves equal to 8 per cent of deposits. Also suppose that desired holdings of currency by the non-bank public are 2 per cent of deposits. Calculate the following using the money multiplier model set out in the lectures: a. The simple deposit multiplier b. The money multiplier c. If the central bank supplies an additional $50m of bank reserves, what will be the effect on the total money supply? d. How might a financial panic affect the money multiplier and the deposit multiplier? e. How would you expect the central bank to respond in that situation?
1. Whenever we look at the relationship between two variables (regardless of the level of measurement of those variables), we are interested in two aspects of that relationship. What are those two "aspects" and why is each important? (You can discuss more than two if you feel it necessary).
1. In an Economics textbook, the following information is given: TSS=437 and RSS-291. As a student of Econometrics, calculate the ESS and the R-squared. A. ESS-437 and R-squared=0.789 B. ESS=146 and R-squared=0.334 C. ESS=250 and R-squared=0.28 TSS D. ESS=291 and R-squared=8.334 2. What can you say about the above R-squared figure in question one? A. The TSS means that 437 variations in the dependent variables are explained by regressors B. 40% of the regression power is explained by the error term. C. 33.4% variations in the dependent variable are explained by the independent variable(s) D. The independent variables in the model are significant. 146 3. The regression model includes a random error or disturbance term for a variety of reasons. Which of the following is not one of them? A. Measurement errors in the observed variables. B. To capture unobserved omitted relevant influences on y. VSS=RSt° C. A linear functional form may only be an approximation. D. To capture unobserved…
The distribution of hemoglobin in grams per deciliter of blood if approximately N(14,1) in women and approximately N(16,1) in men. Use software or Table B to find the answers. A) What percent of women have more hemoglobin than the men's mean hemoglobin? B) What percent of men have less hemoglobin than the women's mean hemoglobin? C) What percent of men have more hemoglobin than the women's mean hemoglobin?
9. Is a Linear Model Appropriate? The number, in thousands, of bacteria in a petri dish is given by the following table. Time is measured in hours. 27This is taken from the Statistical Abstract of the United States and in
8. Write an 800 unit energy budget for three activities: Hunting Prey (H) which costs 10 units, Scavanging (S) which costs 3 units, and Raiding (R) the food stuff of other individuals which costs 7. What is the biologically reasonable range of values for H, S and R?
8) Send With Us is a company that ships large packages overnight to cities all over the country. Overnight delivery is guaranteed. They charge for delivery depending on the weight of the package according to the following price list: $30 per pound for packages weighing up to and including 10 pounds. $25 per pound for packages weighing more than 10 pounds and up to and including 20 pounds $20 per pound for packages weighing more than 20 pounds and up to and including 30 pounds. $15 per pound for packages weighing more than 30 pounds. a) Sketch a graph of the function that describes the cost of all possible shipping charges. b) If the package you want to ship weighs 15 pounds and there is an 8% tax on all shipping charges, what will be your total cost?
The formula for the best fit line is y= -72359.6+216.2x, where y is sales price and x is square footage of the house. One house in this data set has 3,140 square feet of living space and sold for $485,000. Calculate the residual of this data point: a) -16859.6 b)16859.6 c)-121384.26 d)121384.26 e)none of the above
4. A telecommunications company recently launched a year long advertising campaign to promote their brand of cellular telephones. The monthly number of new cellular telephone subscribers is shown in the table. Month Number of New Subscribers 1 6 500 2 2345 7 150 7 870 4 8 650 5 9 520 67 10 470 7 11 520 8 12 670 3. 76 2 a) Calculate the first and second differences, and the ratios. b) Which model appears most suitable for the data: linear, quadratic, or exponential? Justify your answer. c) Sketch a scatter plot of the data. d) Generate a suitable model for the data. Represent the model using a graph and an equation. e) Use the graph to predict the month in which there will be approximately 15 000 new subscribers. f) Use the equation to predict the number of new subscribers in month 12.
(Image) A) Pedro B)Raul C) Patricia D) Monica Have a step-by-step explanation. Please Have a nice day!
ABF needs to deliver an important LTL shipment in 6 days. If the delivery is 2 days late then ABF is charged a penalty of $500. The cost of the shipment is $3,200 and costs decrease at a rate of $100 for every day deviation from the target delivery time. 1) What delivery time minimizes ABF's costs? a. 6.4 days b. 6.7 days c. 7.3 days d. 6 days e. 7 days f. 7.5 days 2) What is the Taguchi Loss cost if ABF delivers at the target delivery time? a. $2,600 b. $3,200 c. $500 d. $0 e. $3,700 f. $3,100 g. $100 Please show all the works.

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