RELATED QUESTIONS

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  1. The demand for personal computers can be characterized by the following point elasticities: price elasticity = 5, cross-price elasticity with software = 4, and income elasticity = 2.5. Indicate whether each of the following statements is true or false, and explain your answer. A. A price reduction for personal computers will increase both the number of units demanded and the total revenue of sellers. B. The cross-price elasticity indicates that a 5% reduction in the price of personal computers will cause a 20% increase in software demand. C. Demand for personal computers is price elastic and computers are cyclical normal goods. D. Falling software prices will increase revenues received by sellers of both computers and software. E. A 2% price reduction would be necessary to overcome the effects of a 1% decline in income.
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  Read the scenario. Levi examines the effect of fertilizer on the growth of tomato plants. Over a 15-day period, he gives the plants fertilizer on Days 1, 4, 7, 10, and 13. He measures and records the height of all of his plants on Days 3, 6, 9, 12, and 15. His observations are shown in the table below. A data table showing four plants, the amount of fertilizer each is given (in milliliters), and their heights (in centimeters) at 6 separate measuring periods (in days): Plant A: 0 milliliters of fertilizer. Heights: (day 0, 4 centimeters) (day 3, 7), (day 6, 10), (day 9, 12), (day 12, 15), (15, 18). Plant B: 10 milliliters of fertilizer. Height: (day 0, 4 centimeters), (day 3, 9), (day 6, 14), (day 9, 19), (day 12, 21), (day 15, 25). Plant C: 20 milliliters of fertilizer. Height: (day 0, 4 centimeters), (day 3, 12), (day 6, 20), (day 9, 27), (day 12, 34), (day 15, 42). Plant D: 30 milliliters of fertilizer. Height: (day 0, 4 centimeters), (day 3, 13), (day 6, 22), (day 9, 29), (day 12, 38), (day 15, 46).
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  A committee of people is to be selected from a group of 5 men and 4 women. Assuming that the selection is made randomly, what is the probability that the committee consists of 3 men and 2 women?
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  What are your plans for the 4 th of July?
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  A geriatrician wanted to study the problem of diabetes in a nursing home. The nursing home had 300 residents. Among these, 30 residents were already diagnosed as diabetic, and 20 more residents were diagnosed as diabetics after blood glucose and HbA1c tests on Jan 1, 2016. Blood work up was done at 6-month intervals and 50 residents were diagnosed with diabetes over the course of 12 months. What is the incidence rate of diabetes in the nursing home population in the year 2016?
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  if s and t are the two roots of x^2-7x+2=0, the quadratic equation whose roots are s+1 and t+1 is equal to?
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  Can someone explain to me the concept of "playing games with a 💓" because I don't know what that means! What does it mean to play games with someone's 💓?
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  According to Kant, we are obligated to sometimes help others regardless of whether doing so is in our own interest. What an example of a maxim that fails the Universal Law formulation and Humanity Formulation (A maxim has to relate to what Kant states in the beginning sentence)?
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  In a used car market, 50% of the cars are white, and 30% of them have two doors, what is the probability of choosing a white car with two doors?
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  Fort fabricators, Paris France entered into a contract with ABS Computer INC, is Texas U.S.A. The contract provides that Fort Fabricators deliver 1000 personal housings by November 1 to ABS Computer INC, for a total price of 50000 USD. On july 1 Fort fabricators emailed ABS computer that due to a rise in raw material they could not deliver the computer housings for less than 60000 USD, ABS computer inc replied it would insist on the original price in the contract. Fort fabricators did not reply further. From July 1 to October 1, ABS Computer inc could have purchased the substitute housings from other suppliers for 55000 USD. On November 1, ABS computer INC, bought the housings for 64000 for delivery on January 5, because of the delay until January 5; ABS computer Inc, suffered additional damages of 2000. What is the amount of damages the ABS computer INC was entitled to ? Explain