# Microeconomics

##### In the process of implementing a project, you have sub- contracted JAB Enterprise to supply supplements worth 1480 cartons of two varieties X and Y. Suppose the joint cost function for the two varieties of supplements is given by C = 250X2 + 120Y2. The quantity of X and Y are not specified; therefore, the firm may decide to supply any combination. The firm wishes to minimize the cost of producing the supplement but meet your demand. Using Lagrangian multiplier technique find the amounts of X a
In the process of implementing a project, you have sub- contracted JAB Enterprise to supply supplements worth 1480 cartons of two varieties X and Y. Suppose the joint cost function for the two varieties of supplements is given by C = 250X2 + 120Y2. The quantity of X and Y are not specified; therefo...
##### Suppose that the supply schedule of Maine lobsters is as follows: Price of lobster (per pound) 252015105Quantity of lobster supplied (pounds)800700600500400 Suppose that Maine lobsters can be sold only in the United States. The U.S. demand schedule for Maine lobsters is as follows: Price of lobster (per pound) 252015105Quantity of lobster supplied (pounds)2004006008001000 a. Draw the demandthe equilibrium price and quantity of lobsters?curve and the supply curve for Maine
Suppose that the supply schedule of Maine lobsters is as follows: Price of lobster (per pound) 25 20 15 10 5 Quantity of lobster supplied (pounds) 800 700 600 500 400 Suppose that Maine lobsters can be sold only in the United States. The U.S. demand schedule for Maine lobst...
##### United Healthcare insures 200,000 people in Metropolis. These people average 2.5 physician visits per year. After analyzing claims data, United has determined that some of these visits were unnecessary. They want to raise their copayment by 10% in Metropolis to discourage physician visits. They estimate that the elasticity of demand for physician visits in Metropolis is -0.3. How much will visits to United physicians decline in Metropolis? What will happen to United’s copayment revenue (as a per
United Healthcare insures 200,000 people in Metropolis. These people average 2.5 physician visits per year. After analyzing claims data, United has determined that some of these visits were unnecessary. They want to raise their copayment by 10% in Metropolis to discourage physician visits. They esti...
##### By using graph (4 different graphs), show the effect of the event below (ceteris paribus) onthe motorcycle market: (20 points)a. Increasing the value added tax that paid by the buyerb. Decreasing the price of car significantlyc. Technological advance reduces the cost of producing motorcycled. Increasing the price of metal, as the one input of producing motorcycle
By using graph (4 different graphs), show the effect of the event below (ceteris paribus) on the motorcycle market: (20 points) a. Increasing the value added tax that paid by the buyer b. Decreasing the price of car significantly c. Technological advance reduces the cost of producing motorcycle ...
##### Explain what is hierarchy of events in 170 words
Explain what is hierarchy of events in 170 words...
##### Now suppose the secretary of labor proposes an increase in the minimum wage. What effect wouldthis increase have on employment? Does the change in employment depend on the elasticity ofdemand, the elasticity of supply, both elasticities, or neither?
Now suppose the secretary of labor proposes an increase in the minimum wage. What effect wouldthis increase have on employment? Does the change in employment depend on the elasticity ofdemand, the elasticity of supply, both elasticities, or neither?...
##### The government decides that tax evaders should receive heavier punishments and increases the punishment that tax evaders face in a manner that brings no benefit to the IRS. The matrix of the new game is given below.Find the equilibrium of the new game.
The government decides that tax evaders should receive heavier punishments and increases the punishment that tax evaders face in a manner that brings no benefit to the IRS. The matrix of the new game is given below. Find the equilibrium of the new game....
##### . Laws that limit interstate sale of wine over the Internet were relaxed significantly as a result of a Supreme Court decision in 2005. How would you expect this to affect the scale of production in the wine industry?
. Laws that limit interstate sale of wine over the Internet were relaxed significantly as a result of a Supreme Court decision in 2005. How would you expect this to affect the scale of production in the wine industry?...
##### If you pay 5,000va year fin tuition and gave up 2p, 000 a year of income to attend college then the yearly opportunity cost is
If you pay 5,000va year fin tuition and gave up 2p, 000 a year of income to attend college then the yearly opportunity cost is...

