Homework Answers
1) Answer: 120 Economics pages
Here when the Days of astronomy are increasing from 3 to 4 which is by one day the student is loosing the benefit of having of 120 Economic pages. Hence the opportunity cost is 120 Economic pages
2) Answer: 3 days
If the marks gained on Economics and Astronomy are same than the maximum number of days he should study Economics is 3 days.
If he studies Economics for 3 days and Astronomy for 1 day he could a maximum of 350 pages to review which is highest. Thus he can gain more pages to review.
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2. Suppose that a student intends to spend 4 days studying economics or astronomy. following table...
2. Suppose that a student intends to spend 4 days studying economics or astronomy. following table...
2. Suppose that a student intends to spend 4 days studying economics or astronomy. following table gives the maximum number of pages the student can review given astronomy, 3 days on astronomy and 1 on economics, 2 days on astronomy and economics, 1 day on astronomy and 3 on econo Days on Astronomy 4 Astronomy (pages) Days on Economics Economics (pages) 0 The 4 days on 2 on mics, and 4 days on economics. 140 80 120 210 270 300...
Jade has midterms in economics and astronomy tomorrow and only has four hours left to study....
Jade has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying table provides the combinations of time spent studying economics and astronomy and her expected exam scores. Hours Spent Studying Economics Economics Exam Score Hours Spent Studying Astronomy Astronomy Exam Score 0 60 0 70 1 80 1 83 2 90 2 87 3 95 3 90 4 98 4 92 a. Use a graph to plot the production possibilities frontier for Jade's...
2.) A survey ELAC Student and the time they spend studying per week is given in...
2.) A survey ELAC Student and the time they spend studying per week is given in the table below If a student studies 14 hours per week, would that student be considered unusual? Hours per Week Frequency 0-3 100 4-7 87 8-11 50 12-15 35 16-19 20 20-23 18
2.) A survey ELAC Student and the time they spend studying per week is given in the table below If a student studies 14 hours per week, would that student be...
What is 5, 6, and 7? I think 1-4 is correct. Suppose a student has 9...
What is 5, 6, and 7? I think 1-4 is correct.
Suppose a student has 9 hours available to study Economics, Spanish and Psychology with an estimate of performance based on hours of study for upcoming exams. Hours Economics Spanish Psychology 30 to-amooooo 1. If our student spent all their time studying Economics, what will her grades be in Economics, Spanish and Psychology (i.e. her total # of points)? Economics: 91 Spanish: 30 Psychology: 35 2. If our student spent...
g0ods? (Lo 7) Jennifer is planning how to spend a pl available to her. If she...
g0ods? (Lo 7) Jennifer is planning how to spend a pl available to her. If she decides to study she could read the each lasting two hours) or studying her economics ter ng video movies leach lasting two h r of pages a 0. (LO 5 Oz a shown in Table 1.21. TABLE 1.21 a) If re Pages 80 130 160 175 180 Hours C)If 10 d) N ec e) W a) From this information complete the production possibilities in...
2) Max lives on Snickers Bars and Doritos. The price of Snickers (S) is 2 dollars...
2) Max lives on Snickers Bars and Doritos. The price of Snickers (S) is 2 dollars per bar and the price of Doritos (D) is 1 dollar per bag. Max allows himself to spend no more than 10 dollars a day on food. He also restricts his consumption to 5,000 calories per day. There are 500 calories in a Snickers Bar and 1000 calories in bag of Doritos. Assume that Max spends his entire money budget each day and consumes...
A student has a monthly budget of S120 to spend on either burritos, which cost $6...
A student has a monthly budget of S120 to spend on either burritos, which cost $6 each, or sodas, which cost $4 each. 1. What is the largest number of burritos that the student could afford to purchase in one month? 2. What is the largest number of sodas the student could afford to purchase in one month? 3. Draw the student's budget constraint. Put burritos on the x axis and sodas on the y-axis. 20 4. Which combinations of...
Suppose I am asked to write a 50-page document. I have looked at the requirements and...
Suppose I am asked to write a 50-page document. I have looked at the requirements and determine that I can write five pages per day for 10 days. I explain to the customer that I earn $10 per hour, and we agree that I will work 10 hours per day. However, I am paid for the number of hours I work and I report the number of pages I write each day, the hours worked, and the cost. Day #1-->...
1. To determine the average number of hours spent studying by college students per week, a...
1. To determine the average number of hours spent studying by college students per week, a sample of 39 students was randomly selected, and found to spend an average of 17.1 hours per week, with a standard deviation of 4.3 hours. Find the 90% confidence interval for the mean number of hours spent studying per week by all college students. What is the upper and lower bound? 2. If I asked a random student how many hours they study per...
f(x) = (kx + 1)/25 , x = 0, 1, 2, 3, 4. 1. Find the...
f(x) = (kx + 1)/25 , x = 0, 1, 2, 3, 4. 1. Find the value of k that makes f a probability mass function. Graph f. 2. What is the expected number of days a rat will spend in the maze? 3. Find and graph the cumulative distribution of the number of days a rat will spend in the maze. Conditional on the fact that a rat spends at most 3 days in the maze, what is the...
2. Suppose that a student intends to spend 4 days studying economics or astronomy. following table gives the maximum number of pages the student can review given astronomy, 3 days on astronomy and 1 on economics, 2 days on astronomy and economics, 1 day on astronomy and 3 on econo Days on Astronomy 4 Astronomy (pages) Days on Economics Economics (pages) 0 The 4 days on 2 on mics, and 4 days on economics. 140 80 120 210 270 300...
2.) A survey ELAC Student and the time they spend studying per week is given in the table below If a student studies 14 hours per week, would that student be considered unusual? Hours per Week Frequency 0-3 100 4-7 87 8-11 50 12-15 35 16-19 20 20-23 18
2.) A survey ELAC Student and the time they spend studying per week is given in the table below If a student studies 14 hours per week, would that student be...
What is 5, 6, and 7? I think 1-4 is correct.
Suppose a student has 9 hours available to study Economics, Spanish and Psychology with an estimate of performance based on hours of study for upcoming exams. Hours Economics Spanish Psychology 30 to-amooooo 1. If our student spent all their time studying Economics, what will her grades be in Economics, Spanish and Psychology (i.e. her total # of points)? Economics: 91 Spanish: 30 Psychology: 35 2. If our student spent...
g0ods? (Lo 7) Jennifer is planning how to spend a pl available to her. If she decides to study she could read the each lasting two hours) or studying her economics ter ng video movies leach lasting two h r of pages a 0. (LO 5 Oz a shown in Table 1.21. TABLE 1.21 a) If re Pages 80 130 160 175 180 Hours C)If 10 d) N ec e) W a) From this information complete the production possibilities in...
2) Max lives on Snickers Bars and Doritos. The price of Snickers (S) is 2 dollars per bar and the price of Doritos (D) is 1 dollar per bag. Max allows himself to spend no more than 10 dollars a day on food. He also restricts his consumption to 5,000 calories per day. There are 500 calories in a Snickers Bar and 1000 calories in bag of Doritos. Assume that Max spends his entire money budget each day and consumes...
A student has a monthly budget of S120 to spend on either burritos, which cost $6 each, or sodas, which cost $4 each. 1. What is the largest number of burritos that the student could afford to purchase in one month? 2. What is the largest number of sodas the student could afford to purchase in one month? 3. Draw the student's budget constraint. Put burritos on the x axis and sodas on the y-axis. 20 4. Which combinations of...
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