ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Question 13 Consider the Republic of Ashbury and apportion 250 seats among the five states using Webster's method. Use the population from the table below. You can use a spreadsheet to help you figure out an answer or calculate using a calculator. Find: the standard divisor, the modified divisor, and • the distribution of representatives to each state. Representative Seats 250 Modified Standard Rounded Modify State Population Lower Quotas Quotas Quotas Quotas A 1,230,520 В 1,230,600 4,999,700 815,000 875,500 Total 9,151,320 Standard Divisor Modified Divisor a. Standard divisor: 36,605.28 Modified divisor: 36,629 States: A:34, B: 34, C: 136, D:22, E:24 X b. Standard divisor: 36,605.28 Modified divisor: 36,627 States: A:34, B: 34, C: 136, D:22, E:24 c. Standard divisor: 36,605.28 Modified divisor: 36,630 States: A:34, B: 33, C: 137, D:22, E:24 d. Standard divisor: 36,605.28 Modified divisor: 36,627 States: A:34, B: 34, C: 136, D:23, E:23arrow_forwardxt:Bong-Cha is deciding what to do during the 30-minute break between her college classes. One rule she could follow is, "Choose the activity with the highest value" (A). Another rule she could follow is, "Choose the activity with the lowest opportunity cost" (B). Do you think Bong-Cha's choice if she follows rule (A) will be the same as the choice she would make if she followed rule (B)? [another way to think about it, "Is rule (A) identical to rule (B) in a sense that they would both induce the same choice?"].arrow_forwardThe ratio 10:9 can be represented using which decimal? a. 0.9 b. 0.09 c. 0.43 d. 1.11arrow_forward
- The next 3 questions refer to the following: A housecleaning company receives 36 for each house cleaned. The tab below gives the relation between the number of workers and the number houses that can be cleaned per week. [[[[ Number of], [Workers]], [[Houses], [Cleaned]]], [0, 0], [1, 9], [2, 17], [3, 24], [4, 30], [5, 35], [6,36]] The marginal revenue from the fourth worker is If the company want to maximize profit and hires three workers, the wa rate of a house - cleaner can be no more than If the wage rate of a house - cleaner is 140, the maximum amount of pr the company can earn isarrow_forwardThe following relative frequency distribution summarizes the ages of women who had a child in the last year. Ages 15 up to 20 20 up to 25 25 up to 30 30 up to 35 35 up to 40 40 up to 45 Relative Frequency 0.10 0.25 0.28 0.24 0.11 0.02 i. Write the values of the cumulative relative frequency distribution. ii. What percent of the women were at least 25 but less than 35 years old? iii. Assume the relative frequency distribution is based on a sample of 2,000 women. How many women were less than 30 years old?arrow_forwarda) For each, find the expressions for marginal utilities and the marginal rate of substitution, and determine whether monotonicity and convexity are met.arrow_forward
- Compute the R² using the following information. What does this number mean? Wage = 4.43 +0.61Edu + e n = 1089, SST = 37211.6, SSE 37211.6, SSE 19848.2 R² = = = 0.4666. 46.66% of the variation in wage can be explained by education. R² = 0.5334. 53.34% of the variation in wage can be explained by education. R² = 0.61.61% of the variation in wage can be - explained by education. R² = 0.3043. 30.43% of the variation in wage can be explained by education.arrow_forwardIf Mercedes builds cars in the United States, is their value counted in U.S. GNP?arrow_forwardHanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Month Pasta (dollars per pound) Yogurt (dollars per package) Lemonade (dollars per bottle) January $1.83 $1.14 $2.58 February 1.90 1.04 2.35 March 2.07 0.95 2.54 April 2.26 1.04 2.77 Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $. In February, the total monthly cost was $ and (Click to select). In March, the total monthly cost was $ and (Click to select). In April, the total monthly cost was $ and (Click to select). b. If Hanna's parents want to buy the same…arrow_forward
- A10arrow_forwardHow should be the following given be treated while estimating national income (1) bonus paid to employeesarrow_forwardA cottage industry exists in the home-manufacture of ‘country crafts’. Especially treasured are handmade quilts. If the fourth completed quilt took 30 hours to make, and the eighth quilt took 28 hours. What is the percentage learning? Hint: Percentage learning = 100% - (c2/c1)•100%arrow_forward
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