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1. What is the equation of the tangent line to the graph of y = t2 at the point t = 1?
2. Consider the differential equation y' = y. Given the initial condition t0 = 0, y0 = 1 and step size 0.1, use the formula for Euler's method to compute by hand t1 and y1.
3. Repeat the above to compute t2 and y2 as well as t3 and y3.
4. Sketch what you have done via Euler's method for the approximate solution so far.
Happiness can be produced with wine and roses according to Q = W1/2R1/4, where W is bottles of wine and R is bouquets of roses obtained per month. If wine costs $20 per bottle and roses cost $60 per dozen, the happiness-maximizing combination of wine..
Suppose the government regulates the price of a good to be no lower than some minimum level. Can such a minimum price make producers as a whole worse off? Explain.
some charge that the crisis of 2008 was caused by the greed of wall street firms and other bankers. do you agree with
Just because something is useful doesn't mean it brings someone utility and vice versa. With this being the case, provide two examples of a good or service that are useful and will bring a certain individual utility because of their usefulness. Also,..
When the Fed buys government securities in the open market, the money supply ________ because ________. In the quantity theory of money, the assumption that aggregate output is fixed is based on the view that ________.M1 differs from M2 because _____..
1. recently the obama administration proposed a 1.00 per unit pack excise tax on cigarettes which would be imposed
What price and quantity does the monopolist sell in market two
Does a cubic equation appear to be suitable specification given these data? You may wish to construct a scatter diagram to help you answer this question. Using a computer for regression analysis, estimate your firm's short run production function usi..
If 50 applicants are chosen at random, what is the probability that 17 or more of them will meet the GPA threshold? (Note: You’ll want to use your answer from part a. If you’re not sure about this answer (and even if you are), be very clear about yo..
A mass transit subsidy will result in auto use and mass transit ridership levels that are closer to their social optimums than would occur without the subsidy. Use the graphical model discussed in class to explain the effect of a mass transit subsidy..
assume that the companys is considering a merger. the possible merger currently faces some threats and that the
You are told that 75 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $25 billion.
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