Higher demand than supply

Assignment Help Business Economics

Reference no: EM138254

Q1. Give examples of two consumer goods in your daily life. Any goods from all should be of higher demand than supply; the other good should show higher supply than demand. Examples may vary, i.e. from healthy food to wrist watches.

Q2. Let a random variable X be distributed as N (0,1). Now suppose that a second random variable, Y, is constructed as the product of X and an independent random variable Z, which equals 1 with probability ½ and -1 with probability ½. What is the (marginal) distribution of Y? What is the covariance between X and Y? What is the distribution of X conditional on Y?

Reference no: EM138254

Questions Cloud

Monopolies and monopolistically competitive firms : How do prices, output, and profits differ between monopolies and monopolistically competitive firms.

Point that is feasible but inefficient : Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.

Government data that computes averages : Government data that computes averages, such as the consumer price index, are applicable to everyone.

What amount of equity method income : What amount of equity method income would Russell recognize in 2013 from its ownership interest in Thacker.

Higher demand than supply : Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.

About tracking the us economy : What is your thought about tracking the U.S. Economy and Unemployment and Inflation.

Explain why purchasing power parity : Explain why purchasing power parity measures of income levels tend to show smaller differences between poor and rich country

Purchase more chips : If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.

Human failures that led to the disaster : Evaluate whether and to what extent the human failures that led to the disaster can and will be corrected.

User Account

All Pages