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Assignment help-ECON 361 – Intermediate Microeconomics


Assignment help-ECON 361 – Intermediate Microeconomics

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Chapters 3 & 4 Homework #2 Due: September 14th, 2017
ECON 361 – Intermediate Microeconomics Page 1 of 1
1. Jan has the following utility function for broccoli:
U(B) = 54B 􀀀 0:5B3
a) What is Jan’s marginal utility function?
b) Plot the utility and the marginal utility functions on two
separate graphs. Be sure to label the axes and the curves
carefully.
c) Suppose that Jan is allowed to consume as much broccoli
as she likes and that broccoli costs her nothing. Show,
both algebraically and graphically, the value of B at which
she would stop consuming broccoli.
2. Consider the utility function U (x; y) = 12×3=2y1=2.
a) What are MUx and MUy?
b) Does the consumer believe that more is better for each
good? Explain using your answer from a).
c) Do the consumer’s preferences exhibit a diminishing
marginal utility of x? Is the marginal utility of y dimin-
ishing?
3. Draw indierence curves to represent the following types of
consumer preferences. Make sure to include arrows to indicate
direction of preference. (Hint: Start with a bundle (say 10
units of each), and think about other bundles that give the
consumer the same utility.)
a) I like Soda, but neither like nor dislike Coee.
b) I dislike Soda, but neither like nor dislike Coee.
c) I like Soda, but dislike Coee.
d) I like both Soda and Coee, and always get the same ad-
ditional satisfaction from 1 ounce of Soda as I do from 2
ounces of Coee.
e) I like Soda and Coee, but I only want 2 ounces of Soda
for every 1 ounce of Coee.
4. The utility that Mary receives by purchasing E units of enter-
tainment and purchasing F units of food is given by,
U (E; F) = E1=2F
a) What are the marginal utility functions?
b) On a graph with E on the horizontal axis and F on the
vertical axis, draw indierence curves for U = 12, U = 18,
and U = 24.
c) Do the shapes of these indierence curves suggest that
Mary has a diminishing marginal rate of substitution of
entertainment for food? Explain.
d) Using the marginal utilities, determine the MRSE;F .
e) Calculate the slope of the indierence curve U = 12 at
the points (E; F) = (4; 6); (1; 12). Do these slopes suggest
diminishing marginal rate of substitution?
Now, assume that entertainment costs $4 per unit and the
food cost $2 per unit. Mary has $24 to spend on entertainment
and food.
f) Using algebra (the tangency condition and budget line),
nd the optimal choice of entertainment and food.
g) Using a new graph with entertainment on the horizontal
axis and food on the vertical axis, draw the budget line,
the utility maximizing basket, and the indierence curve
that contains the utility maximizing basket.
h) Now, assume that Mary has $I and the prices are PE and
PF , solve for the optimal basket as a function of I; PE;
and PF .
5. Alex is currently spending all of his income and consumes 10
hamburgers and 3 salads each week. At his current consump-
tion basket, his marginal utility for hamburgers is 5 and his
marginal utility for salads is 2. If the price of one hamburger
is $3 and the price of one salad is $1.50, is Alex currently
maximizing his utility? If not how should he reallocate his
spending in order to increase his utility?
6. Tom is trying to decide whether or not to buy Arizona season
tickets for basketball. There are a total of 20 home games dur-
ing the 2017-2018 basketball season. If Tom buys individual
game tickets they cost $25 each. A season ticket which allows
Tom to go to all the games costs $325. If for some reason Tom
can’t go to a game, then he can sell the tickets to his friend
for $10 per game.
a) On a graph with games attended on the horizontal axis
and \other goods” on the vertical axis draw Tom’s budget
line.
b) On the graph from part (a) draw a set of indierence curves
that illustrates why Tom may be better o without season
tickets.
c) On a new graph draw the same budget line you found in
part (a). Now draw a set of indierence curves that illus-
trates why Tom might not be better o with season tickets.
7. A consumer buys two goods, food and housing, and likes both
goods. When she has budget line BL1, her optimal choice is
basket A. Given budget line BL2, she chooses basket B, and
with BL3, she chooses basket C. Examine the following graph
in order to answer the following questions: (Hint: use revealed
preference, transitivity and more is better)
BL1 BL2 BL3
A
C

B

a) What can you infer about how the consumer ranks baskets
A, B, and C? If you can infer a ranking, explain how. If
you cannot infer a ranking, explain why not.
b) On the graph, shade in (and clearly label) the areas that
are revealed to be less preferred to basket B, and explain
why you indicated these areas.
c) On the graph, shade in (and clearly label) the areas that
are revealed to be (more) preferred to basket B, and ex-
plain why you indicated these areas.