#### Similar Solved Questions

##### Use the Change of Variables Formula to compute Js(x + 3y) dxdy, where D is the region bounded by x + Zy = 4, x + 2y = 4,y = 8, y = 12 (Use symbolic notation and fractions where needed )f Jskx + 3y) dxdyhelp (fractions)
Use the Change of Variables Formula to compute Js(x + 3y) dxdy, where D is the region bounded by x + Zy = 4, x + 2y = 4,y = 8, y = 12 (Use symbolic notation and fractions where needed ) f Jskx + 3y) dxdy help (fractions)...
##### Fn Yq dleniverrre 0J 490) 60, 2 Y= 314x +32TC) aR +1 4+7Fid Wvelp} ZZfic_4Frh She ~zfyahve of_Y = X 8 & Z010. Vc e! Y?_&G? O5 Xn+l Le IUnshon_ Jliy Cala-n 10 vf_y V2 Velues_fd
Fn Yq dleniverrre 0J 490) 60, 2 Y= 314x + 32TC) aR +1 4+7 Fid Wvelp} ZZfic_4Frh She ~zfyahve of_Y = X 8 & Z010. Vc e! Y?_&G? O5 Xn+l Le IUnshon_ Jliy Cala-n 10 vf_y V2 Velues_fd...
##### Find the Laplace transform of the function3, 0 < t < 2T f6) = { 0, 20 < t < 0NOTE: Express the answer in ters of 8.c{f()}
Find the Laplace transform of the function 3, 0 < t < 2T f6) = { 0, 20 < t < 0 NOTE: Express the answer in ters of 8. c{f()}...
##### Give the domain and range in interval notationUse the function f() =Tr 6 t0 find each of the following: f(+h)Domain:Range:f(+m-fm)Use the function g(r) = 6r+7to find glrth)-glr)The number of Ilving Americans who have had cancer dlagnosis has increased drastically since 1971 part, this i5 more testing for cancer and better treatment for some cancers In part, It Is because the population older, cancer Is largely disease of the elderly: The number ol cancer survivors (In milllons) between 1975 ( (
Give the domain and range in interval notation Use the function f() =Tr 6 t0 find each of the following: f(+h) Domain: Range: f(+m-fm) Use the function g(r) = 6r+7to find glrth)-glr) The number of Ilving Americans who have had cancer dlagnosis has increased drastically since 1971 part, this i5 more ...
##### Q3) Given the equation:e x2 (1 +7x4) = 1 (i) How many roots does the equation have? (ii) Plot the function over a range of x values to show those roots. (iii) Use the bisection method to find the roots.
Q3) Given the equation: e x2 (1 +7x4) = 1 (i) How many roots does the equation have? (ii) Plot the function over a range of x values to show those roots. (iii) Use the bisection method to find the roots....
##### 8 8' 2 2 ! 33od J247 Find compare (3) Find the this [ 1 360642 8 1 1 8 goug tousand ondoan 2 thousa uncton dollars '290*0 Duuiz aste function 2 34 2 televsion HINT fifth TSe? 18 jL eduidd 1 [See huunn Damp televiior 11
8 8' 2 2 ! 33od J247 Find compare (3) Find the this [ 1 360642 8 1 1 8 goug tousand ondoan 2 thousa uncton dollars '290*0 Duuiz aste function 2 34 2 televsion HINT fifth TSe? 18 jL eduidd 1 [See huunn Damp televiior 1 1...
##### While = camping (np, would Iike camt walcr (TOm Ihc lakc his Campsite Mils two ~identical buckets with water and allaches them [0 Ioog Since the buckcts are MUt identical, he (rals that te Icxl balances ahout [Xint located length 0.4i5= (rom mhelrxint, choxm Thc weight of Uhe rod and empty buckets ) negligible compand the Weight of Ihe water; and the buckets are IHX shown scile:Which bucket holds muc MalcnbucketThey molal Ihe Sme umouneafunicrbucketHow' much morc watee does Uhe heavier buck
While = camping (np, would Iike camt walcr (TOm Ihc lakc his Campsite Mils two ~identical buckets with water and allaches them [0 Ioog Since the buckcts are MUt identical, he (rals that te Icxl balances ahout [Xint located length 0.4i5= (rom mhelrxint, choxm Thc weight of Uhe rod and empty buckets )...
