TRUE OR FALSE QUESTION please explain the reason briefly (few
sentences is okay)
Jon’s utility function is U(a, b) = ab, where a is his
consumption of apples and b is his consumption of bananas. If
prices and income change in such a way that Jon’s oldconsumption
lies on his new budget line, then Jon will not change his
consumption bundle.
True or False (please explain the reasons of why you choose true
or false)
1. A producer can charge a price far greater than marginal cost
and earn large profits so long as barriers to entry prevent
competitors from entering the industry.
2. Relative to competitive pricing, oligopoly pricing increases
producers’ profits, reduces consumers’ surplus, and (in net)
reduces social surplus.
. TRUE/FALSE: (Please use one sentence to explain why it is
FALSE if you decide that one statement is FALSE)
(a) The regression through origin model is designed to fit count
responses only
(b) The Bonferroni method is always the best way of computing
joint CI's of the mean responses, i.e., provides the group of CIs
with the narrowest ranges which achieves the claimed family
confidence coefficient.
(c) When you want to obtain the smallest variance of the
"regression coefficient...
For the questions below, answer if the statement is true or
false and explain how you reach to your conclusion.
a. The Clausius statement of the second law denies the
possibility of transferring energy by heat from a cooler to a
hotter body?
b. The COP if a reversible refrigeration cycles is always equal
to the COP of an irreversible refrigeration cycle when each
operates between the same two thermal reservoirs.
c. The Kelvin–Planck and Clausius statements of the second...
7. Answer True or False
for each of the following.
Please Explain why
Government spending can raise
Aggregate Demand and real GDP in the Classical model.
Classical economists said that the
velocity of money is very volatile.
Classical Economists claim interest
rates guarantee that savings will equal investment.
According to money neutrality, the Ms
determines nominal but not real variables.
According to Say’s Law, “demand
creates its own supply”.
Classical economists said that
markets are highly competitive.
In the Classical...
True/False Questions.
For each question below, please answer “true” or “false” and
explain why.
6. A consumer with convex preferences who is indifferent between
the bundles (5,2) and (11,6) will like the bundle (8,4) at least as
well as either of the first two bundles. Assume these two goods are
imperfect substitutes.
7. The marginal rate of substitution is always the same constant
number when the goods are imperfect substitutes and no matter how
many of each good is being...
Indicate whether the statement is true or false. If false,
please explain why. (Note that if the explanation is incomplete,
you may not get the full credits.)
a. Although payroll taxes are imposed on firms, workers bear
more burdens than firms when the elasticity of labor supply is
greater than the elasticity of labor demand. (4 pts)
b. There might be a situation in which dangerous jobs offer
lower wages than safe jobs even if there exist compensating wage
differentials....
TRUE OR FALSE? Please make sure you state why it is true or false.
1. Gases travel into and out of plant leaves through pores
called storma.
2. Mesophyll cells acquire the water required for
photosynthesis by absorbing it from the humid atmosphere.
3. Carbon fixation occurs in both photosynthesis and cell
respiration.
4. Plants store sugars made during photosynthesis is
cellulose, a polysaccharide which serves as the storage form of
carbohydrates fuel.
Please write “true” if the statement is true and “false” is the
statement is false in the space provided:
______ 1. A statistical hypothesis test tests the null
hypothesis rather than the researcher’s hypothesis
______ 2. In most research situations, the goal is to reject the
researcher’s hypothesis
______ 3. A decision to reject the
null hypothesis means that the data do provide evidence of a
treatment effect: the independent variable did have an effect on
the dependent variable
______4....