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Assignment help-Unit: TSTA101 – INTRODUCTORY STATISTICS


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Individual Assignment
Unit: TSTA101 – INTRODUCTORY STATISTICS
Due Date: Thursday, 28/09/2017 (16:00pm)
Number of Questions: Six (6) Questions
Total Marks: Twenty (20) marks
Instructions: All questions should be attempted.
The marks of each question would be awarded based on your understanding of the questions, concepts and procedures; hence you should demonstrate your answers step by step.
Question 1 [3 marks]
Part a)
Find the following probabilities by checking the z table
i) P((Z>-0.8)
ii) P (-1.3<Z<-0.7)
iii) Z0.2
Part b)
A new car has recently hit the market. The distance travelled on 1 gallon of fuel is normally distributed with a mean of 65 miles and a standard deviation of 4 miles. Find the probability of the following events.
i) The car travels more than 70 miles per gallon.
ii) The car travels less than 60 miles per gallon.
iii) The car travels between 55 and 70 miles per gallon.
Question 2 [3 marks]
Part a)
A sample of n=25 observations is drawn from a normal population with μ=100 and σ=20. Find the following.
i) P(<96)
ii) P(96<<105)
Part b)
The amount of time the university professors devote to their jobs per week is normally distributed with a mean of 52 hours and a standard deviation of 6 hours.
i) What is the probability that a professor works for more than 60 hours per weeks?
ii) Find the probability that the mean amount of work per week for three randomly selected professors is more than 60 hours?
Question 3 [2 marks]
Part a)
Given the following information =500, σ=12, n=50
i) Determine the 95% confidence interval estimate of population mean.
ii) Determine the 99% confidence interval estimate of population mean.
Part b)
A statistics practitioner calculated the mean and standard deviation from a sample of 51. They are =120 and s=15.
(i) Estimate the population mean with 95% confidence level.
(ii) Estimate the population mean with 99% confidence level.
X
X
X
X
Question 4 [4 marks]
Part a)
Calculate the statistic, set up the rejection region, interpret the result, and draw the sampling distribution.
H0: μ=10
H1: μ≠10
Given that: σ=10, n=100, =10, α=0.05.
Part b)
A statistics practitioner is in the process of testing to determine whether is enough evidence to infer that the population mean is different from 180. She calculated the mean and standard deviation of a sample of 200 observations as =175 and s=22. Calculate the value of the test statistic of the test required to determine whether there is enough evidence to infer at the 5% significance level that the population mean is different from 180.
Question 5 (2 marks)
Suppose you are using a completely randomized design to study some phenomenon.
There are five treatment levels and a total of 55 people in the study. Each treatment
level has the same sample size. Complete the following ANOVA. Use α=0.05 to find the table F value and use the data to test the null hypothesis.
Source of Variance
SS
df
MS
F
Treatment
583.39
Error
972.18
Total
1555.57
Question 6 (6marks)
There is a simple linear regression model given by:
where price = used car price in dollars and
age = age of the car in years.
The EXCEL results obtained using Ordinary Least Squares are presented below:
Regression Statistics
R2
0.077
Standard Error
42069
Observations
117
Coefficients
Standard Error
t Stat
Intercept
A
6748
7.035
Age
-2658
856
B
Use the above output for answering the following questions:
a) Calculate the missing values from the summary output: A and B
b) Interpret the slope of the regression line.
c) Write down the estimated linear regression line.
d) What is the value of the coefficient of determination? Interpret this value
e) What is the value of the coefficient of correlation? Interpret this value.
f) Test whether the estimated coefficient of Age is significantly less than zero at the 5% level of significance.
g) Predict price if the car has driven 3 years. X

 

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Need Assignment help-Math 261-01 Exam 2 EC ; http://customwritings-us.com/orders.php


