Answer: A
Step-by-step explanation:
A.) the substitution effect would predict Ethan would consume less books and more movies and the income effect would predict he would consume less of both.
B.) the substitution and income effects would both predict Ethan would consume less of both goods.
C.) the substitution effect would predict Ethan would consume more books and less movies, and the income effect would predict he would consume less of both.
D.) the substitution and income effects would both predict Ethan would consume more of both goods.
If he continuos to buy 4 books ans 6 movies the total amount is $170, that he does not have. He has to buy less books or go less to the movies.
A global efect of a certain good (X) price rise can be divided into 2 efects:
- substitution effect: indicates a demand reduction of X, resulting from the price rise, making X less atractive to consumption
- income effect: indicates a reduction of the demanded quantity of X resulting from the reduction of the acquisition power created by the rise of X price.
So, answer is A.
Given:
The system of inequalities is


To find:
The values of a for which the system has no solution.
Solution:
We have,
...(1)
It means the value of x is less than or equal to 5.
...(2)
It means the value of x is greater than or equal to a
Using (1) and (2), we get

But if a is great than 5, then there is no value of which satisfies this inequality.
Therefore, the system has no solution for a>5.
Answer: The charge was right.
Step-by-step explanation:
If he charged $18 per hour, it means he charged $18 for 60 minutes. He worked for 2 hours 15 minutes which is (60 ×2) + 15 = 135 minutes. For 135 mins, (135 ×18)÷ 60 = 40.5.
He drove 21 miles to his house and 21 miles back. That is 21×2= 42. And for $0.27 = $11.34.
Adding the costs, 40.5 + 11.34 = $51.84
Answer:
a: 28 < µ < 34
Step-by-step explanation:
We need the mean, var, and standard deviation for the data set. See first attached photo for calculations for these...
We get a mean of 222/7 = 31.7143
and a sample standard deviation of: 4.3079
We can now construct our confidence interval. See the second attached photo for the construction steps.
They want a 90% confidence interval. Our sample size is 7, so since n < 30, we will use a t-score. Look up the value under the 10% area in 2 tails column, and degree of freedom is 6 (degree of freedom is always 1 less than sample size for confidence intervals when n < 30)
The t-value is: 1.943
We rounded down to the nearest person in the interval because we don't want to over estimate. It said 28.55, so more than 28 but not quite 29, so if we use 29 as the lower limit, we could over estimate. It's better to use 28 and underestimate a little when considering customer flow.
114
1^3 + 1^3 + 4^3 = 1 + 1 + 64 = 66
99 - 66 = 33
33/3 = 11
1 + 1 = 2
I am not sure of the exact way to solve this....I just did it by trial and error