Questions
Assume downward sloping demand, but perfectly inelastic supply in both years. Assumption BIG holds. In 2026,...

Assume downward sloping demand, but perfectly inelastic supply in both years. Assumption BIG holds.

In 2026, economists estimate that demand was inelastic at the market price for a normal good. If, in 2027, there was a slight reduction in supply, what is the change from 2026 to 2027?

Group of answer choices

TS decreases. PS decreases.

TS decreases. PS increases.

TS decreases. PS may increase or decrease.

TS increases. PS decreases.

TS increases. PS increases.

TS increases. PS may increase or decrease.

In: Economics

Find the inverse of the matrix [ 1 1 4 ] [ 3 2 4 ]...

Find the inverse of the matrix

[ 1 1 4 ]

[ 3 2 4 ]

[ 1 1 6 ]

It is a 3*3 matrix

In: Math

Production Function: ?=2?^2?^1/4. ??????????????????????=12?^2?^―3/4. ????????????????????????=4??^1/4. Wages = $20 Rental Rate = $150 Output = 1000 Solve...

Production Function: ?=2?^2?^1/4. ??????????????????????=12?^2?^―3/4. ????????????????????????=4??^1/4. Wages = $20 Rental Rate = $150 Output = 1000

Solve for the cost-minimizing input bundle.

Graph the isocost line, isoquant, and cost-minimizing bundle. Make sure to label the slope and intercepts.

In: Economics

At December 31, 2017, Hyasaki Corporation has the following account balances: Bonds payable, due January 1,...

At December 31, 2017, Hyasaki Corporation has the following account balances: Bonds payable, due January 1, 2026 $2000000 Discount on bonds payable 88000 Interest payable 80000 Show how the above accounts should be presented on the December 31, 2017, balance sheet, including the proper classifications.

In: Accounting

[ 1 -1 3 -3 5 2 ] A=[ 1 -1 4 -1 9 -4 ]...

[ 1 -1 3 -3 5 2 ]

A=[ 1 -1 4 -1 9 -4 ]

[ -1 1 -3 3 -4 8  ]

[7]

b=[5]

[4]

use the row reduction algorithm to solve the following

Describe the solution set of Ax=b in parametric vector form

describe the solution set of Ax=0 as Span[ V1,V2,....,Vp]

In: Advanced Math

ODE: draw the phase by MATLAB ?′1=−8?12?2 and ?′2=2?14?2

ODE: draw the phase by MATLAB ?′1=−8?12?2 and ?′2=2?14?2

In: Advanced Math

In the 1992 presidential election, Alaska's 40 election districts averaged 2026 votes per district for President...

In the 1992 presidential election, Alaska's 40 election districts averaged 2026 votes per district for President Clinton. The standard deviation was 593. (There are only 40 election districts in Alaska.) The distribution of the votes per district for President Clinton was bell-shaped. Let X = number of votes for President Clinton for an election district. (Source: The World Almanac and Book of Facts) Round all answers except part e. to 4 decimal places.

a. What is the distribution of X? X ~ N(____,____)

b. Is 2026 a population mean or a sample mean?

c. Find the probability that a randomly selected district had fewer than 2046 votes for President Clinton. Show all work (including how to get z and how to convert from z table)

d. Find the probability that a randomly selected district had between 2202 and 2334 votes for President Clinton.

e. Find the third quartile for votes for President Clinton. Round your answer to the nearest whole number.

In: Statistics and Probability

Prepare journal entries to record the following transactions related to long-term bonds of Quirk Co. (a)...

Prepare journal entries to record the following transactions related to long-term bonds of Quirk Co. (a) On April 1, 2016, Quirk issued $2,000,000, 9% bonds for $2,151,472 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2026. (b) On July 1, 2018 Quirk retired $600,000 of the bonds at 102 plus accrued interest. Quirk uses straight-line amortization.

In: Accounting

USE R CODING! Pleaseee I need the code With R coding Obs: it supposed to use...

USE R CODING! Pleaseee I need the code With R coding Obs: it supposed to use probability density function like X ~ Binomial( n ,p ) dbinom(X=?, n, prob) pbinom(X=?, n, prob) rbinmo(幾個符合二項配的X, n, prob) X~Poisson (lamda) dpois(X=?, lamda) ppois (X=?, lamda) rpois (X, lamda)

**Suppose the random variable X obeys the binomial allocation B (n=100, p=0.1)

(a) Use X as the binomial allocation to calculate P(12≤X≤14)

(b) In practice, when np ≥ 5 and n(1-p) ≥ 5, X will approach normal assignment. E(X)=np, Var(X)=np(1-p), using this characteristic to calculate P(12≤X≤14), continuous correction is considered

(c) In practice, when n≥100 and np≤10, X will approach the Budisson distribution, E(X)=np, and use this characteristic to calculate P(12≤X≤14)

In: Statistics and Probability

2. On March 1, 2016, Eagle Group Inc. sold $1,000,000, 9% bonds dated January 1, 2016...

2. On March 1, 2016, Eagle Group Inc. sold $1,000,000, 9% bonds dated January 1, 2016 for $1,105,256 plus $15,000 accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2026. On July 1, 2017 Eagle Group retired $300,000 of the bonds at 105 plus accrued interest. Eagle Group uses straight-line amortization.

   Required:

     Prepare the journal entry to record the redemption of $300,000 bonds on July 1, 2017.

3.

   One way to structure a lease to qualify it as an operating lease for the lessee, but as a capital lease for the lessor is to use different discount rates for the lessees and the lessors. State the other method to achieve the same goal.

In: Accounting