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Math 261-01 Exam 2 EC

Due: 12:30 pm on March 14th
Name : _____________________________________________________________________________
This optional assignment could up to 10 points extra credit to your Exam 2 grade. Please show appropriate work and use terminology and notation correctly. Unless specified otherwise, you should give exact answers. Partial credit will be given sparingly, if at all. Each problem is worth 1 point. Remember that these should help you practice some of the concepts you will be tested over, but this assignment should not be interpreted as a sample exam.
1. Find the curvature of the curve 𝑟𝑟⃗(𝑡𝑡)=<4sin(2𝑡𝑡),4cos(2𝑡𝑡),4𝑡𝑡>.
2. At what point on the curve 𝑥𝑥=𝑡𝑡3,𝑦𝑦=5𝑡𝑡,𝑧𝑧=𝑡𝑡4 is the normal plane parallel to the plane 3𝑥𝑥+5𝑦𝑦−4𝑧𝑧=2?
3. Find the position vector of a particle that has the given acceleration and the given initial velocity and position:
𝑎𝑎⃗(𝑡𝑡)=sin(2𝑡𝑡),𝑣𝑣⃗(0)=1,𝑟𝑟⃗(0)=1
.
.
Name : ______________________________________________________________________
.. Page 2
4. (a) Evaluate the limit:
(b) Evaluate the limit: .
Name : ______________________________________________________________________
.. Page 3
5. Find for .𝑧𝑧=𝑦𝑦𝑦 𝑦 𝑦𝑦(6𝑥𝑥).
6. Find the equation of the tangent plane to the given surface at the specified point.
Name : ______________________________________________________________________
.. Page 4
7. Let and suppose that (x, y) changes from (2, –1) to (2.01, –0.98)
(a) Compute Δz. (b) Compute dz.
8. Use the Chain Rule to find .
.
Name : ______________________________________________________________________
.. Page 5
9. Find the directional derivative of the function 𝑓𝑓(𝑥𝑥,𝑦𝑦)=(𝑥𝑥+6)𝑒𝑒𝑦𝑦at the point P(3, 0) in the direction of the unit vector that makes the angle 𝜃𝜃=𝜋𝜋3 with the positive x-axis.
10. Find and classify the relative extrema and saddle points of the function
𝑓𝑓(𝑥𝑥,𝑦𝑦)=𝑥𝑥2+2𝑦𝑦2+𝑥𝑥2𝑦𝑦+11

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Assignment help-BLM’s Environmental Assessment,


Assignment help-BLM’s Environmental Assessment,

Consider the recently-designated San Gabriel National Monument (background – links to external site (Links to an external site.)) on the edge of Los Angeles (see both the interactive map (Links to an external site.) & more detailed USFS map (Links to an external site.)). How would you apply the Recreation Opportunity Spectrum (ROS) framework described in McCool et al (Week 8) to establish areas of the National Monument lands for diverse attitudes, preferences and motivations? Which ROS settings would you apply to various parts of the monument and why? (Answer should be 150-300 words)

HTML EditorKeyboard Shortcuts

 

Revisit the video we watched on the first day of class, “Should public lands be a natural setting for extreme sports?” by PBS Newshour. Watch film. (Links to an external site.) Next, review the Bureau of Land Management’s recent Environmental Assessment  (Links to an external site.) (Links to an external site.) recommending action to restrict roped activities at Corona and Gemini Arches.(If you have trouble with link, the document is included on Canvas under Files/Final Exam).

Compose a response to the BLM’s Environmental Assessment, drawing heavily from course materials and concepts. Analyze the various dimensions of this recreation management issue according to the criteria below. (Answers should be between 150-300 words).

  • Briefly describe the social conflicts occurring on BLM lands in Utah. Compare and contrast the two primary recreation user groups identified in the film. Characterize each user group’s values and motivations for outdoor recreation. 
  • Assess the strengths and weaknesses of the BLM’s proposed approach and predict how the management actions will affect the different recreation user groups.
  • Make an argument in favor or in opposition of the agencies decision and support your argument with material from the Environmental Analysis as well as from class readings.  

Assignment help-BLM’s Environmental Assessment,

 

Need Help-Biology


Need Help-Biology

Discuss Osmosis (e.g.,describe the process, describe sub-groups of osmosis,

discuss how osmosis works, discuss the category (s) of transport it belongs to, discuss what it transports, etc.,)

– 1 or 2 pages

– Proper heading, name, date, course

– Double spaced

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Homework Help-English


Homework Help-English

Assignment Directions:

This Assignment has two parts. The first is comparing and contrasting a preschool classroom and a classroom for children five years old and more and sharing developmentally appropriate practices. The second is identifying your educational philosophy and how it aligns with best practices in early childhood theory. Your Assignment should be 3–4 pages, not including the cover and reference pages.

