Indicate if the variable is discrete or continuous.

a) Total full-time employees

b) Agency name

c) The movie rating system (viz., G, PG, PG-13, etc.)

d) Health rating (0-100) for a restaurant

e) Hurricane level (1-5)

f) Ground wind speed of a hurricane

g) A final exam score for a class

h) Land use classification (such as residential, commercial, mixed use)

i) Drug treatment center name

j) Building permits filed by year

k) Property tax rate (millage)

l) Amount of lead in drinking water

m) Level of government (local, state, federal)

n) Number of visitors to a state park

o) Degree of a felony charge (1st, 2nd, 3rd)

p) Form of municipal government (commission, mayor-council, council-manager)

q) Management level (front, middle, senior)

r) Highest degree of education

s) Average training cost per employee

t) A state government’s bond rating

u) The inflation rate

v) Federal disaster area designation

Part I and Part II are independent. Please answer both parts.

Part I: During a year of operation, a firm collects $450,000 in revenue and spends $100,000 on labor expense, raw materials, rent and utilities. The firm’s owner has provided $750,000 of her own money instead of investing the money and earning a 10 percent annual rate of return.

1A. The accounting costs of the firm are

1B. The opportunity cost is

1C. Total economic costs are

1D. Accounting profits are

1E. Economic profits are  

The answers I have for these are:

1A. The accounting costs of the firm are                                                      $100,000

The accounting costs of the firm, or the explicit costs were

expressed in the question as $100,000.                          

1B. The opportunity cost is                                                                        $75,000

The opportunity cost, or implicit cost is calculated as the owner’s

own money*the rate of return (both expressed in the question).

$750,000*.10=$75,000

1C. Total economic costs are                                                                     $175,000

The total economic cost is calculated as the implicit cost (1B)

+ the explicit cost (1A).

$75,000+$100,000=$175,000

1D. Accounting profits are                                                                         $350,000

Accounting profits are calculated as the revenue

(from the question)-explicit cost (1A).

$450,000-$100,000=$350,000

1E. Economic profits are                                                                           $275,000

Economic profits are calculated as revenue

(from the question)-economic cost (1C).

$450,000-$175,000=$275,000

Part II: Higher personal taxes in the U.S. will affect personal disposable income which in turn will affect the domestic demand for goods and services. Costs of production and inputs however continue declining. What do you expect the U.S. output and prices in the near future. Assume we are moving from the old equilibrium to a new equilibrium. Please state clearly your assumptions and include a graph to support your answer.

Find a Formula for the degree 2 Taylor polynomial T₂(x,y) at (a,b)=(pi/2,0). Do not simplify your formula. Use a 3d graphing tool to verify T2(x,y) does a good job of approximating f(x,y) near (a,b)

What did Keynes mean when he said “Markets can stay irrational longer than you can stay solvent”? Explain how that process led to failures or near failures of such companies as Lehman Bros., Merrill Lynch, Wachovia, Bear Stearns and others.

Use matlab to plot Taylor approximation for f(x) for x near 0 Given f(x) = exp(x)

Use subpots to plot and its absolute and realative erros for N= 1,2,3

PLease give matlab code for Taylor and explain in detail, Thank you

A cylindrical bucket sitting on the edge of a table has a 2.95 mm diameter hole near the bottom. Water squirts out the hole as shown in the figure below. If the height of the table is H = 2.00 m, determine the height h of the water level in the bucket.

The answer is not 15.23 cm

What did Keynes mean when he said “Markets can stay irrational longer than you can stay solvent”? Explain how that process led to failures or near failures of such companies as Lehman Bros., Merrill Lynch, Wachovia, Bear Stearns and others.

The absolute zero temperature is equal to 0 k or -273.15. Why we cannot create objects with even lower temperature than 0k? Why the absolute zero temperature exists? What happens ( on microscopic scale) to atoms and molecules when their temperature is near the absolute zero?

8. Explain the muscles involving eye movements and nerves that innervate them. Explain how you determine eye function (movement) as a health care practitioner when you assess your patients.

What does near sighted and far sighted mean and the physiology of this condition.

When Terry’s father hides his favorite toy under a blanket, he acts as though it no longer exists, and he makes no attempt to retrieve it. Terry is clearly near the beginning of Piaget's ________ stage.

a. concrete operational

b. sensorimotor

c. preoperational

d. formal operational