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

1 the crr model european claimconsider the crr model of

1. The CRR model: European claim. Consider the CRR model of stock price S with T periods and parameters d (a) Consider the European claim X with expiry date T and the payoff X = g(S r ) = 1/S T 1[k,∞)(S T ). Show that th ...

Project-listen to this video asafter you work on your graph

Project- Listen to this video as/after you work on your graph. The lecture is on the 'Aftermath of the Financial Crisis' given by Ben Bernanke in March 29 th 2012. https://www.c-span.org/video/?305198-1/ben-bernanke-lect ...

Application evaluation of research resultsno research

Application: Evaluation of Research Results No research project or study is perfect. Studies that contain errors can produce unreliable or misleading results. As a consumer of research, you must be able to determine the ...

Here is a link to the pdf version of dan ariellys

Here is a link to the pdf version of Dan Arielly's Predictably Irrational. http://radio.shabanali.com/predictable.pdf The Table of Contents starts on page 11. Scan through it and choose a chapter that looks interesting. ...

Assignment discussion-applying balanced scorecardin many

Assignment: Discussion-Applying Balanced Scorecard In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized, but other impacts, such as decreased ...

Assignmentdraw the graph carefully please use one graph

Assignment Draw the graph carefully. Please use one graph per country and show both the autarkyand the free trade equilibrium on each graph. Consider the following data on the factor endowments of two countries A and B: ...

Micro economics paperyou have been given the responsibility

Micro Economics Paper You have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products. Select your organizatio ...

Description of assignmentreport paper basisstudents work

Description of Assignment: Report Paper basis. Students work together to research and profile a particular in Microeconomic policy: the property tax in the United States. Grading Criteria (What constitutes a good assignm ...

Assignmentwrite a 5-6 page paper on one of the following

Assignment Write a 5-6 page paper on ONE of the following topics. Advice: Read the question you choose very carefully, and make sure you are answering it. What you write must be clearly relevant to answering the question ...

Short-run economic fluctuationsplease have by 800 pm west

Short-Run Economic Fluctuations Please have by 8:00 pm west coast time cailfornia time 12/13/2016. Plagrism free, orignal work, and refs. APA format double space. please ask questions right away please dont wait to the l ...

  • 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