How are quintiles calculated? Select the correct answer below: O Calculated using the average of the entire population. Ranks people by age from lowest to highest and divided by five. The totals are then summed to compare to the total income. Quintiles rank the population from the lowest to highest and divides all households into five O groups of equal numbers of people. The totals are then summed to compare to the total income. O Ranks the households from largest to smallest and finds the income mode.
Q: 1. Assume that when the price of X decreases the consumption of Y remains the same. Draw the appropr...
A: If the price of X decreases but the consumption of Y remains the same, one possible scenario could b...
Q: Marissa, a single mother with one child, can’t seem to make ends meet. Rent and utilities eat up mos...
A: The Supplemental Nutrition Assistance Program (SNAP, formerly the Food Stamp Program) is available t...
Q: If the government wants to increase employment, what should it do among the following? a. decreas...
A: The Reserve ratio refers to the proportion of the deposited money (bank's liability), which a commer...
Q: What is the GDP deflator? How does the GDP deflator relate to real GDP? Real adjusts for inflation...
A: The GDP deflator is a tool used for understanding the movement of price from the base year to the cu...
Q: Find Nash equilibrium and equilibrium of dominant strategies. а. N A b. L C P (3;1) (2;3) (10;2) U (...
A: Answer -
Q: If the percent rise in price is larger than the percent decline in quantity, then: the demand for yo...
A: WHEN PRICE IS ELASTIC If the quantity demanded of a product changes greatly in response to change in...
Q: What is the role of Econometrics in Economics or in Agricultural Economics?
A: When studying economics, it can be seen that economics is divided into different parts according to ...
Q: Qd = 20 – 2P %3D
A: Demand equations are estimated by means of the consumption analysis of a consumer and we can do this...
Q: A) low skilled workers is $10/hour. The government's goal is to help low-paid families. Is a minimum...
A: A minimum wage is the lowest remuneration that employers can legally pay their employees—the price f...
Q: In the endogenous growth model presented in the text, suppose that u represents the fraction of time...
A: To find : Growth rate of consumption.
Q: True or False 1. For any economy study based on our discussions, it is always necessary to determin...
A: In a market, there are different ways to analyze an investment whether it is feasible or not, accord...
Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2. Now suppose gov't gives c...
A: The consumer has an income of 80 in year 1 and an additional 10 given by the government. when consu...
Q: International-wide political risk is _______ and global economic exposure is ________ when a firm in...
A: When dealing with the local level or with the international level, in the case of local level the ri...
Q: . At the point of equilibrium of firm (under perfect competition)
A: To find : What happens at point of equilibrium of firm.
Q: A monopolist sells Soma at the same price into two different markets. The demand for Soma in narket ...
A: A cost function is a formula used to predict the cost that will be experienced at a certain activity...
Q: The lag effect suggests that studying that is spaced out over a greater amount of time provides more...
A: In economics, lag effect can be seen while governement decides to implement economic policies to. De...
Q: Given the data in the table below, calculate the marginal propensity to save. Consumption Personal I...
A: Marginal Propensity to Save: MPS means the proportion of additional disposable income that is saved,...
Q: What are your thoughts about the minimum wage laws? What are the good points and bad points? How do ...
A: ▪︎Minimum wage law- Minimum wage law is the base measure of compensation that a business is expecte...
Q: Consider a product market with three consumers X, Y and Z with demand function QX = 6 – PX, QY = 3 –...
A: Given the demand curves for X, Y, Z QX = 6 – PX, QY = 3 – ½PY and QZ = 12 – PZ
Q: In trade policy a balance must be stricken between Select all that apply: importers and exporters do...
A: The answer is - Option 2. domestic business special interests and domestic consumer interests. Opti...
Q: The following table contains revenue and cost information for a perfectly competitive firm producing...
A: Total Cost is the sum of variable and fixed cost. Total Revenue is the final amount received by sell...
Q: A moving company requires one van and two workers in one hour to do one task. If labour cost is $20/...
A: Labor Cost = 20 / hour Van Cost = 40 / hour Number of tasks to be completed = 20 Labor required f...
Q: Using the supply and demand graph below, identify the areas of consumer surplus and producer surplus...
