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Q. 1Let X be a random variable with probability density function f(x)=c(1-x^2): -1<x<10 elsewherea) What is the value of c?b) What is the cumulative distribution function of X?
2. What can be said about the estimated slope coefficient for a regression of Y on X, versus the estimated slope coefficient for a regression of X on Y?a) The slopes are reciprocalsb) The slopes are not reciprocalsc) The slopes are the negative of each otherd) The slopes are identical
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries.
The Road Runner Club contributes money to Senator Sly's reelection campaign fund, and Senator Sly helps pass legislation to add more jogging paths across the state
Use supply and demand model to explain the dramatic rise in the price of a college education.
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
Assume an endogenous growth model with labour augmenting technology.
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