The Red Cross and WIC (Women Infants Children program) both provide emergency food packages and first aid kits to New York City homeless shelters. The table below shows their weekly production possibilities in providing emergency goods to NYC homeless shelters. Red Cross WIC Food packages First aid kits 300 200 or or 50 20 NYC homeless shelters need a total of 20 first aid kits per week. Currently, they get 10 kits from the Red Cross and 10 kits from WIC. With their remaining resources, how many food packages can each organization provide to NYC homeless shelters? Red Cross: food packages WIC: 100 food packages

The Red Cross and WIC (Women Infants Children program) both provide emergency food packages and first aid kits to New York City homeless shelters. The table below shows their weekly production possibilities in providing emergency goods to NYC homeless shelters. Red Cross WIC Food packages First aid kits 300 200 or or 50 20 NYC homeless shelters need a total of 20 first aid kits per week. Currently, they get 10 kits from the Red Cross and 10 kits from WIC. With their remaining resources, how many food packages can each organization provide to NYC homeless shelters? Red Cross: food packages WIC: 100 food packages

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 31CTQ: If a government gains from unexpected inflation when it borrows, why would it choose to offer...

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64. (This problem assumes knowledge of the basic rulesof baseball.) George Lindsey (1959) looked at boxscores of more than 1000 baseball games and foundthe expected number of runs scored in an inning foreach on-base and out situation to be as listed in the fileP09_64.xlsx. For example, if a team has a man on firstbase with one out, it scores 0.5 run on average untilthe end of the inning. You can assume throughout thisproblem that the team batting wants to maximize theexpected number of runs scored in the inning.a. Use this data to explain why, in most cases,bunting with a man on first base and no outs isa bad decision. In what situation might buntingwith a man on first base and no outs be a gooddecision?b. Assume there is a man on first base with one out.What probability of stealing second makes an attempted steal a good idea?
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If a government gains from unexpected inflation when it borrows, why would it choose to offer indexed bands?
You and a coworker are assigned a team project on which your likelihood or a promotion will be decidedon. It is now the night before the project is due and neither has yet to start it. You both want toreceive a promotion next year, but you both also want to go to your company’s holiday party that night.Each of you wants to maximize his or her own happiness (likelihood of a promotion and mingling withyour colleagues “on the company’s dime”). If you both work, you deliver an outstanding presentation.If you both go to the party, your presentation is mediocre. If one parties and the other works, yourpresentation is above average. Partying increases happiness by 25 units. Working on the project addszero units to happiness. Happiness is also affected by your chance of a promotion, which is depends on howgood your project is. An outstanding presentation gives 40 units of happiness to each of you; an aboveaverage presentation gives 30 units of happiness; a mediocre presentation gives 10 units…
Topic is interestSuppose that i(m)= 0.1844144 and d(m) = 0.1802608What is the value of m?
Suppose that instead Einar short sells 200 shares of German Power Weak Inc. at $40 each. NASDUCK now sets a margin requirement of 30%.(e) How much cash does Einar need to invest?(f) Calculate the margin call of NASDUCK if the price increases to $44.(g) Suppose the price falls to $25. How much cash can Einar take out from his margin account?(h) Suppose he takes out 50% of the amount in part (g). At what price threshold will Einar face a margin call by NASDUCK?
Assume Person A is offered the following game: If they want to participate in the game, theywill need to pay £5. If they participate, they can choose between Option A and Option B.Option A consists of spinning a roulette wheel with 37 different numbers (18 red, 18 black,and 1 green). If the outcome is red, the participant receives £10 and £0 otherwise. Option B isa fair coin flip that yields £5 when heads comes up and £10 when tails comes up.(a) What is the expected value of Option A?(ii) What is the expected value of Option B?(iii) What is the expected value of participating in the game and choosingOption A?(iv) What is the expected value of participating in the game and choosingOption B?(v) How much would the game need to cost to make it a fair game when youchoose Option A?(vi) How much would the game need to cost to make it a fair game when youchoose Option B?(b) Person A chooses to participate in the above described game. Which of thefollowing options can be true regarding…
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Jamal has a utility function 1/2 U W5 , where W is hiswealth in millions of dollars and U is the utility heobtains from that wealth. In the final stage of agame show, the host offers Jamal a choice between(A) $4 million for sure and (B) a gamble that pays$1 million with probability 0.6 and $9 million withprobability 0.4.a. Graph Jamal’s utility function. Is he risk averse?Explain.b. Does A or B offer Jamal the higher expectedprize? Explain your reasoning with appropriatecalculations. (Hint: The expected value of arandom variable is the weighted average of thepossible outcomes, where the probabilities arethe weights.)c. Does A or B offer Jamal the higher expectedutility? Again, show your calculations.d. Should Jamal pick A or B? Why?
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