Quisuted aimourfs me used ts zakerate the ancaben tales A- sin-000-000 (1).pdf

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Question 3: Q C = 130 0.2 P C + 1.5 P T + 1.98 I where Q C is the demand of Coffee; P C is the price of coffee; P T is the price of tea; I is income. Assume P c = 3 , Pt = 2 , and I = 10 , 000 (a) Find and interpret the own-price of coffee (b) Find and interpret the cross-price of tea (c) Find and interpret the income elasticity (d) If the income raises by 100 what happened to Qc?.

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Quisuted aimourfs me used ts zakerate the ancaben tales A. sin , 000 , 000 E. 514.370.000 c.
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Question 20 (1 point) Which of the following is TRUE of carcinogenesis? a) abnormal activation of genes that promote apoptosis may contribute to carcinogenesis b) most neoplasms demonstrate a single central mutation that triggered neoplastic transformation c) the latent period between exposure to a carcinogen and the development of a tumor may span decades Question 21 ( 1 point) Which of the following statements regarding the role of oncogenes in carcinogenesis is TRUE? a) regulate apoptosis of cells with DNA damage b) oncogenes code for oncoproteins which promote cell growth c) the viral DNA of oncogenic DNA viruses behaves as a proto-oncogene.

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Question 2- NON-EXCLUDABLE PUBLIC GOOD You live in a community house of ten people. This problem is about how clean the house should or will be kept. 6 of your colleagues are low-demanders for cleanliness and each has a private marginal benefit from a unit of cleanliness which is approximated by: PMB = 0.9 0.04 Z (\$ per unit of cleanliness) where Z is the units of cleanliness. 4 of your colleagues (including you) are high-demanders for cleanliness and each has a private marginal benefit from a unit of cleanliness which is approximated by: PMB = 1.75 0.02 Z (\$ per unit of cleanliness). Cleanliness can only be obtained by having a cleaner. A cleaner produces 2 (units of cleanliness per hour) and charges 12 (\$ per hour). e) If cleaning is provided at the efficiect level and the cast is shared by the Benefit Principle, how much better off is each person? That is, the high and low demander. It may be helpful to graph thic. Q If cleaning is provided at the efficient level and the cost is shared equally, how much better off is each person? That is, the high and low demander. It may be helpful to graph this. Hint: There is no reason for PMBAPMC at the efficient level of cleaning. g) You have a ever-so- sightly higher PMA than your colleagues. A house meeting is held which decides that the cleaner must be hired privately, How dean will the house be kept and how many hours wil the cleaner work? PMB = 0.9 0.042 ( $ per unit of cleanliness) where Z is the units of cleanliness. 4 of your colleagues (including you) are high-demanders for cleanliness and each has a private marginal benefit from a unit of cleanliness which is approximated by: PMB = 1.75 0.02 Z (s per unit of cleanliness). Cleanliness can only be obtained by having a cleaner. A deaner produces 2 (units of cleanliness per hour) and charges 12 (S per hour). a) is house cleanliness a public or private good? b) What would you mean if you said that your private marginal benefit was 1 is per unit of cleanliness)? c) From an efficiency viewpoint, how many hours should the cleaser be hired? d) If cleaning is provided at the efticient level and the cost is shared by the Benefit Principle, how much does each person pay? That is, the high and low demander. it may be helpful to graph this..

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Question 2) Suppose you work for the Cheapo Coffee company and are tasked with studying their coffee shops around the country. You are interested in studying the number of cups of coffees sold per day at different Cheapo Coffee Shops. To study this you get a list of all Cheapo Coffee Shops in the US and randomly select 18 to visit. On the day you visit you record how many cups of coffee each shop sold. (Note: each value is the number of cups of coffee sold that day): 39 , 48 , 57 , 60 , 65 , 73 , 84 , 90 , 107 , 138 , 145 , 156 , 208 , 232 , 273 , 298 , 343 , 406 (a) What is the population in this question? (b) What is the sample in this question? (c) What is an individual in this question? (d) What sampling technique was used to build this sample? (e) Calculate the mean, median and standard deviation for this data set. Make sure to give units. (f) Construct a histogram with class size 70 starting at 0 for this data. Describe the shape. (g) What percent of the shops in your sample sold less than 300 cups of coffee on the day you visited? EXTRA CREDIT QUESTION: Suppose that a company is studying the commute time for its employees. After surveying their employees they find that most of the employees have long commute times but a few have very short commute times. What is the most likely shape for the distribution of this variable?.

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