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University of California, Berkeley *
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186
Subject
Economics
Date
Apr 25, 2024
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Q3.1 2 Points Q3.1.1 We want to model the relationship that every trainer must have trained at least one cat. What kind of constraint do we have to add between Trainers and Trains? O Key contraint with total participation O Key constraint with partial participation @® No key constraint with total participation O No key constraint with partial participation
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Related Questions
Consider the following scenario to understand the relationship between marginal and average values. Suppose Jake is a professional basketball player,
and his game log for free throws can be summarized in the following table.
Fill in the columns with Jake's free-throw percentage for each game and his overall free-throw average after each game.
Game
Game Result
Total
Game Free-Throw Percentage
Average Free-Throw Percentage
8/10
8/10
80
80
4/10
12/20
2/8
14/28
4
2/4
16/32
6/8
22/40
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You are working for the chiefeconomist at Microsoft. Microsoft’s only significantcosts to producing and distributing a new version itit’s operating system is $30,000 in wages to itsemployees, $15,000 in computer testing, and$5,000 in utilities. Microsoft’s marketing department estimates that thedemand a new version it it’s operating system is Q = 320 – 0.5 P, with Pmeasured in dollars.What price should Microsoft charge for a new version it it’s operatingsystem? What profit should Microsoft expect?
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Consider the following scenario to understand the relationship between marginal and average values. Suppose Sam is a professional basketball player,
and his game log for free throws can be summarized in the following table.
Fill in the columns with Sam's free-throw percentage for each game and his overall free-throw average after each game.
Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage
Game
1
8/10
80
12/20
14/28
16/32
22/40
2
3
4
5
8/10
4/10
2/8
2/4
6/8
80
On the following graph, use the orange points (square symbol) to plot Sam's free-throw percentage for each game individually, and use the green
points (triangle symbol) to plot his overall average free-throw percentage after each game.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
arrow_forward
Consider the following scenario to understand the relationship between marginal and average values. Suppose Shen is a professional basketball
player, and his game log for free throws can be summarized in the following table.
Fill in the columns with Shen's free-throw percentage for each game and his overall free-throw average after each game.
Game
Game Result
Total
Game Free-Throw Percentage
Average Free-Throw Percentage
1
8/10
8/10
80
80
6/10
14/20
3
1/5
15/25
4
3/5
18/30
8/10
26/40
On the following graph, use the orange points (square symbol) to plot Shen's free-throw percentage for each game individually, and use the green
points (triangle symbol) to plot his overall average free-throw percentage after each game.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
100
90
Game Free-Throw Percentage
80
70
Average Free-Throw Percentage
RCENTAGE
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when selecting the lineup for relays, teams start with the slowest runner and finishwith the fastest. In Beijing 2008, Jamaica were the hot favorites to win the 4 X 100 since theUK and USA were disqualified in the semis. Moreover, Usain Bolt came into the lineup. Thisleft the Jamaicans to make a key decision: Which position should they run Bolt? Look at thesplits both Bolt and Asafa Powell had and mention which position each runner should havecome in in race time.
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Twentyfirst Century Electronics has discovered a theft problem at its warehouse and hasd decided to hire
security guards. The firm wants to hire the optimal number of security guards. The following table shows
how the number of security guards affects the number of radios stolen per week.
Number of Guards
O
1
2
345
Number of Radios Stolen per week
50
30
20
14
8
6
a) If each security guard is paid $200 a week and the cost of a stolen radio is $25, how many security
guards should the firm hire?
b) If the cost of a stolen radio is $25, what is the most the firm would be willing to pay to hire the first
secuirty guard?
c) If each security guard is paid $200 a week and the cost of a stolen radio is $50, how many security
guards should the firm hire?
