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Given the income distributions
(1; 2; 2; 5; 5; 5; 7; 11; 11; 12; 20; 21; 22; 24);
(2; 3; 3; 4; 4; 5; 7; 7; 11; 11; 12; 20; 21; 24);
And a poverty line of z = 6, calculate the Sen poverty measure. Explain the values obtained for the two distributions.
What does the SMC curve intersect the SAC curve? That is, at what level of hocky sticks does average cost reach a minimum? What is the average cost at this level output? What is the marginal cost at this level of output?
Suppose the following data describe output in two different years. Item Year 1 Year 2 Apples Bicycles Movie Rentals 20,000 @ 25¢ each 700 @ $800 each 6,000@ $1.00 each 30,000 @ 30¢ each 650 @ $900 each 8,000 @ $1.50 each (a) Compute nominal GDP in ..
how much should it borrow in period 1? What will the new level of consumption be from then on?
John earned $100,000 last year and paid $10,000 in income taxes. Mark earned $50,000 last year and paid $5,000 in income taxes. This is an example of what principal of taxation?
Find the Slope of the dotted line in the graph above. Explain (including units), what this slope represents.
Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.
David Christopher is an orthopedic surgeon who specializes in three types of surgery hip, knee, and ankle replacements. the surgery mix is 40 percent hip replacement, 50 percent knee replacement, and 10 percent ankle replacement.
Danson Iron Works, Inc. manufactures angular contact ball bearings for pumps that operate in harsh environments. If the company invested $2.4 million in a process that resulted in profits of $760,000 per year for 5 years
If the growth rate of real GDP were to continue at the same rate you have calculated, how many years would it take for real GDP to double Assume the population in 2009 was 100 and 200 in 2010. Calculate real GDP per capita in each of these years.
Assuming the club chooses G optimally given its member ship; calculate the loss due to membership of a club with suboptimal size.
Enter the value of McFadden's pseudo-R2 in the box and do you think that your model has explanatory power
Do these utility functions exhibit diminishing marginal utility of X Explain. For each utility function, calculate the marginal rate of substitution of good X for good Y (i.e. -marginal value of X, measured in units of good Y) associated with the bun..
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