Problem set 3 (Answer) 7.6. A farmer uses three inputs to produce vegetables: land‚ capital‚ and labor. The production function for the farm exhibits diminishing marginal rate of technical substitution. a) In the short run the amount of land is fixed. Suppose the prices of capital and labor both increase by 5 percent. What happens to the cost-minimizing quantities of labor and capital for a given output level? Remember that there are three inputs‚ one of which is fixed. b) Suppose only the cost
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Ready Set Learn Jammelah Rials Capella University Ready Set Learn To determine if an early childhood program is high quality or not depends on several qualities. One important quality is the physical setting the indoor environment must be clean in good repair and well ventilated. Un-sanitized environment can lead to the spread of germs and viruses making it easier for children to become sickly or ill. Classroom space must be divided into richly equipped activity areas‚ including
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Problem Set 1 1. (Star Wars) Real GDP = 461.0(214.5/60.6) = 1‚631.76 (E.T.) Real GDP = 399.9(214.5/96.5) = 888.90 (Titanic) Real GDP = 600.8(214.5/160.5) = 802.94 (Shrek 2) Real GDP = 437.2(214.5/188.9) = 496.45 (Avatar) Real GDP = 760.5(214.5/214.5) = 760.5 Real GDP in Order of Largest to Smallest Movies Nominal Box Office Receipts (millions) CPI in Year Released Real Box Office Receipts (millions) Star Wars (1977) 461.0 60.6 1‚631.76 E.T. The Extra-Terrestrial (1982) 399.9 96.5 888.90 Titanic
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Problem Set 1 Macroeconomics‚ ECON 2123 (Instructor: Partha Sen; TA: Peter Tsui) ------------------------------------------------------------------------------------------------------------------------------------ Posted: Friday‚ 19 September 2014 Due: 5:00 PM Friday‚ 26 September 2014 (Submit your homework into the homework collection box outside the department office) 100 marks total Part I: True/False/Uncertain (20 marks‚ 4 marks each) 1. GDP is the value of all goods and services produced
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1. What is the exact number of bits in a memory that contains 640M bits? 640 · 1024 = 655‚360 · 1024 = 671‚088‚640 bits. 2. How many bits are in 1 Tb? You are asked to figure out the exact result. Hint: Depending on the tool used to calculate this‚ you may need to use a trick to get the exact result. Note that 220 = 1‚000‚00010 + d‚ where d is the difference between 220 and 1‚000‚00010‚ and that 1T = (1‚000‚00010 + d)2 8 bits/byte => 8 · 1 trillion or 812 => 8‚000‚000‚000‚000 3. Convert the binary
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Problem Set 3 Name: Lauren Hensley Problem Set 3 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 6. 1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices. Price of crackers Quantity Demanded (per month) $3 80 $2.5 120 $2 160 $1.5 200 $1 240 $1.00 - $1.50: -0.333 $1.50 - $2.00: -0.6 $2.00 - $2.50: -1 $2.50 - $3.00: -1.66 If the price of graham crackers is $2.50 should firms raise or lower
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Dimensional analysis of models and data sets James F. Pricea) Woods Hole Oceanographic Institution‚ Woods Hole‚ Massachusetts 02543 Received 22 May 2002; accepted 4 November 2002 Dimensional analysis is a widely applicable and sometimes very powerful technique that is demonstrated here in a study of the simple‚ viscous pendulum. The first and crucial step of dimensional analysis is to define a suitably idealized representation of a phenomenon by listing the relevant variables‚ called the physical
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Problem Set 3 Macroeconomics‚ ECON 2123 Sections L3 and L4 P. Sen Posted 9.11.14. Due 5 PM 17.11.14. ----------------------------------------------------------------------------------------------------------------------------------- 100 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (25 marks‚ 5 marks each: 2 marks for correct judgment and 3 marks for correct argument) 1. Suppose that workers in the Republic
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samples of five were selected from each of three populations. The sum of squares total was 100. The sum of squares due to the treatments was 40. a. Set up the null hypothesis and the alternate hypothesis. b. What is the decision rule? Use the .05 significance level. c. Complete the ANOVA table. What is the value of F? d. What is your decision regarding the null hypothesis? SS 100 SST 40 SSE 60 k 3 n 15 null hypothesis Variance of one population
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Problem Set 1 1. Explain lipoprotein physiology and metabolism (Chapter 15). - Lipoproteins are a biochemical formation that aid with the transporting of lipids. The four major pathways include Lipid absorption pathway‚ exogenous pathway‚ endogenous pathway and reverse cholesterol transport pathway. All of these pathways are dependent on a particular particle know as apo-B that contains lipoproteins which‚ functions as a transport for dietary and Hepatic lipids to the outer layers of the cells
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