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The production of soy beans is labour intensive in Malawi, but capital
intensive in the US. This is an example of
O the Stolper-Samuelson Theorem
absolute advantage
O the Heckscher-Ohlin Theorem
O factor intensity reversal
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Help
Save & Ext
Assume that an appliance manufacturer is employing variable resources X and Y in such amounts that the MRPs of the last units of X and Y employed are $80 and $70, respectively Resource X can be hired at $40 per
unit and resource Y at $60 per unit. The firm
Muple Choice
is producing with the les combination of X and Y but could increase its profts by employing more of Xands of
fe
barot raksh ma bet of y
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In Jun 2021, in an attempt to stay healthy and get fit, I signed up for a year membership contract at a local gym,
for which I am agreeing to pay RM300 per month. I also spent RM300 on stylish gym clothes to feel comfortable.
This morning, I was trying to decide whether or not to actually go to the gym. Which of the following was
relevant to my decision?
O a. The fact that I also had to sit for an online economics midterm exam this morning.
O b. The RM300 that I paid the gym this month.
O c.
The RM300 I spent on gym clothes.
O d. All answers were relevant.
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Suppose the local economy experiences an influx of both skilled and unskilled workers, what will happen to prices of goods and services?
Group of answer choices
Since this increases the supply of labor, prices and wages both decrease.
Since this increases the demand for labor, prices and wages both increase.
Since this decreases the supply of labor, prices and wages both decrease.
Since this increases the marginal product of labor, prices and wages both decrease.
A worker on a Texas oil rig is likely to earn _______ than a reception because _________.
Group of answer choices
less; the job has unattractive characteristics.
more; the job is more fun.
more; the job is more prestigious.
more; the job is more dangerous.
please answer two questions
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The first building that is constructed by a construction company will take longer to construct than
the 10th building that is constructed by the same company. This is because the company will become
more efficient at constructing buildings as they do more of them. What is this phenomenon known
as?
O a. Learning-curve effect
O b. Network effect
O c. Customization
O d. Economies of scope
E
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Consider the following scenario to understand the relationship between marginal and average values. Suppose Hilary is a professional basketball
player, and her game log for free throws can be summarized in the following table.
Fill in the columns with Hilary's free-throw percentage for each game and her overall free-throw average after each game.
Game
Game Result
Total
Game Free-Throw Percentage
Average Free-Throw Percentage
1
8/10
8/10
80
80
6/10
14/20
1/5
15/25
3/5
18/30
8/10
26/40
On the following graph, use the orange points (square symbol) to plot Hilary's free-throw percentage for each game individually, and use the green
points (triangle symbol) to plot her overall average free-throw percentage after each game.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
M
m 4 5
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Brewed coffee is one of the most popular drinks in the world and a big market in Singapore. In recentyears Singaporean consumers have become concerned that coffee farmers often receive very lowprices by large coffee companies buying their beans and selling them in international markets. Forthis reason, fair trade coffee has reached supermarket shelves and coffee shops. Because producingfair trade coffee includes providing extra income for the farmers, this product is more costly to makethan other coffee types of comparable quality. Using the demand-supply model, analyse this changein consumer preferences. Examine the likely consequences in one or two markets of your choice. Limits 500 words
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Which of the following was not mentioned
as a primary determinant of performance
for a functional team?
Select one:
O a. how long the current leader has been
in that position
O b. trust and cooperation among the
team members
O c. the organization and coordination of
activities
O d. member agreement about objectives
and strategies
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Football weights The Sears Cup was established in 1993to honor institutions that maintain a broad-based athleticprogram, achieving success in many sports, both men’sand women’s. Since its Division III inception in 1995, thecup has been won by Williams College in every yearexcept one. Their football team has a 85.3% winningrecord under their current coach. Why does the footballteam win so much? Is it because they’re heavier thantheir opponents? The table shows the average teamweights for selected years from 1973 to 1993.a) Fit a straight line to the relationship between Weightand Year.b) Does a straight line seem reasonable?c) Predict the average weight of the team for the year2003. Does this seem reasonable?d) What about the prediction for the year 2103? Explain.e) What about the prediction for the year 3003? Explain.
