What is the indifference curve through the point

Assignment Help Econometrics
Reference no: EM13219931

Professor Goodheart gives 3 midterm exams. He drops the lowest score and gives each student her average score on the other two exams. Polly Sigh is taking his course and has a 60 on her first exam. Let x2 be her score on the second exam and x3 be her score on the third exam. If we draw her indifference curves for scores on the second and third exams with x2 represented by the horizontal axis and x3 represented by the vertical axis, then what is her indifference curve through the point (x2, x3) = (50, 70)

Reference no: EM13219931

Questions Cloud

Why the melody has convex preferences : she is willing to exchange exactly 1 classical record for 2 rock and roll records, but if she has more rock and roll records than classical records, then she is willing to exchange exactly 1 rock and roll record for 2 classical records. Melody has..
What is the typical usage of the enable line in a decoder : what is the typical usage of the enable line in a decoder?
Compute the vapor pressure of the solver : Calculate the vapor pressure of the solver over the solution at 25 degrees C. The vapor pressire of pure water at 25 degrees C is 23.8 mm Hg
Sketch the input and output timing waveforms : For a 3-to-8 decoder with high outputs and an active high enable line (EN): a) List the truth table: b) write the boolean equations: c) sketch the input and output timing waveforms for all input combinations.
What is the indifference curve through the point : Professor Goodheart gives 3 midterm exams. He drops the lowest score and gives each student her average score on the other two exams. Polly Sigh is taking his course and has a 60 on her first exam. Let x2 be her score on the second exam
Reputation management : The practice of caring for the "image" of a firm is sometimes referred to as reputation management.
Write a program that reads a list of numbers : write a program that reads a list of numbers, counts them, and calculates their arithmetic mean, geometric mean, and harmonic mean. These values should be printed with appropriate labels.
Which of these is a repository of security-related : Which of these is a repository of security-related documentation and also sponsors a number of security research projects? A) F-Secure B) Computer Emergency Response Team C) Microsoft Security Advisor D) SANS Institute.
Compute the volumetric size of an oil molecule : Ben Franklin dropped the oil on the surface of a lake and found that 2 mL of oil gave a circle of radius 30 m. Estimate the volumetric size of an oil molecule in angstroms, give one significant digit.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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!

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