Search & Filtering
Assume that maize is a normal good. If the price of maize rises, then the substitution effect results in the person buying … of the good, and the income effect results in the person buying … of the good.
1.
more, more
2.
more, less
3.
less, more
4.
less, less
Model distillation column with hold up taking necessary valid assumptions?
Model stripping section of an ideal binary distillation column taking valid assumptions
A company produces three products which are interdependent. These are A, B and C. The flow of inputs and outputs between the products is represented in the table below:
Inputs (in thousands of units)
A B C Final demand
Outputs
(in thousands of units) A
B
C 40
60
80 65
130
65 75
75
25 20
60
80
Required:
i) Derive the technical coefficients matrix (3 marks)
ii) Determine the Leontief’s inverse matrix (12 marks)
iii) Compute the output level for each product if the final demand for product A increased by 2000 units, that of product C decreased by 1,000 units and the final demand for product B remained unchanged. (5 marks)
The sum of consumer and producer surplus is a measure of the economic well-being of a society.
Select one:
True
False
If the cost of producing an inferior product rises, and people’s incomes increase at the same time, the equilibrium price will …
1.
decrease.
2.
increase.
3.
stay the same.
4.
be indeterminate.
Suppose the production cost is R1895, labour cost is and equipment renting fee is R 250, determine the number of devices produced
Write a function that takes an array of integers as input and prints the second-maximum difference between any two elements from an array.
The Fibonacci sequence is constructed by adding the last two numbers of the sequence so far to get the next number in the sequence. The first and the second numbers of the sequence are defined as 0 and 1. We get:
0, 1, 1, 2, 3, 5, 8, 13, 21…
Write a function which takes input as a number:
If the given number is a Fibonacci number, print the number
If the given number is NOT a Fibonacci number, print the sum of all odd Fibonacci numbers less than the given number.
write a function that takes an array of integer as output as input and prints the second maximum difference between any two elements from an array