Year Weight (lb) Year Weight (lb)1973 185.5 1983 192.01975 182.4 1987 196.91977 182.1 1989 202.91979 191.1 1991 206.01981 189.4 1993 198.7
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Describe the results shown in the following graph. 1) What does Estimated Effect
mean here? 2) What do the authors find? 3) Why is the estimated effect near O for 4
months after the implementation of a stay at home order?
12
Months from stay home order
Estimated Effect
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Consider the production problem discussed in class in which 24 labor hours and 4 machinehours are to be allocated between food (x) production and wine (y) production. Suppose theproduction functions for x and y are as follows:Also, suppose the preferences of the agents are given by:Finally, suppose the MRT is given bywhere x and y denote, respectively, the aggregate quantities of food and wine produced.For each of the following allocations, determine whether they are (i) feasible and (ii) Paretoefficient. If they are inefficient, explain intuitively how it is possible to make someone betteroff without making the other person worse-off.a. ((14,2),(10,2),(5,10),(23,18))b. ((8,2),(16,2),(5,14),(11,18))c. ((14,2),(10,2),(14,21),(14,7))
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The concept of opportunity cost is that
the economic cost of using a factor of production is the alternative use of that
factor that is given up.
O the cost of production varies depending on the opportunity for technological
application.
O taking advantage of investment opportunities involves costs.
O in a market economy, taking advantage of profitable opportunities involves
some money cost.
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A textile firm in a competitive industry employs a particularly efficient manager torun the operations at its production facility. In the textile industry, a plant managertypically makes a salary of $4,500 per month. The textile firm employing thesuperior manager faces the LAC and LMC curves shown in the figure below. Inlong-run competitive equilibrium, the price of the product is $9.
D-If the superior plant manager also owned the textile firm, she would earn$___________ of economic profit. Explain your answer.
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Recently, the Boeing Commercial Airline Group (BCAG) recorded orders for more than15,000 jetliners and delivered more than 13,000 airplanes. To maintain its outputvolume, this Boeing division combined efforts of capital and more than 90,000 workers.Suppose the European company Airbus enjoys a similar production technology andproduces a similar number of aircraft but that labor costs (including fringe benefits) arehigher in Europe than in the United States.o Please explain whether workers at Airbus have the same marginal product asworkers at Boeing?
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The following scenario examines the relationship between marginal and average values. Suppose Parker is a high school basketball player. The
following table presents their game-by-game results for foul shots.
Fill in the columns with Parker's foul-shooting percentage for each game and their overall foul-shooting average after each game.
Game
Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage
1
4/5
80
2
3
4
5
FREE-THROW PERCENTAGE
100
On the following graph, use the orange points (square symbol) to plot Parker's foul-shooting percentage for each game individually, and use the green
points (triangle symbol) to plot Parker's overall average foul-shooting percentage after each game.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
90
80
70
60
50
40
30
20
10
0
4/5
2/5
1/4
1/2
4/4
0
6/10
7/14
8/16
12/20
1
2
GAME
0000
3
5
Game Foul-Shooting Percentage
Average Foul-Shooting Percentage…
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Please answer this specificly so o can understand how to do it. Thank you!
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Course dashboard
Generally, economies of scope are present when.
Lutfen birini seçin.
O a joint output is greater from a single firm producing two goods than could be achieved by
two different firms each produoing a single product (assuming equivalent production
anputs in both situations).
O b.egonorues of scale are constant in the joint production of twaproducrs
Oc egonomes of scale are present in the preduction of tvo or more coods
Od.joint.otputis less from a single firm than could be achieved fomtwedifferent firms
SLuations)
SONRAKİ SAYFA
FA
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When making a choice between factor inputs such as labor or equipment, or between
two different kinds of equipment, a profit maximizing firm will choose
O the cheaper, lowest price item, regardless of its productivity
O the highest productivity item, regardless of its price
O the item which yields the most productivity per dollar of price
O none of the above
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Next question
The demand curve is also the
O A. total benefit curve.
