Problem 1. Lisa has an income of $1000 per month. She buys only food and non-food item. In this question, treat non-food as a numeraire, letting the price equal to 1, while the price of food is p. Suppose
Lisa’s preference is to consume exactly 3 units of non-food for every 1 unit of food.
1. Derive her demand for food.
2. If p = 2, how much food does she buy? Suppose the price of food increased by 50 percent, how much food does she buy now? Is her food demand elastic or inelastic? (confirm by calculating the price elasticity of demand: Ed =(∂x1/∂p1)*(p1/x1)
3. Suppose her income doubles, what is the quantity demanded of food and non-food after the income doubles? If there is any change, explain the change in 1-2 sentences1 AnswerEconomics3 years ago
The Brunton compass is now lined up along the strike direction of the sedimentary rock units. The red arrow is pointing along the strike direction. What is the strike direction?
a. it is impossible to tell from this view
b. North 30 degrees East
c. North 30 Degrees West
d. North 330 degrees East
Part BThe Brunton shows that the rock unit has a strike that is indicated by the red arrow. The rock unit is dipping in a non-vertical manner. What are the two possible dip directions for the rock?
a. It is impossible to tell without the actual rock units
b. Roughly SW or SE
c. Nearly N or S
d. North 30 degrees east
What is the direction of strike of the blue (with black dots) bed in this diagram? Notice the N (for North) on the left side of the diagram?
c. North 30 degrees east
d. North 30 degrees west
In the diagram the layers that are labeled GLg103 are in order from youngest to oldest. (G=Youngest and 3=Oldest) What structure is shown?
a. Plunging Syncline
b. Plunging Anticline
Are the following Rock Layer comparisons classified as a Cross Cutting Relationship, Law of Inclusion, or the Law of Superposition?
*Z is older than X.
*Dike Y is youger than Dike Z.
*Layer X is older than Fault W
*M is older than C
*A is the oldest layer.
*Z is younger than M
Geologic layers: Which events came first? Which is the oldest of these items? Part A: Intrusion of E, Intrusion of I, A, or H?
(cont. from the top):
Part B: Folding, E, I or C?
What type of Unconformity is line P?
A. Nonconformity (for most part)
B. Angular Unconformity (for most part)
C. Asymetrial Unconformity
D. Disconformity (for the most part)
What's the youngest of these events?
(J, A, Folding of D, H,O, B and H......or E?)
What caused the red line M?
A. The intrusion of K
B. The intrusion of A
D. It is impossible to say without seeing the rock layers on either side of it
This is an image of an orthoclase crystal. It contains potassium 40 which decays into argon with a half life of 1.2 billion years. A portion of the crystal was sent to a lab where these elements were separated and counted. The results were 102,617 particles of K40 and 1,641,872 particles of Ar 40. From this information determine the age of the crystal.
I marked 4.8 billion as my answer and think I got it wrong. The other choices are:
2.1 Billion, 10 Billion & 2.8 Billion3 AnswersChemistry4 years ago
Presented below are changes in the account balances of Al-Othman Company during the year, except for Retained Earnings. The only entries in Retained Earnings were for net income and dividends. Al-Othman declared dividends of $8,250 and paid dividends of $11,000 during the year. Calculate Net Income.
Account Change during year
Accounts payable 34,000
Accounts receivable (net) 30,000
Accrued Expenses 27,000
Accumulated OCI -19,000
Additional paid-in capital 16,000
Bonds payable -20,000
Common stock 72,000
Held-to-Maturity Bonds -15,000
Long Term Prepaids 21,000
Non controlling Interest -2,000
Plant Assets (net) -25,000
Unearned Revenues -13,0001 AnswerPersonal Finance5 years ago
Guys, I'm really struggling to find some real-life applications on this topic. I need to write a paper for that in chemistry. Do you have any suggestions at all? I just need as few ideas now, then I can do some research1 AnswerHomework Help5 years ago
Suppose that the auto loans from a bank are normally distributed with a mean of $23,334 and a standard deviation of 3,412. What is the probability that a randomly selected loan will be for more than $23,334? Answer to three decimal places if necessary.2 AnswersMathematics5 years ago
An Italian restaurant advertises that carryout orders take about 22 minutes. Assume that the time it takes for an order to be ready follows the exponential distribution with a mean of 22. What is the probability that an order will be ready within 17 minutes?1 AnswerMathematics5 years ago
Last Q for my quiz:
Neon Company manufactures widgets. The following data is related to sales and production of the widgets for 2014. Neon had no beginning inventories at the start of the year.