##### Develop causal regression model to forecast demand that includes both time and the introduction of new chip as explanatory variables_Demand + ( month New Chip Introduced (Type integers or decimals rounded to three decimal places as needed )What would the forecast be for the next month if new chip introduced? What: would it be if a new chip is not introduced?If a new chip is introduced, the forecast for month 25 would be If a new chip is not introduced, the forecast for month 25 would be (Round t
Develop causal regression model to forecast demand that includes both time and the introduction of new chip as explanatory variables_ Demand + ( month New Chip Introduced (Type integers or decimals rounded to three decimal places as needed ) What would the forecast be for the next month if new chip ...
##### The percentage of titanium in an alloy used in aerospace castings is measured in 51 randomly selected parts_ The sample standard deviation is \$ 0.39 Construct a 95% two-sided confidence interval for &. Assume population is approximately normally distributed. Round your answers to 4 decimal places_
The percentage of titanium in an alloy used in aerospace castings is measured in 51 randomly selected parts_ The sample standard deviation is \$ 0.39 Construct a 95% two-sided confidence interval for &. Assume population is approximately normally distributed. Round your answers to 4 decimal place...
##### Problem 5 ( 10 points): Invert the coefficient matrix (do not solve the equation set itself) of the equation set below applying Gauss-Jordan elimination without pivoting -3 12 -3 ~20 2 ~1 26Problem 6 (10 points): For the equation set of the previous problem (above). use Excel to (a) invert the coefficient matrix_ (b) use matrix multiplication t0 verify that [A] [A] ' [IL: (c) use the inverse t0 solve for the unknowns by matrix multiplication;
Problem 5 ( 10 points): Invert the coefficient matrix (do not solve the equation set itself) of the equation set below applying Gauss-Jordan elimination without pivoting -3 12 -3 ~20 2 ~1 26 Problem 6 (10 points): For the equation set of the previous problem (above). use Excel to (a) invert the c...
##### Under Question constant 10 experimental conditions first order reaction sey half-life - thatcan E 01 papaau if the calculated decrease concentrations by knowing the initial 1 rcactants 'Jueisuo) concentration by change: factor 28
Under Question constant 10 experimental conditions first order reaction sey half-life - that can E 01 papaau if the calculated decrease concentrations by knowing the initial 1 rcactants 'Jueisuo) concentration by change: factor 2 8...
##### What is the casing around the glomerulus called?a. distal tubuleb. loop of Henlec. Bowman’s capsuled. renal pyramid
What is the casing around the glomerulus called? a. distal tubule b. loop of Henle c. Bowman’s capsule d. renal pyramid...
##### Problem 3(25 points) Detemmine whether the lines3242 "-15 Li : 2-14andLz : 2t46 y+l4 2+17Intersect are skew, Or are parallel It they Intersect; determine the point of Intersection; not leave the remaining answer blanks empty: The linesPoint of intersection:
Problem 3 (25 points) Detemmine whether the lines 3242 "-15 Li : 2-14 and Lz : 2t46 y+l4 2+17 Intersect are skew, Or are parallel It they Intersect; determine the point of Intersection; not leave the remaining answer blanks empty: The lines Point of intersection:...
##### Find Ilv-wl; ifv = - 2i + 5j and w = 2i 6jIlv wllL
Find Ilv-wl; ifv = - 2i + 5j and w = 2i 6j Ilv wll L...
##### 1. How can we make sure that two functions are mutuallyinverse?2. How do we define the location of a vertical asymptote of arational function?3. Which conic sections have one focus, and which ones twofoci?
1. How can we make sure that two functions are mutually inverse? 2. How do we define the location of a vertical asymptote of a rational function? 3. Which conic sections have one focus, and which ones two foci?...
##### Use the definition of a derivative to find f (x) and f (x) 6 f(x) = Xf'(x)f"(x)
Use the definition of a derivative to find f (x) and f (x) 6 f(x) = X f'(x) f"(x)...