B. total cost curve.
O C. marginal deadweight cost curve.
O D. marginal benefit curve.
O E. marginal cost curve.
O Time Remaining: 00:53:28
Next
(ECON202 s2022 online) is based on Bade/Parkin: Foundations of Microeconomics, 9e
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Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, feasible, or infeasible.
Check all that apply.
Point
Inefficient
Efficient
Feasible
Infeasible
A
B
D
E
O O 0OC
OOO O0
O O O O 0
O O O O00
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The president of the local grape growers’association mentions to George that there islikely to be a strike soon over the unionization ofthe grape workers. (Currently they are not represented by any union.) This means that the costsof the grapes might go up by anywhere from 50%to 100%. How might this affect George’s plan?
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Question 3
to the cost of producing the (x + 1)st item?
a Can you think of a cost function, so that the marginal cost at any r is exactly equal
If yes, describe as many such functions as possible. If not, show why such a function cannot exist.
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Though many MNCs espouse and follow rigid codes of social responsibility in their home countries they are often not as diligent with respect to ‘host’ or overseas countries. In 1984 the Bhopal disaster in Madhya Pradesh, India killed 3,787 and impacted a further 558,125 people. The corporation in question was Union Carbide, a majority USA owned company. Indian courts convicted the Chairman and other senior executives of “…causing death by negligence”.
i) Why do you believe that Union Carbide had a less stringent policy in India with respect to negligence than they did in the USA?
ii) What is the way to fix this situation? Explain whether it is legislation or cultural change from MNCs that is required
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A textile firm in a competitive industry employs a particularly efficient manager torun the operations at its production facility. In the textile industry, a plant managertypically makes a salary of $4,500 per month. The textile firm employing thesuperior manager faces the LAC and LMC curves shown in the figure below. Inlong-run competitive equilibrium, the price of the product is $9.
a- . If the superior plant manager also owned the textile firm, she would earn$___________ of economic profit. Explain your answer
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85.3%
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Question
Suppose that research finds a link between high fructose corn syrup (HFCS) and obesity, which then leads American
consumers to switch from HFCS products to pure cane sugar products. The graphs show the markets for cane sugar in Haiti
and the United States before the studies were divulged. Shift the curves in the graphs, including the horizontal world price
curve, to describe the new trade equilibrium that results after the switch in preferences of American households, and then
answer the follow-up question.
Assume that the United States and Haiti are the only non-HFCS sugar trading parties in the world and that there are no quotas,
subsidies, or tariffs distorting these markets.
United States
Haiti
Domestic demand
Domestic demand
10
10
9.
8.
8
6.
World price
World price
4
3
Domestic supply
Domestic supply
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Quantity (thousands of pounds)
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15…
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Related Questions
- Consider the following scenario to understand the relationship between marginal and average values. Suppose Jake is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Jake's free-throw percentage for each game and his overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 8/10 8/10 80 80 4/10 12/20 2/8 14/28 4 2/4 16/32 6/8 22/40arrow_forwardYou are working for the chiefeconomist at Microsoft. Microsoft’s only significantcosts to producing and distributing a new version itit’s operating system is $30,000 in wages to itsemployees, $15,000 in computer testing, and$5,000 in utilities. Microsoft’s marketing department estimates that thedemand a new version it it’s operating system is Q = 320 – 0.5 P, with Pmeasured in dollars.What price should Microsoft charge for a new version it it’s operatingsystem? What profit should Microsoft expect?arrow_forwardConsider the following scenario to understand the relationship between marginal and average values. Suppose Sam is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Sam's free-throw percentage for each game and his overall free-throw average after each game. Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage Game 1 8/10 80 12/20 14/28 16/32 22/40 2 3 4 5 8/10 4/10 2/8 2/4 6/8 80 On the following graph, use the orange points (square symbol) to plot Sam's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.arrow_forward
