Please explain all the steps!
Let f : R2 → R2 be the affine
transformation which reflects about the line x = 1, then rotates 90
degrees clockwise about the origin. Write f as a matrix M, and use
it to calculate f(2, 2).
Answer the following. Justify your answer. (Can you please solve
this simply or on paper simply? Thank you!)
a) What are the 4 features of perfect competition? Using these
features, is the market for table salt perfect competition (or
close to perfect competition)? Explain each point.
b) What 4 outcomes will a binding minimum wage have, and what 1
outcome has 2 possibilities.
c) Describe economies of scope and economies of experience. Use
a house builder as an example.
d)...
Please explain why and how the following are true.
I. p ⇒(q∧r) is equivalent to (p ⇒q)∧(p ⇒r)
II. Let p(x) and p(x) be defined on an random/arbitrary universe
of discourse. Why, in words, is (∀x)[p(x) ∧ q(x)] equivalent
to[(∀x)p (x)] ∧ [(∀x)q(x)]
1. Which of the following symbols is used to reflect Goodman and
Kruskal's gamma?
a. r2
b. Y
c. β
d. Ø
e. λ
2. Briefly explain how an analyst should interpret the
r2 value in a regression analysis.
3. Explain how a researcher should interpret a correlation
coefficient.
4. When the number of discordant pairs and concordant pairs in a
P-Q relationship is equal, the interpretation is that the variables
_____.
a. are perfectly correlated
b. have a weak...
1. Please explain what is P value.
2. Please explain what is the difference and relationship
between One-Tailed Test and Two-Tailed Test.
3. Please explain what is the difference between Z-statistic
and T-statistic.
Fill in the blanks to make the following statements correct.
Please note that you can simply write the words in your assignment
response.
The shut-down price is the price at which the firm can just
cover
its .
If the average variable cost of producing any given level of
output exceeds the price at which it can be sold, then the firm
should .
If a firm is producing a level of output such that MC
> MR, that firm
should output.
The...
Explain Game Theory and draw an example of a matrix. Please
phrase things clearly/simply so I can understand, as I am still
fairly new to economics. Thank you!!