A: Answer: Consumer surplus: consumer surplus refers to the area between the equilibrium price and the ...
Q: 4. The total effect of a price change of a commodity is А. Sustitution effect plus price effect B. O...
A: "Correct option is B- substitution effect plus income effect."
Q: Economic graphs microanalysis about vouch insurance?
A: To find : Analysis on vouch insurance company.
Q: What is the fundamental assumption upon which the Law of Supply is based? A. The higher the demand f...
A: In a market, law of supply and law of demand are basedon some fundamental assumption about the norma...
Q: Save if the inverse demand function for toasters is p = 85 - 2Q what is the consumer surplus if the ...
A:
Q: What is general government final consumption reflecting in terms of GDP of a country? What it indica...
A: Below is the formula for GDP: GDP = C + I + G + NXC =ConsumptionG = Government expenditureNX = Net ...
Q: What is your view of Globalization in the workplace? Don't just offer the pros and cons, which are i...
A:
Q: 1. Welfare analysis: Basic concepts Identify whether each of the following statements best illustrat...
A: Answer: Producer surplus: It refers to the difference between the selling price and the willingness ...
Q: The labour force participation rate is the Proportion of population that is working
A: To find : What is labor force participation
Q: assume that the price levels for a product is :[11,9,7,4,2], then create a table showing the Qd and ...
A: We have to construct an demand and supply schedule for given price.
Q: It refers to the amount subtracted from the gross income in determining the net taxable income. a. ...
A: Tax: Tax is the compulsory payment that is imposed by the government and it is the major source of g...
Q: A drug store is looking into the possibility of installing a 24/7-automated refill system to increas...
A: Annual worth = [Revenue each year - Cost each year] - [Annual equivalent capital recovery]
Q: What are the possibilities that cause a change in the unemployment rate according to this table? Rel...
A: The possibilities that cause a change in the unemployment rate according to the table given in the q...
Q: Part I Given that the marginal cost (mc) to manufacture an Iphone per day is represented by the fun...
A: Answer - "Thank you for submitting the questions .But, we are authorized to solve one question at a ...
Q: Define and give examples of the macro- and micropolitics of public budgeting.
A: To find : Example of public budgeting.
Q: Supply Demand QUANTITY the cost of a unit to a seller. For an output level above QE, the value of a ...
A: In the above diagram, the market is said to be in equilibrium at point A where the demand curve inte...
Q: 7) If investment falls a lot when the interest rate rises, there will be A) a steeper investment cur...
A: An item or an asset that is being acquired with the sole goal of appreciation of the asset or genera...
Q: Prices of gasoline change rapidly if something interrupts the oil supply. How responsive do you beli...
A: Answer -
Q: The prices of inputs x1; x2; x3; x4 are p1 = 2; p2 = 2; p3 = 5; and p4 = 2. If the production fun...
A: Let us say, A = min {x1, x2} and B = min{x3, x4}. Then, the production function looks like A + B. So...
Q: Gouge-em Cable Company is the only cable television servicecompany licensed to operate in Backwater ...
A: Given; Fixed cost= $640000 Marginal cost= $2 Price Number of subscribers TR FC MC TC MR Profit ...
Q: Is there a trade-off between keeping things at numerous places across various areas and sending prod...
A: Trade-offs when there are the goods and services, that are not available at a distant place and ther...
Q: 3. In monopoly, the relationship between average and marginal revenue curves is as follows
A: To find : What is relationship between average and marginal revenue curve.
Q: What is gross capital formation reflecting in terms of GDP of a country? What it indicates when the ...
A: Gross domestic product is the total market value of of goods that is produced domestically during t...
Q: Output per worker Country ... Australia Brazil 200 Sleds Clarinets 300 2 Good Suppose that Australia...
A: Absolute advantage and comparative advantage are two important concepts in economics and internation...
Q: TQuestion 1 - All else equal, a car insurance plan that offers less full insurance coverage will pro...
A: In economics, a situation of asymmetric information results in market failure due to uneven distribu...
Q: 18. The human effort applied to the production of goods is called in economics
A: To find : What is human effort applied to production of good.