- Consider the following scenario to understand the relationship between marginal and average values. Suppose Shen is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Shen's free-throw percentage for each game and his overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 1 8/10 8/10 80 80 6/10 14/20 3 1/5 15/25 4 3/5 18/30 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Shen's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Game Free-Throw Percentage 80 70 Average Free-Throw Percentage RCENTAGEarrow_forwardwhen selecting the lineup for relays, teams start with the slowest runner and finishwith the fastest. In Beijing 2008, Jamaica were the hot favorites to win the 4 X 100 since theUK and USA were disqualified in the semis. Moreover, Usain Bolt came into the lineup. Thisleft the Jamaicans to make a key decision: Which position should they run Bolt? Look at thesplits both Bolt and Asafa Powell had and mention which position each runner should havecome in in race time.arrow_forwardTwentyfirst Century Electronics has discovered a theft problem at its warehouse and hasd decided to hire security guards. The firm wants to hire the optimal number of security guards. The following table shows how the number of security guards affects the number of radios stolen per week. Number of Guards O 1 2 345 Number of Radios Stolen per week 50 30 20 14 8 6 a) If each security guard is paid $200 a week and the cost of a stolen radio is $25, how many security guards should the firm hire? b) If the cost of a stolen radio is $25, what is the most the firm would be willing to pay to hire the first secuirty guard? c) If each security guard is paid $200 a week and the cost of a stolen radio is $50, how many security guards should the firm hire?arrow_forward
- The production of soy beans is labour intensive in Malawi, but capital intensive in the US. This is an example of O the Stolper-Samuelson Theorem absolute advantage O the Heckscher-Ohlin Theorem O factor intensity reversalarrow_forwardHelp Save & Ext Assume that an appliance manufacturer is employing variable resources X and Y in such amounts that the MRPs of the last units of X and Y employed are $80 and $70, respectively Resource X can be hired at $40 per unit and resource Y at $60 per unit. The firm Muple Choice is producing with the les combination of X and Y but could increase its profts by employing more of Xands of fe barot raksh ma bet of yarrow_forwardIn Jun 2021, in an attempt to stay healthy and get fit, I signed up for a year membership contract at a local gym, for which I am agreeing to pay RM300 per month. I also spent RM300 on stylish gym clothes to feel comfortable. This morning, I was trying to decide whether or not to actually go to the gym. Which of the following was relevant to my decision? O a. The fact that I also had to sit for an online economics midterm exam this morning. O b. The RM300 that I paid the gym this month. O c. The RM300 I spent on gym clothes. O d. All answers were relevant.arrow_forward
- Suppose the local economy experiences an influx of both skilled and unskilled workers, what will happen to prices of goods and services? Group of answer choices Since this increases the supply of labor, prices and wages both decrease. Since this increases the demand for labor, prices and wages both increase. Since this decreases the supply of labor, prices and wages both decrease. Since this increases the marginal product of labor, prices and wages both decrease. A worker on a Texas oil rig is likely to earn _______ than a reception because _________. Group of answer choices less; the job has unattractive characteristics. more; the job is more fun. more; the job is more prestigious. more; the job is more dangerous. please answer two questionsarrow_forwardThe first building that is constructed by a construction company will take longer to construct than the 10th building that is constructed by the same company. This is because the company will become more efficient at constructing buildings as they do more of them. What is this phenomenon known as? O a. Learning-curve effect O b. Network effect O c. Customization O d. Economies of scope Earrow_forwardConsider the following scenario to understand the relationship between marginal and average values. Suppose Hilary is a professional basketball player, and her game log for free throws can be summarized in the following table. Fill in the columns with Hilary's free-throw percentage for each game and her overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 1 8/10 8/10 80 80 6/10 14/20 1/5 15/25 3/5 18/30 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Hilary's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot her overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. M m 4 5arrow_forward
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