Problem 3 Suppose you have the following value function: (x)2 for gains and v(x 3r for...
Problem 1 Suppose you have the following value function: ()-2r for gains and()3r for losses. You have an endowment of 4 apples and 3 bananas, draw your indifference curve given the value function.
Suppose you have the following value function: u(z) 2 r for gains and v(z) 3r fr losses. You have aeowment of 4 apples and 3 bananas, draw your indifference curve given the value function Problem2 1) Suppse Dr Wu has four siblings. You know the oldest and the youngest of Dr Wu's siblings are men. What is the relevant outcome space now? (Order matters!) 2) Please answer true or false for the following questions and provide explanations . You are...
Suppose you have the following value function: u(z) 2 r for gains and v(z) 3r fr losses. You have aeowment of 4 apples and 3 bananas, draw your indifference curve given the value function Problem2 1) Suppse Dr Wu has four siblings. You know the oldest and the youngest of Dr Wu's siblings are men. What is the relevant outcome space now? (Order matters!) 2) Please answer true or false for the following questions and provide explanations . You are...
Your grandfather purchased a house for $45,000 in 1952 and it has increased in value according to a function y = v(x), where x is the number of years owned. These questions probe the future value of the house under various mathematical models. (Let x = 0 represent the year 1952.) Your grandfather purchased a house for $45,000 in 1952 and it has increased in value according to a functiony-x), where x is the number of years owned. These questions...
6. Linear Approximation a. Suppose you have a function f(x), and suppose you know df|3 = −4 dx. What is the equation of the tangent line to y = f(x) at x = 3, if f(3) = 7? And give an estimate of f(2.8). b. The volume of a sphere of radius r is V = 1 3 πr3 . Find dV in terms of dr. Then find dV V in terms of dr r , and use it to...
suppose you have a particle that starts at x=10m and v=0 and oscillates around an equilibrium position of x=0 with a period of 1 sec. what is the position, velocity, and acceleration as a function of time(t)?
1. Suppose the random variable X has the following probability density function: Problem Set: 1. Suppose the random variable X has the following probability density function: p(x) = fcx 0sxs2 10 otherwise. ] Note this probability density function is also of the form of an unknown parameter c. (a) Determine the value of c that makes this a valid probability density function. (b) Determine the expected value of X, E[X]. (c) Determine the variance of X, V(X).
Suppose you wanted to write a function to swap the value of two integers. int x = 10; int y = 20; // call the swap function on x and y // now x = 20, y = 10 Using C, write such a function.
Sct l 1.2. Tn a plane strain problem, we have -20 coapsi, ơ,--1000) psi -30 x 10°psi,v.3 Determine the value of the Stress". 1.3. If a displacement tield is described hy determine e, . epT" al te point x-1.)-. し8. A long rod is s tjected ta loading anda temperature rerate of 3r c ne total strain at paint 's measured to he 1.2 10-s If E-200 GPa and α-12 x 1r'nc. determine the stress at the point. Sct l...
3. Suppose your utility function is You have a house whose value is $1,000,000. If an earthquake comes, it will destroy your house and its value will be zero. An insurance company provides insurance for the natural disasters. However they cannot provide full insurance to the house. They provide insurance up to S 500,000. The probability of the earthquake is 0.01%. The insurance fee is $ 0.02 per $1 insured asset (ie, If your insure $500,000, it will give you...