Prove that every weighted average of three numbers

Assignment Help Business Economics
Reference no: EM13734374

Prove that every weighted average of three numbers x1 < x2 < x3 (with strictly positive weights) is less than x3. Do this by giving letter labels to possible weights for these numbers and comparing the weighted average of x1, x2, x3 to x3. Prove that every weighted average of three numbers x1 < x2 < x3 (with strictly positive weights) is less than x3. Do this by giving letter labels to possible weights for these numbers and comparing the weighted average of x1, x2, x3 to x3.

Reference no: EM13734374

Questions Cloud

What is the equilibrium level of national product : What is the equilibrium level of national product? What is the government's budget surplus?
Find the competitive equilibrium : Bob's utility function is UB = (hB - 1)2sB where hB and sB are his consumption of hamburgers and salads respectively. Let p be the price of hamburgers measured in salads. Alice is endowed with one salad and two hamburgers. Bob is endowed with six sal..
Research on performance appraisal feedback : Your supervisor, Annalise, the Human Resources Director at Matrix, has reviewed your research on performance appraisal feedback and is very impressed with your work.
What is the highest grade : You have four equally weighted tests in a course and your test average in the class has fallen from 90 to 88 to 84 to 81 where is it now. What score did you grt on each exam? You have a final left that is weighted the same as the other tests. What is..
Prove that every weighted average of three numbers : Prove that every weighted average of three numbers x1
Quantity exchanged in the market for gasoline : The Newspaper reported that insurgents in Saudi Arabia had taken over a major oil refinery. What would you predict would happen to the average price and quantity exchanged in the market for gasoline in Saudi Arabia?
What is the efficient number of crabbers : Anyone who has ever eaten crabs from the Chesapeake Bay knows that the quality of crab cakes declines with the square of the distance from the Bay. Thus, one should never order crab cakes at Red Lobster, for example. Unfortunately, crabs have been ov..
What type of retailer is nordstrom : What type of retailer is Nordstrom?  Describe the characteristics it shares with other retailers of this type
Consumer surplus when price is set to average cost : A natural monopolist has a cost structure C(q) = 400 + 25q and faces market demand D(p) = 200 - 2p. Solve for the monopolist's profit, output, and consumer surplus when price is set to average cost.

Reviews

Write a Review

Business Economics Questions & Answers

  Von neumann morgenstern axioms

The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.

  Write down the long-run total cost as a function

Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.

  Illustrate what are the factors which involve demand

Illustrate what are the factors which involve the provide also demand of which good or service. How do you expect the demand also provide of which good or service to change in the next yr.

  What is the expected cost of producing the unit

What is the expected cost of producing the 1000th unit if the cost of producing the first was $850 and the expected learning rate is 90%?

  Illustrate what effect does current supply and currently

Illustrate what effect does the current supply and currently demand have on this product.

  What will be the deadweight loss created by this monopoly

Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?

  Explain why are trade negotiations usually mercantilist

Why are trade negotiations usually mercantilist, ie, why does country A agree to reduce its trade barriers in exchange for country B also agreeing to lower trade barriers, when economic theory says that both A and B benefit

  Why considering that it snows only once every ten years

Why considering that it snows only once every ten years where Joe lives, Joe's expectations are almost always perfectly accurate." Are Joe's expectations rational.

  Assumption of independence of risks matter in the examples

Why does the assumption of independence of risks matter in the examples of insurance.

  Semiconductor chips are used to store information

Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).

  Q1 assume you are part of a research team evaluating a

q1. assume you are part of a research team evaluating a proposal to clean up a dangerous squander site. you are in

  What is the relationship between the multiplier and the

What is the relationship between the multiplier and the marginal propensities? Explain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd