Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Microeconomics Expert

QUANTITATIVE METHODS:

Answer all the problems. Section A to be answered in about 500 words each and Section B to be answered in about 300 words each.

Section A:
 
problem 1: Consider the utility function u = f (x1.....xn) where xi, i = 1,2,……., n are the quantities of the n goods consumed. Let the price of good xi < pi, i = 1, 2,…….., n. Let M be the consumer’s income. Show that the Lagrangian multiplier of the utility maximization problem equivalents the marginal utility of income.

problem 2:

a) What is the normal probability distribution function? Also state its properties.

b) The concentration of impurities in a semiconductor used in the production of microprocessors for computer is a normally distributed random variable with mean 127 parts per million and standard deviation 22 parts per million. The semiconductor is acceptable only if its concentration of impurities is below 150 parts per million. What is the proportion of semiconductors which are acceptable for use? (The area beneath the standard normal curve for the value of Z = 1.5 is 0.668).
 
Section B:
 
problem 3: A monopolist firm’s demand curve is given by P = 100-2q.

a) Find out its marginal revenue function.
 
b) What is the relationship between the slopes of average and marginal revenue curves?
 
c) At what price is the marginal revenue 0 (zero)?
 
problem 4

a) Describe the Hawkins-Simon condition for the viability of an input-output table.
 
b) Given below is the input matrix (A) and the final demand (D) vector.

2146_input-output matrix.jpg

prepare down the specific input-output matrix for this model. Check if the given data satisfy the Hawkins-Simon-condition.

problem 5: Find the extreme value(s) of z = 2x12 -x1x2 + 4x22 + x3 + x32 +2?

By using the Hessian matrix check if the extreme value(s) is/are maximum or minimum.
 
problem 6: Assume that x has the given probability distribution.

801_probability distribution.jpg

problem 7: Describe the method of maximum likelihood for estimating the value of a population parameter.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92052

Have any Question? 


Related Questions in Microeconomics

Assignmentyou will submit your second comprehensive summary

Assignment You will submit your second comprehensive summary (4-5 pages) regarding your final progress report. If you are still in your original business, what lessons did you learn? If not, what went wrong? What improve ...

Economic term paperempirical project the research project

Economic Term Paper Empirical Project The research project should be about 10 pages and should explain your data collection, model, and findings. The project (due by the final exam date) is worth 30% of your final grade. ...

Question 1 a scatter diagram is useful to determine if a

Question 1. A scatter diagram is useful to determine if a relationship exists between two variables. True False Question 2. Consider the following gasoline data: Quarter 1, Year 1, Year 2 1, 150, 156 2, 140, 148 3, 185, ...

Assignment sustainability at top shelf shoesin this course

Assignment: Sustainability at Top Shelf Shoes In this course, you will work independently to analyze sustainability issues for a hypothetical organization. The assignments follow one another so that you can apply the met ...

Economics assignmentcontentselect a news article with

Economics Assignment Content: Select a news article with economic implications within the previous six months and explain, analyze and expand the issue using the economic concepts and theory learned in this class. Includ ...

Assignment economics read the following case study and

ASSIGNMENT: ECONOMICS Read the following case study and answer the given question. THE MACROECONOMICS OF POVERTY REDUCTION: THE CASE STUDY OF BANGLADESH Adapted: Osmani, S.R; Mahmud, W; Sen, B; Dagdeviren, H; and Seth, A ...

Assignment multiyear plans and Assignment: Multiyear Plans and Analysis Preparation •

Assignment: Multiyear Plans and Analysis Preparation • Review the document titled "City of Charlottesville 2010 Annual Comprehensive Plan" located in the course shell. Write a three to four (3-4) page paper in which you: ...

Assignment land restoration proposalpart 1please see

Assignment: Land Restoration Proposal Part 1 Please see attachment for part 1 and only complete highlighted section for this assignment. Your team has been given the land rights to a 100-acre abandoned parcel of land. Th ...

Question 1 the agrizone corporation invests 140140 million

Question 1. The Agrizone Corporation invests $14.014.0 million in a new inventory tracking system. A. The opportunity cost of Agrizone's decision is the value of leaving the money unutilized. B. The opportunity cost of A ...

1 please prove that two indifferent curve cannot cross each

1. Please prove that two indifferent curve cannot cross each other. 2. Please solve the following maximization problem u = √x 1 + x 2 max√x 1 + x 2 , st, p 1 x 1 + p 2 x 2 ≤ m 3. a. When prices are (p 1 , p 2 ) = (1, 2) ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen