User Account

All Pages

Find the median monthly housing expenditure

Assignment Help Microeconomics
Reference no: EM13882364

The following table contains monthly housing expenditures for 10 families.

 

Family

Monthly Housingexpenditures(dollars)

1

300

2

440

3

350

4

1,100

5

640

6

480

7

450

8

700

9

670

10

530

(i) Find the average monthly housing expenditure.

(ii) Find the median monthly housing expenditure.

(iii) If monthly housing expenditures were measured in hundreds of dollars, rather than in dollars, what would be the average and median expenditures?

(iv) Suppose that family number 8 increases its monthly housing expenditure to $900, but the expenditures of all other families remain the same. Compute the average and median housing expenditures.

Reference no: EM13882364

Questions Cloud

Find the approximate percentage difference : Suppose that Person A earns $35,000 per year and Person B earns $42,000- Find the exact percentage by which Person B's salary exceeds Person A's.
What is the rate of sea level rise increase today : Which process dominates the East Coast of the United States, deposition or erosion? Why? Which process dominates the West Coast of the United States, deposition or erosion? Why? What is the rate of sea level rise increase today
Develop operational plan for an organization of your choice : Develop an operational plan for an organization of your choice. Provide detailed SMART objectives and Key Performance Indicators to be achieved by your operational plan.
Prepare manufacturing overhead budget : Prepare a Production Budget and prepare a Direct Materials Purchase Budget - Prepare manufacturing Overhead Budget
Find the median monthly housing expenditure : If monthly housing expenditures were measured in hundreds of dollars, rather than in dollars, what would be the average and median expenditures?
How does the sound effects match with the plots actually : Why choose these sound effects and those sound effects and plot how to match this production at this time. How does the sound effects match with the plots actually
The access modifier of constructors should be : The access modifier of constructors should be
Do you think cities approaches could work in united states : Cities and their governments in places like Freiburg and Curitiba are heavily involved in creating a more sustainable urban fabric by implementing proactive policies and regulations. Do you think their approaches could work in the United States?
Thomson model of the atom : Thomson's Model of the Atom Continued. Using Thomson's (outdated) model of the atom described in Problem, consider an atom consisting of two electrons, each of charge -e, embedded in a sphere of charge + 2e and radius R. In equilibrium, each elect..

Reviews

Write a Review

Microeconomics Questions & Answers

  How to compare two view of current technological development

Both Landes Winner and Bill Joy explore the issue of technology and control. How would you compare their two views of current technological development Focus the comparison on a specific technology, such as genetically modified organisms.

  How the economic crisis offers a variety of opportunities

Explain how the economic crisis ‘offers a variety of opportunities and threats and should not be seen as homogeneous economic crisis'.

  Find elasticity function for the following demand function

Find the elasticity function for the following demand function and graph it. Determine at what price the function is unit elastic. Qd = 100 - 3√P

  1 the zinger company manufactures and sells a line of

1. the zinger company manufactures and sells a line of sewing machines. demand per period q for a particular model

  Honda uses flexible plans in the manufacturing of its cars

honda uses flexible plans in the manufacturing of its cars. discuss whether this method of production results in

  Youre biomeds resident economic expert harry the ceo is

youre biomeds resident economic expert. harry the ceo is asking you to complete a time-sensitive project that another

  1 question is based on the table below showing the marginal

1. question is based on the table below showing the marginal utilities of good x and good ybased on the table above and

  Does the monopoly effect regulate the prices

Singer Taylor Swift has a monopoly over a scarce resource: herself. She is the only person who can produce a Taylor Swift concert.

  Discuss the motivation of policymakers

1.Government policymakers may be elected politicians or appointed experts. Describe some of the specific decisions made by policymakers that affect you personally 2. Discuss the motivation of policymakers. Are they held accountable by voters

  Explain is one or more of the goods inferior

Suppose that the price of good X rises and the price of good Y falls in such a way that the consumers new optimal consumption bundle lies on the same indifference curve as his old bundle.

  The inverse demand and supply curves

A2-9. Suppose the inverse demand and supply curves are given by (where Qs and Qd are quantities P is price): Demand: P = 35 - (1/3) Qd Supply: P = 5 + (2/3) Qs (a)  Calculate the equilibrium price and quantity in this market. Graph the demand and sup..

  Explain how to balance fixed and variable costs

Identify production level to maximize profits Explain how to balance fixed and variable costs Apply economic cost concepts in making business decisions learning team reflection

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd