Question

In: Economics

You have an economics test in two weeks. It will cover both micro- and macroeconomics. Each part will be worth 50 points.

You have an economics test in two weeks. It will cover both micro- and macroeconomics. Each part will be worth 50 points. You have a total of 100 hours that you can spend studying for this exam. For the first 15.0 hours you spend studying microeconomics, you will get one point more for each additional hour of studying. After that, you will get one point more for each three hours you spend studying, up to the maximum possible of 50 points. Macroeconomics is different. For your first 20.0 hours of studying you will get one point for each 45 minutes you spend studying. After that, you will get one point for each 1.5 hours you spend up to the maximum of 50 points. How many hours in total should you spend studying macroeconomics? No units, no rounding. 

Solutions

Expert Solution

Answer : For macroeconomics :

20 hour = 1200 minutes

For first 20 hour,

45 minutes study gives 1 point

1 minute study gives = 1 / 45 point

1200 minutes study gives = (1 / 45) * 1200 = 26.7 points

Remaining points = 50 - 26.7 = 23.3 points

1.5 hour = 90 minutes

After 20 hours,

1 point requires 90 minutes study

23.3 points requires = 90 * 23.3 = 2097 minutes study

2097 minutes = 34.95 hours = 35 hours

For 50 points total requires study time = 20 hours + 35 hours = 55 hours.

Therefore, here for macroeconomics the required total study time is 55 hours.


Related Solutions

You have an economics test in two weeks. It will cover both micro- and macroeconomics.
You have an economics test in two weeks. It will cover both micro- and macroeconomics. Each part will be worth 50 points. You have a total of 100 hours that you can spend studying for this exam. For the first 15.0 hours you spend studying microeconomics, you will get one point more for each additional hour of studying. After that, you will get one point more for each three hours you spend studying, up to the maximum possible of 50...
You have a portfolio with two bonds worth $100 each. Each bond has a 4% probability...
You have a portfolio with two bonds worth $100 each. Each bond has a 4% probability of defaulting. If the bond defaults it is worth $0. If it does not default it is worth $100. Defaults are independent of each other. What is the 95% VaR of each bond, and of the portfolio?
QUESTION 1a) Suppose you own 10,000 shares that are worth £50 each . i) Evaluate how...
QUESTION 1a) Suppose you own 10,000 shares that are worth £50 each . i) Evaluate how put options can be used to provide you with insurance against a decline in the value of your holding over the next four months. ii) Construct a payoff diagram to illustrate your answer. (b) Suppose that zero interest rates with continuous compounding are as follows: Maturity (years) rate per annum % 1 2.0 2 3.0 3 3.7 4 4.2 5 4.5 Calculate forward interest...
Given these sales figures over the last 7 weeks, your boss needs you to test two...
Given these sales figures over the last 7 weeks, your boss needs you to test two different forecasting methods (parts a and b below) to determine which method is best. For your measure of “best”, recommend to your boss that the company should use the method with the lowest mean absolute deviation (MAD). Then use that method to provide your forecast for week 8 in part c. Week                        Unit Sold 1                                 9,040 2                                 11,150 3 9,420 4                                 10,310 5                                 11,950...
1.      Two independent forecasting methods have been used each week for the past 5 weeks. The...
1.      Two independent forecasting methods have been used each week for the past 5 weeks. The forecasts and actual sales are as follows. Week Actual Sales (number of units) Sales Forecasts (number of units) Method 1 Method 2 Five weeks ago 20 18 21 Four weeks ago 19 19 20 Three weeks ago 21 20 19 Two weeks ago 18 19 17 Last week 22 23 22 a.      Calculate the Mean Absolute Deviation (MAD) measures for forecasting methods 1 and...
You have a portfolio worth $100,000 consisting of two stocks, A and B. You invested $30,000...
You have a portfolio worth $100,000 consisting of two stocks, A and B. You invested $30,000 in stock A and the remainder in Stock B. Consider the following information: Type your answers in the appropriate section showing all steps of your work State of the Economy Probability Of State Return on A Return on B Growth 0.25 15% 8% Normal 0.50 5% 20% Recession 0.25 -10% 25%                 Expected return 3.75% ??                                               Standard deviation ??               6.26% a) What is the...
In part two you will submit a copy of the notes you have made for the...
In part two you will submit a copy of the notes you have made for the following sections of the ARRT content specifications (5 points): 1. Radiation Physics and Radiobiology A. Principles of Radiation Physics 1. x-ray production a. source of free electrons (e.g., thermionic emission) 3. x-ray beam ​b. beam characteristics ​​1. quality ​​2. quantity ​​3. primary versus remnant (exit) ​​ 4. photon interactions with matter ​​​a. Compton effect ​​​b. photoelectric interaction ​​​d. attenuation by various tissues ​​​​1. thickness...
Part II. Indicate whether you would perform a z test, two-sample t test, paired t test,...
Part II. Indicate whether you would perform a z test, two-sample t test, paired t test, or ANOVA for the following research question? All the outcomes are continuous variables.   A group of adolescent boys was offered interpersonal skills counseling and then tested in September and May to see if there was any impact on family harmony. 3 groups of participants were exposed to different levels of treatment for ankle sprain. Which treatment was more effective? 1 group of men was...
In the past two weeks you have learned about the relational data model and hopefully had...
In the past two weeks you have learned about the relational data model and hopefully had some practice creating a normalized relational schema through the use of entity/relationship modeling. Based on what you know, please think about various types of software application. Consider what the databases that back these applications might look like. Describe at least one application--whether already existing or hypothetical--for which you believe the relational model would NOT be a good fit. Explain why. Describe another application--already existing...
Economics Hypothetical Scenarios: Please Answer both of them thank you 1.a) Think about two people: a...
Economics Hypothetical Scenarios: Please Answer both of them thank you 1.a) Think about two people: a poor person and a rich person. Let each person have the same nicotine habit (i.e. they consume cigarettes at the same rate) and suppose the government imposes a tax on cigarettes to pay for health care, who is hurt more by the tax? Why? b)Assume that I have a doughnut, and you have a doughnut, and there is one doughnut lying on the ground....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT