Suppose that the following utility function is given U(X,Y) = -x+YWhich of the following iscorrect?Both X and Y are bads and indifference curve is negatively sloped.X is a good and Y is a bad and indifference curve is negatively sloped.Yis a bad and X is a good and indifference curve is positively slopediBoth X and Y are goods and indifference curve is negatively sloped.

Answered: Image /qna-images/answer/32e8e4ed-b01a-4c52-95d6-84505ad9a098.jpg

Answered: Suppose that the following utility…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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10:31 Determine whether the scatter diagram indicates that a linear relation may exist between the two variables. If the relation is linear, determine whether it indicates a positive or negative association between the variables. Use this information to answer the following. O A. The variables have a negative association. B. The variables have a positive association. C. The relationship is not linear. ||| 400- 300- 200- = 100+ 0- O 0 VO) 1 22 ...| 46 | 1 16% 2 Explanatory Do the two variables have a linear relationship? O A. The data points have a linear relationship because B. The data points do not have a linear relationship they lie mainly in a straight line. because they lie mainly in a straight line. $ OC. The data points have a linear relationship because O D. The data points do not have a linear relationship they do not lie mainly in a straight line. because they do not lie mainly in a straight line. If the relationship is linear do the variables have a positive or negative…
Example 1 : Find the probability of drawing 2 red balls in succession from a bag containing 4 red and 5 black balls when the ball that is drawn first is (i) not replaced (ii) replaced.
Problem A Which of the following sets are linearly dependent? Select all possible answers. 12 } 1 3. { 2 3. 21 4 |} 000 0000 7
Suppose there are N customers who are distributed along the linear street. Consumers will buy exactly one unit of the product as long as the price paid and other costs are lower than the value derived from consuming the product (V). Consumer incur transaction cost 2d where d is the distance travelled. Suppose there are two firms and the marginal cost of production is 5. There are 2 firms. (i) Find the location of the indifferent customer is price charged by firm 1 is P1 and price charged by firm 2 is P2. (ii) Find the demand functions for the two firms. (iii) Find the best response functions of each firm. (iv) What is the Bertrand Nash equilibrium? (v) Also find the aggregate profit of the market
7.) 7.) which of the following describes a direct relationship between and independent and a dependent variable, after controlling for a third variable? a. the bivariate relationship changes acress the partial tables. b.one partial table is the same as the bivariate table, the other(s) are very different c. the bivariate realtionship is the same across the partial tables d. the partial tables have many empty cells.
2. Values of x and y are thought to be related by a law of the form y = ax + blnx, where a and b are constants. By drawing a suitable graph, test whether this is so and determine the values of a and b. X y 10.4 8.14 32.0 12-8 62-8 95-7 16.3 19-2 136 22.1 186 25-3
f. A drapper is required to supply two types of shirts type A and type B. The total number of shirts must not be more than 400. He has to supply more of type A than type B. However, the number of type A must not be more than 300 and the number of type B shirts must not be less than 80. Let x be the number of type A shirts and y be the number of type B shirts. If the profits were as follows: Type A Ksh 600 per shirt Type B Ksh 400 per shirt. Formulate a Linear Optimization Model, hence use the graphical method to determine the number of shirts of each type that should be made to maximize the profit.
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6. The population of Deweyville, TX over the past few years is given below 2005 Year 1995 2000 2010 Рор. a. Find a linear function P(x) that models the population of Deweyville where x is the numbers of years since 1995. (i.e. x = 0 for 1995) 1195 1165 1135 1105 b. Use P(x) to find the population of Deweyville in 2016 c. Find the x-intercept and interpret what it means according to Deweyville's Population.

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