Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Quiz 0-

1. Suppose that you are told that the point (8, 10) sits on a straight line. Furthermore you are told that every time the X value increases by 5 units the Y value decreases by 10 units. Write an equation in slope intercept form given this information. Show your work and explain the steps you used to find your answer.

2. In Mary's econ class her first exam had a total of 40 points on it and she scored a 35 on this exam. Her second exam had a total of 60 points on it and she scored a 54 on this exam. Her final exam will have a total of 80 points. The two midterms are each worth 25% of her grade while the final is worth 50% of her grade where these weights are based on 100 point exams. If Mary needs a weighted average of 90 points on a 100 point scale to earn an A in the class, what score will she need to make on her final? Show how you found your answer the steps you took to get your answer.

3. You are given these two points that sit on a straight line that we will refer to as line 1: (X, Y) = (10, 10) and (20, 30). You are given two more points that sit on a straight line that we will refer to as line 2: (X, Y) = (-10, 0) and (20, -30). Find the (X, Y) where line 1 and line 2 intersect given this information. Show your work.

4. Calculate the numeric values or simplify the following:

a. Given the following information find the value of X.

(1/2)X + 20 = (1/4)X - 12  

b. Given the following information simplify this expression:

2x(x + x + x)/4x =

c. Given the following information simplify this expression:

((1/2)X + (1/4)Y)/2 =

d. Joelle spent $25.00 at the restaurant Saturday night on her meal. She decided to tip 20% for the service she received. What was the amount of the tip she paid?

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91737757
  • Price:- $50

Priced at Now at $50, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question what are the advantages and disadvantages of

Question: What are the advantages and disadvantages of consumer interviews and market experiments? Please state sources. The response must be typed, single spaced, must be in times new roman font (size 12) and must follo ...

Question bowen is a manufacturer of golf carts in

Question: Bowen is a manufacturer of golf carts in Minneapolis servicing Minnesota and several nearby states.  Over the past several years, a number of other golf cart companies have established operations in Bowen's mar ...

Question suppose that the federal government announced a

Question: Suppose that the Federal Government announced a tax rebate of $500 for all individuals filing singly and $1000 for all families filing jointly or as head of household in the upcoming tax year. Further, suppose ...

Question the national park service charges visitors to a

Question: The National Park Service charges visitors to a certain monument a $5 per car admission fee and an additional fee of $5 per camera. Is this necessarily price discrimination or might it be based on costs? If it ...

Question - the following table shows a workers wages annual

Question - The following table shows a worker's wages (annual salary), from 2007 to 2010: Years Annual Salary CPI (base 100=2005) 2007 7524 109 2008 8208 119 2009 8892 125 2010 9234 130 a) Calculate the time-series data ...

Question the financial crisis of 2007-2008 is considered by

Question: The financial crisis of 2007-2008 is considered by many economists to be the worst financial crises since the Great Depression of the 1930s. While both economists and non-economists have debated what the actual ...

Question the c declined an average of more than 3 per year

Question: The C$ declined an average of more than 3% per year relative to the US$ during the 1990s, yet the inflation rate in Canada was almost 1% lower. Also, Canada has a positive trade balance, compared to the huge US ...

Question startups please respond to the followingresearch a

Question: "Startups" Please respond to the following: Research a startup from within the last five years. This can be a business with national exposure or a local business from your area. Give a brief overview of what th ...

Question briefly explain the difference between generic and

Question: Briefly explain the difference between generic and brand-name drugs. Why do some drugs not have a generic equivalent? The response must be typed, single spaced, must be in times new roman font (size 12) and mus ...

Question you have been shopping around for a student loan

Question: You have been shopping around for a student loan and you have seen some wide variance between interest rates. You need to borrow $30,000 for 4 years. A loan from your local bank comes with 7% per year interest, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As