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Identify the Distribution of the given Random Variable By Homework Help Classof1
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"A bag contains 5 blue balls and 8 purple balls. If 3 balls are chosen randomly and without replacement, form the bag. Let x be the number of blue balls obtained. Then x has a distribution. (a)... More > Poisson (b) Geometric (c) Normal (d) Binomial (e) Hypergeometic "< Less
Calculation of Utility Maximization on Education By Homework Help Classof1
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"(a) Let Household A’s utility function have α = 0.5 = β. What is the household’s utility maximizing bundle? (b) What is the share of Household A’s income spent on... More > education? (c) What is the household’s utility if they consume the maximum amt of G allowed by their budget and an amt of free education provided by the government, EF = 20? (d) Does this household consume more or less education if EF = 20 is provided by the government? (e) Let Household B’s utility function have α = 0.15 and β = 0.85. What is the household’s utility maximizing bundle? "< Less
Analysis Externality on Education By Homework Help Classof1
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"(a) What are some of the positive externalities of education? (b) Why wouldn’t the higher wages received by educated workers be considered a positive externality, while the additional tax... More > revenue received by the government from these higher wages are? (c) Why might higher education provide fewer positive externalities than primary / secondary education? "< Less
Analysis of Expenditure on Education from Macro Perspective By Homework Help Classof1
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"(a) How might there be an increase in total spending on a child’s education in response to providing a fixed level of education? (b) How might there be a ‘crowd-out’ effect... More > from government intervention in the form of providing a fixed level of education? (c) If increased spending leads to a higher level of quality in education, why might there be no change in the quality of education as result from the government provision of a fixed amount of education? "< Less