Consider a hypothetical economy that consists of 20 non-unionized private sector workers whohave the following annual earnings:$18,000 $21,000$9,000 $46,000$82,000 $59,000$12,000 $26,000$13,000 $27,000$76,000 $37,000$61,000 $6,000$14,000 $41,000$22,000 $3,000$23,000$24,000a) Using annual earnings ranges of $10,000 (i.e., 0-$10,000, $10,000-$20,000, and soforth), construct a histogram (absolute frequency distribution) of this economy'sdistribution of personal earnings. What is the mode of the histogram? What is theaverage (mean) level of earnings? What is the median level of earnings? Characterizethe distribution as being normal, skewed leftward, or skewed rightward. Explain.b) Construct a Lorenz curve showing the quintile distribution of earnings for this economy.c) What would be the likely impact of unionization of this entire workforce on the Lorenzcurve? Explain.

Answered: Consider a hypothetical economy that…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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….……………….……………………... ..………..….. In an effort to reduce its inventory, a warehouse runs a sale on its least popular Blu-ray discs. The sales rate (discs sold per day) on day t of the sale is predicted to be 70/t (for t≥ 1), where t = 1 corresponds to the beginning of the sale, at which time none of the inventory of 200 discs had been sold. (a) Find a formula for the total number of discs sold up to day t. C(t) = (b) Will the store have sold its inventory of 200 discs by day t = 70? Yes O No
Consider the table below showing the weekly income tax of a single (civil status) employee in a certain country. Salary Amount of Income Tax Over But not over $0 so + 10% of excess over $44 $0 $44 $44 $222 $222 $764 $17.80 + 15% of excess over $222 $764 $1,789 $99.10 + 25% of excess over $764 $1,789 $3,685 $355.35 + 28% of excess over $1,789 еxces $3,685 $7,958 $886.23 + 33% of excess over $3,685 $7,958 $7,990 $2,296.32 + 35% of excess over $7,958 $7,990 $2,307.52 + 39.6% of excess over $7,990 tow much is an employee's income tax if she earns 800 dollars weekly? 150 dollars and 32 cents 250 dolars and 12 cents (C) 16 dollars D 108 dollars and 10 cents
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Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 400,000 260,000 140,000 40,000 100,000 Average operating assets $ 500,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: Multiple Choice О $20,000. $21,000. $22,000. $23,000.
The following table gives the U.S. national debt for selected years from 1900 to 2013. U.S. Debt ($ billions) U.S. Debt ($ billions) Year Year 1900 1 1990 3233 1910 1 1996 5225 1920 24 2000 5674 1930 16 2005 7933 1940 43 2009 11,957 1945 259 2010 13,529 1955 273 2011 15,476 1965 314 2012 16,067 1975 533 2013 16,856 1985 1823 (a) Using a function of the form y = a*b^x, with x = 0 in 1900 and y equal to the national debt in billions, model the data. (Round your coefficients to four decimal places.) y = (b) Use the model to predict the debt in 2023. (Round your answer to the nearest billion.) $ billion (c) Predict the year in which the debt will be $51 trillion ($51,000 billion).
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