Mathematics, 01.11.2019 03:31 mismhan01
If u(y) denotes an individual’s utility of having income (or consumption) y, then r = − yu00(y) u 0(y) is called the coefficient of relative risk aversion. (r/y is called the degree of absolute risk aversion.) compute r for the following utility functions (where a1, a2, and rho are positive constants with rho 6= 1, and we assume that y > 0): (a) u(y) = a1 − a2y −2 (b) u(y) = a1 + a2y 1−rho 1 − rho .
Answers: 2
Mathematics, 21.06.2019 20:30
Peter applied to an accounting firm and a consulting firm. he knows that 30% of similarly qualified applicants receive job offers from the accounting firm, while only 20% of similarly qualified applicants receive job offers from the consulting firm. assume that receiving an offer from one firm is independent of receiving an offer from the other. what is the probability that both firms offer peter a job?
Answers: 1
Mathematics, 21.06.2019 23:00
Calculate the average rate of change over the interval [1, 3] for the following function. f(x)=4(5)^x a. -260 b. 260 c. 240 d. -240
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Mathematics, 22.06.2019 00:00
Table of values relation g values x, y 2,2 /3,5 /4,9 /5,13 which ordered pair is in g inverse? a(-2,2) b(-3,-5) c)4,9) d( 13,5)
Answers: 3
If u(y) denotes an individual’s utility of having income (or consumption) y, then r = − yu00(y) u 0(...
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