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- Use the information below and the data in the table to answer questions 6 through 10. Beginning in 2004, people in Vidinstan began producing a third good, borjin, in addition to sladke and gamza. Borjin is sold in individual units. The table below shows the number of tons of sladke, liters of gamza, and units of borjin sold each year from 2004 to 2007. In 2004, sladke cost $10 per ton, gamza cost $2 per liter, and borjin cost $0.50 per unit. Year Sladke (in tons) Gamza (in liters) Borjin (in units) 2004 95 600 4,000 2005 100 620 4,500 2006 97 600 4,300 2007 102 650 5,000 How much did RGDP increase from 2006 to 2007, using 2004 as the base- price year? Answer hereQUESTION 20 f(x) = (3x-4) 4. What is f'(x) at x=2? QUESTION 21 f(x) = x-1 x+1 What is f'(x) at x=1?2. (4) A pediatrician wants to determine the relation that exists between a child's height and head circumference. She randomly selects 11 children from her practice, measures their heights and head circumference, and obtains the following data. 27.75 24.5 25.5 26 Height (inches) 25 Head Circumference 17.5 17.1 17.1 17.3 16.9 (inches) 27.75 26.5 27 26.75 26.75 27.5 17.6 17.3 17.5 17.3 17.5 17.5 Use 0.05 level of significance to test whether there is a linear correlation between a child's height and head circumference. Assume requirements satisfied.
- There is a Chinese company doing business in India. The profit made by the company will be part of: (i) India's GDP (ii) China's GNP Select the correct answer using the code given below: (a) (i)only (b) (ii) only (c) Both (i) & (ii) (d) Neither (i) nor (ii)Question One a) The University of the East Europe is interested in the overall performance of its students in the academic year 2020/2021. There were 1460 students registered for this academic year. The University decides to select a sample of 150 students from each of the 5 faculties- Science, Medicine, Law, Social Science and Humanities in proportion to the number of students in each faculty. Identify the population of interest for this scenario. ii. i. Identify the sampling technique used by the researcher. State one advantage and one disadvantage of the sampling technique described in the given scenario. If the medical faculty has 584 students registered, calculate how many medical students would be part of the sample of 150. iii. iv.Although 23 states barred the self-service sale of gasoline in 1968, most removed the bans by the mid-1970s. By 1992, self-service outlets sold nearly 80% of all US gas, and only New Jersey and Oregon continued to ban self- service sales. Using predictive value for self-service sales for New Jersey and Oregon Johnson and Romeo (2000) estimate that the ban in those two states raised the price by approximately $.03-$.05 per gallon. Why did the ban effect the price? Illustrate using a figure and explain. Show the welfare effects in your figure. Use a table to show who gains or loses.
- The next 3 questions refer to the following: A housecleaning company receives 36 for each house cleaned. The tab below gives the relation between the number of workers and the number houses that can be cleaned per week. [[[[ Number of], [Workers]], [[Houses], [Cleaned]]], [0, 0], [1, 9], [2, 17], [3, 24], [4, 30], [5, 35], [6,36]] The marginal revenue from the fourth worker is If the company want to maximize profit and hires three workers, the wa rate of a house - cleaner can be no more than If the wage rate of a house - cleaner is 140, the maximum amount of pr the company can earn isSolve by hand (no excel)7
- The number of times a sound wave vibrates in one second is called: a) Amplitude b) Frequency c) Wavelength d) SpeedHayfever Farms is an 80‑acre hay farm in Colorado. Due to the legalization of marijuana production in the state, the owners are considering changing the farm's name to Blissful Acres and growing marijuana instead of hay. Use the information presented in the table to answer three questions. Number of acres MC $ MR $ (hay) MR $ (marijuana) 10 320 730 5,600 20 200 730 5,600 30 540 730 5,600 40 730 730 5,600 50 1,200 730 5,600 60 3,200 730 5,600 70 5,600 730 5,600 80 6,700 730 5,600 If they continue to grow only hay, how many acres should Hayfever Farms devote to growing hay in order to maximize profits? area devoted to hay:_______ acres If the owners decide to only grow marijuana, how many acres should Blissful Acres devote to growing marijuana in order to maximize profits? area devoted to marijuana:_______ acres Which outcome likely happens due to the legalization of marijuana production and consumption? The number of growers…In a class of 30 M.A. (Economics), students, 17 students have taken econometrics and 13 have taken econometrics but not mathematical economics. Find (a) the number of students who have taken econometrics and mathematical economics (b) how many of them have taken mathematical economics but not econometrics.