Q: Proponents of free trade argue that that liberalisation of trade relationships between rich and poor...
A:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 45 people were surveyed at the Sunway Pyramid Mall to investigate coffee preferences. The results of the survey are recorded below. Coffee Type Children Adults Seniors Latte 3 ? Mocha 9 11 a) Determine how many Seniors prefer Latte? Show your work. [A: 1 mark] Your answer locs.google.com/forms/d/e/1FAlpQLSewitqD60pXbHRrH-dmFwuvBFgFL6CNyPNFCrDm7uMzq5u8-A/formResponse 022, 13:32 MDM4U Unit 2 Test 2022S1 Draw and upload the Stacked Split Bar graph * b) Create a Split bar graph for Coffee Type. Include all titles and labels. [A: 4 marks] LegendHas the researcher tested for representativeness: comparing the sex distribution ofthe population and of respondents, for example, or their ages, ethnicity, education, orincome?How should be the following given be treated while estimating national income (1) bonus paid to employees
- Do you want to see if the number of siblings and individual has affects one's social skills. Propose a research design to study these variables how to measure them and what statistical analysis you would use to analyze the data be very specific and detailed.What statistic does Richard Freeman say that if an economist had predicted it, he/she would have been carted away as mad?12. A survey that includes every element of the population is called
- Please don't give plagarised statementsAverage Earnings by Innnigrant Cohort 2010 2010 2015 2015 Cohort Label YSM Earnings (S) YSM Earnings ($) Native-born Native N/A 73,915 N/A 80,245 1955-1959 1M5559 52.5 97,361 57.5 97,212 1960-1964 1M6064 47.5 91,822 52.5 93,156 1965-1969 1M6569 42.5 88,610 47.5 106,552 1970-1974 1M7074 37.5 88,392 42.5 93,163 1975-1979 1M7579 32.5 85,919 37.5 97,756 1980-1984 1M8084 27.5 79,911 32.5 81,500 1985-1989 1M8589 22.5 70,143 27.5 78,100 1990-1994 1M9094 17.5 64,342 22.5 69,033 1995-1999 1M9599 12.5 68,821 17.5 73,976 2000-2004 IM0004 7.5 66,971 12.5 74,907 2005-2009 IM0509 2.5 58,623 7.5 67,780 2010-2014 IM1014 2.5 60,596 NOTE: "YSM" refers to the average years since migration. This is a table of average earnings for various immigration cohorts as well as native-born Canadians for 2010 and 2015. These values are expressed in 2015 real dollars. A) Calculate the cross-sectional entry effect for the IM0509 cohort. Interpret what the number…0 100 Frequency 150 200 250 300 350 50 50 The plot below shows in the first panel the distribution of ages across Basketball players at the Olympics. The second shows the distribution of ages across swimmers at the Olympics. Which descriptions below accurately describe the figures. Mark all that apply. Basketball Swimming Frequency 500 1000 1500 15 25 35 45 10 15 20 25 30 35 Age Age 2000 Both distributions exhibit a long-left tail The distribution of ages is relatively similar between basketball players and swimmers, though basketball players are slightly less common at older ages relative to swimmers. There are more swimmers at the Olympics than Basketball players The distribution of ages is relatively similar between basketball players and swimmers, though basketball players are slightly more common at older ages relative to swimmers.
- The latest Gallup poll shows that 63 percent of Americans felt that the laws covering the sales of firearms should be made more strict, 29 percent felt that the laws should be less strict, and 7 percent felt that the laws should be less restrict. Suppose the survey were conducted among 2,000 individuals. i. What is the population for this survey? ii. What constitutes the sample?6. Imagine that I wanted to test the proposition that people think older politicians are more trustworthy. I recruited an internet sample of 90 people. Each person was asked to read a short article about a hypothetical political candidate. Random assignment determined whether the subjects were told that candidate was 65 or whether they were told that candidate was 35. After reading the article, all subjects used a 10-point scale to rate the candidate on competence, trustworthiness, and likability. I take the mean values of trustworthiness in each group, perform a difference of means test, and find a test statistic of 1.04. Should I reject the null at the 99% confidence level? Why or why not? What does that mean?Pls no plagiarism