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

Discussion questionplease read thoroughly and provide

Discussion Question Please read thoroughly and provide references • Manufactures of smartphones design products to be interactive with consumers. To remain competitive, designers are focused on getting a new product to m ...

Need someone to help with the belowthe theory of market

Need someone to help with the below The theory of market economies emphasizes freedom of choice and limited government intervention. The classic argument for government intervention is market failure - the inability of t ...

Watch the video on the link belowthen answer the following

Watch the video on the link below. Then answer the following questions: 1. Would the incentives discussed in the video be able to work in a college setting? Why or why not? 2. Have you ever changed your behavior because ...

Assignmentresearch a company of your choosing that has

Assignment Research a company of your choosing that has global presence. The World's Most Reputable Companies website has a list of 100 multinational businesses with global presence. Feel free to pick a company from this ...

Short answer amp essay questionsyou must complete two short

Short Answer & Essay Questions You must complete two Short answer questions and one Essay question All answers must be in the form of a paragraph (minimum of 5 sentences per paragraph). Please select from below: Short An ...

Economic choice and economic decision makingconsider your

ECONOMIC CHOICE AND ECONOMIC DECISION MAKING Consider your last vehicle purchase and the decision making process you engaged in while deciding what vehicle to purchase or if a new vehicle was the right decision. While an ...

Article analysisplease choose an article from the wall

Article Analysis Please choose an article from the Wall Street Joumal, The Economist, Bureau of Labor/Statistics, Bureau of Economic Analysis etc... or any peer reviewed article for the UOP library. Select one subjects f ...

Can you write a great paper on a research economic topic10

Can you write a great paper on a Research economic topic 10 page paper Including abstract, introduction, content and conclusion, reference. You can choose any economic topics and analyze the issue from your own perspecti ...

Then answer the following questionsin the video it is

Then answer the following questions: In the video, it is mentioned that Whirlpool provides three different types of appliances that vary in the amount of features that are offered. Discuss the product differentiation acr ...

Assignmentioverview provide an overview consisting of a

Assignment I. Overview: Provide an overview consisting of a brief description of the chosen company, your chosen product or service, and annual sales. II. Macroeconomic Variables For this section, you will utilize macroe ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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