Selling price per unit
Variable manufacturing costs per unit
Variable selling and administrative expenses per unit
Fixed manufacturing overhead (in total)
Fixed selling and administrative expenses (in total)
Units produced during the year
Units sold during year
Calculate the value of Neon’s ending finished goods inventory using absorption costing:1 AnswerOther - Business & Finance5 years ago
Once religion was invented early in the history of mankind, rulers have invented religions to control the masses and gain power & wealth, ever since the days of Hammurabi in Ancient Babylon. The divine right to rule establishes this monopolization of power. Rulers scare people with Heaven & Hell. If you don't believe your ruler is God, if you criticize the King/Queen and think he/she is corrupt, you're going to Hell according to them. Same with the Catholic Church. If you dare own a Bible or disagree with a doctrine, you're a "heretic" and burned at the stake.
I find it very ironic that Christians, Jews & Muslims are always fighting, but are all Monotheistic and share a loving God. Some of them, they share the same prophets, like in Christianity/Islam (Jesus) & Judaism/Christianity (Abraham). Why can't they get along with each other?
I can't take Holy Books seriously when there is no proof that miracles happen. Corrupt priests & pastors wrote the books. There was murder & slavery in the Bible. The Catholic Church didn't want people reading the Bible because of the contradictions and to keep a consistent message (misinterpretations). Luther even wrote an anti-Semitic piece that inspired the Nazi Movement.
Like I said, I don't believe in Heaven & Hell. let's say IF God exists, he cannot interfere with nature & no prophet can claim to have the "Word of God". If God exists, he exists in nature. If souls exist, are they invisible and remain in planet Earth? Thoughts?1 AnswerReligion & Spirituality6 years ago
Our founding fathers were not "Christian". They did not believe Jesus was the divine, they deeply opposed organized religion, believed God couldn't interfere with his creation & nature & believed in no divine prophets like Jesus. These men were very enlightened and had a rational view on religion. Quotes from tonytellingitlikeitis.com8 AnswersPolitics6 years ago
"Allow me to issue and control the money of a nation, and I care not who writes the laws"-Mayer Amschel Rothschild
Where has this quote been documented? I want to be a credible conspiracy theorist. This is what I want my website, tonytellingitlikeitis.com, to be presented like.1 AnswerNha Trang6 years ago
COM 100: The culturally learned value placed on the importance of either doing or being is known as?
The culturally learned value placed on the importance of either doing or being is known as
the power distance value orientation.
the individualism versus collectivism value orientation.
the human versus nature value orientation.
the preferred personality value orientation.
Know the answer? Thanks!1 AnswerOther - Society & Culture6 years ago
I'm writing a paper for a history class and I need to cite the pictures that were on the word doc in the lecture. How would I cite those pictures in MLA, but I don't have the links for the pictures?1 AnswerHomework Help6 years ago
Use an IF function in cell H18 to calculate the commission rate for the total sale for order 1. The commission rate is 2% for all sales that total more than $10 and 1% for all sales that total more than $5. No commission is paid on sales that total $5 or less. Reference the threshold levels (cells F13 and F14) in your logical tests for your IF function and the commission rates (cells G13 and G14) as your "value_if_true" and "value_if_false" arguments. Use appropriate relative and absolute references.
What would be the IF function formula using the given data?2 AnswersHomework Help6 years ago