Part 1:

Discuss a preschool classroom and a classroom for children five years old or more. Describe how the environments should use the principle of age appropriateness and share what materials, activities, and routines should be used in each classroom. Choose a theme for each lesson and analyze the concept and characteristics of a developmentally appropriate curriculum. Create a developmentally appropriate lesson for each one and identify the similarities and differences between each lesson.

Part 2:

Describe your own educational philosophy in detail. Explain best practices that relate to your philosophy and describe how you will implement them. Support your philosophy and your best practices by incorporating current and past research in early childhood theory. Be sure to include the most effective ways to demonstrate professionalism and social responsibility as an educator.

Writing Requirements and Guidelines

Your Assignment should include:

  • Cover page
    • Provide your name, title of Assignment, course and unit number, and date
  • Body
    • Complete Parts 1 and 2 detailed above
    • 3–4 pages
  • Reference list
    • Sources in APA format
    • You must use your text and two additional source

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Need Help-Sociology;Social Interaction in Everyday Life


Need Help-Sociology;Social Interaction in Everyday Life 

Social Interaction in Everyday Life

Description

1. Recall some instances in which a person you were interacting with obviously had a very different socially constructed perception of reality than yours. How did this difference influence your ongoing pattern of interaction? Give examples. 2. Suggest and explain some ways in which bureaucracies might reduce the problems that result from tendencies toward bureaucratic inefficiency, waste, incompetence, ritualism and inertia. Cite several examples, and include a situation where bureaucratic problems have directly affected you personally. ANSWER ONE OF THE QUESTIONS ABOVE Textbook: . TITLE: Society – The Basics . AUTHOR: John J. Macionis . EDITION: 12th Edition . COPYRIGHT YEAR:2013 . PUBLISHER: Pearson . ISBN: 13: 978-0-205-89891-6

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Need Help-Assignment 6; Critical Review


Need Help-Assignment 6; Critical Review

The final assignment for this class will be a 10-page critical review of the drug treatment for a psychiatric disorder (broadly defined to include psychological and neurological disorders as well). The review will use peer-reviewed sources to evaluate the current drug treatment modalities for the selected disorder and determine the adequacy of those treatments. The paper will be evaluated on the inclusion of the following information:

Introduction  

Evaluate the disorder in terms of symptomatic and behavioral presentation. Include the time, course, and progression of the disorder. Evaluate and explain special features of the disease epidemiology.

Theory

Evaluate the predominant theory or theories regarding the biological basis of the disorder. Explain the disorder in terms of pertinent neurotransmitter and receptor theories and describe the pertinent evidence of their involvement.  Analyze the neurotransmitter systems in terms of the involved receptors and the use receptor agonists and antagonists in the treatment of the disorder receptor. Include information on the anatomic changes to the central nervous system as appropriate to the topic.

Treatment  

Evaluate drug therapies for treating the disorder based on the current understanding of the biological basis of the disorder and the corresponding behavioral effects of the disorder. Explain pharmacokinetics and pharmacodynamics in relation to the disorder and corresponding drug treatment. Describe any side effects and adverse effects of the drug treatment and their biological basis, including issues related to contraindications, interactions, drug metabolism, and elimination. In addition, explain risks, benefits, and ethical implications for high-risk and exceptional treatment conditions.

Conclusion  

Summarize theories of psychiatric disease as they relate to principles of drug action within the chosen topic. Evaluate advantages and disadvantages of the current theory of the disorder and its treatment and evaluate any controversies regarding ethical and/or risk-benefits perspectives associated with the current treatment. Describe possible areas for future research.

 

Writing the Critical Review

The paper:

  • Must be 10 to 12 double-spaced pages in length (not including title and reference pages) and formatted according to APA style as outlined
  • Must include a separate title page with the following:
    • Title of paper
    • Student’s name
    • Course name and number
    • Instructor’s name
    • Date submitted
  • Must use at least five peer-reviewed sources in addition to the course text.
  • Must document all sources in APA style as outlined
  • Must include a separate reference page that is formatted according to APA style as outlined

 

Need Help-Assignment 6; Critical Review

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