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QUESTION ONE
Demand and supply functions in a two commodity markets Are given as;Qd1 =20-8PI+P2Qs1 =-7+3P1Qd2 =19+2P1-4P2Qs2 =-11+2P2 Find;i) P1ii) P2iii) Q1iv) Q2
QUESTION TWOA closed economy is described by the following functions;C=10 +0.8YdI =12G =25T =5Calculate the equilibrium income
QUESTION THREEa) Assume a firm's AR function is given by AR =4.5Q +3Q2 +1While AC function is given byWhile AC function is given as;AC = 2.8Q+ 3Q2-4Find the functions for;i) TR ii) TC iii) MR iv) MC v) profit function Σb) Find the roots of the profit function, Σ =-Q2-15Q -50
QUESTION FOURa) Determine the critical values for the following function and find out whether the critical value constitute a maximum or a minimumY = X3 - 12X2 +36X+8b) Determine the critical values of x and y and find out whether these values are extreme values of minimum.Y = 1/3 X3 +X2 - 35X +10
QUESTION FIVELet A = [1, 2, 3] B = [3, 4, 5]C = [2, 5, 7]use the above values to find the operations on sets below;i) A∪(B∪C) and A∩(B∩C)ii) A∩B and A∪Biii) A∪(B∩C), A∩(B∪C) and (A∪B) ∩(A∪C)
In January of 2007, the responses reflected an increased belief that global warming is real and due to human activity.- List the errors in this display.
tify the null hypothesis, alternative hypothesis, test statistic, P-value or critical value(s), conclusion about null hypothesis
a. Borders will consider this book to be a bestseller if it sells 100,000 copies. What is the probability that it is a bestseller?
For each of the following, identify the independent variable(s), dependent variable(s), and the level of measurement (nominal, ordinal, scale).
Compute the probability that the sampling plan will provide a result that suggests that SaveMor should reject the dealeven.
To find out whether the course is effective in increasing sales, the appropriate set of hypothesis for testing is:
A given difference (such as five points) between sample means from these populations will probably not be considered statistically significant.
Airline mergers cause many problems for the airline industry. One variable often quoted as a measure of an airline's efficiency is the percentage.
estimating the individual score using normal distribution.systolic blood pressure for men is normally distributed with
A new gene scan is developed to detect a certain type of cancer. It is studied in 100 patients who also have the gold standard of a biopsy done.
in my class of 20 students 7 are juniors 11 are seniors and 9 are senior biology majors.a. what is the probability of
The Rathburn Manufacturing Company makes electric wiring, which it sells to contractors in the construction industry. Approximately 900 electric contractors purchase wire from Rathburn annually.
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