Using the multiplier process, explain the effect of a rise in investment on output and price in
an economy.
Why do we decompose the price effect into income and substitution effects?
2) Explain the lexicographic ordering of preferences
3) What problem could arise with consumers’ net demand functions as any price becomes zero? What axiom of consumer theory is involved here? How might it be changed to exclude this possibility?
4) Why will a firm never plan to supply an output at which it has increasing returns to scale?
a farmer produces seeds in pckets for sale. the provbility that seed selected at random will grow is 4/5. if 20 seeds are sown what is the probability that
(A) less than 2 will grow
(B) Less than 2 will not grow
(C) Exactly half the seed will grow
(d) exactly 2 will grow
In his application form, one of the questions is, “Have you ever been convicted of a criminal offence ?” Matias answers “no” and certifies, by his signature, that this
information is accurate and complete. An interview is scheduled for Matias with Donna, the manager of
HR. Omicron Ltd makes an offer of employment to Matias. The offer requires
that Matias consent to the company conducting a criminal records check. Matias consents. However, the
criminal records check will not be completed before Matias starts work for the company; the process can
take up to 4 months. The offer of employment contains a
comprehensive termination provision: “The Company may terminate your employment, at any time and
without notice, without a cause. Four months after Matias starts working at the company, Donna receives
the results of his criminal background check. It reveals that 5 years before being hired, Matias had been
convicted of a criminal offence for which a pardon had not been granted. What should Donna
advise?
Write a MatLab program to find the value of ×, y and z using Gauss-Elimination method in
the following equations
2x+4y + 2 - 3;
3x+2y - 2z= -2;
x-y+z=6.
What are the role of the School Based Assessment Team to teachers?
Write a MatLab program to solve the following system of equation using Gauss-Seidel
methad:
54x+y+2=110;2x+ 15y+6z=72;=x+6y+272=85
In relation to some of theoretical paradigms you have engaged with,discuss the systems perspective, using your own words, and provide weick's views on it.
The process that the public uses to log/register complaints begins with the loading of the complaint on the Online Portal or Mobile App. All loaded complaints will be in the ComplaintLoaded state. Complaints can either be accepted (through the acceptance option) or rejected (through the reject option). All accepted complaints will be in the ComplaintsAccepted state and rejected complaints will be in the Complaints Rejected State. For both Accepted and Rejected Complaint, there is a send notification option that sends notifications out. The process ends with Notification Sent state for all the notifications that are sent out. The Online Portal or Mobile App has a mechanism to check the details of the complaint before accepting or rejecting.
Analyse the process used to log or register a complaint and create a state machine diagram