Recall the auction models from the class. There is single object to be
sold to one of the n potential buyers. Each buyer i has a valuation of vi for
the object. Consider the auction rule where the winner is the highest bidder,
and pays the average of the second highest bid and the minimum
of all the bids, that is, the highest bidder pays b2+min{bi : i∈N}/

Answers

Answer 1

The auction rule you mentioned is known as the "Vickrey-Clarke-Groves" (VCG) auction. In the VCG auction, the highest bidder wins the object but pays the externality they impose on others.

The payment made by the highest bidder is equal to the difference between the social cost with them participating and the social cost without them participating.

In the case of a single object auction with n potential buyers, the VCG auction proceeds as follows:

Each buyer i submits their bid vi for the object.
The highest bidder, let's say buyer j, wins the object.
The payment made by buyer j is equal to the difference between the social cost with them participating and the social cost without them participating.
The social cost with buyer j participating is the sum of the valuations of all other buyers, excluding the highest bid: Σ{vi} (for i ≠ j).
The social cost without buyer j participating is the sum of the valuations of all buyers: Σ{vi}.
The payment made by buyer j is therefore (Σ{vi} - Σ{vi for i ≠ j}).

This payment rule ensures that the winner pays the externality they impose on others, which incentivizes truthful bidding. In other words, it encourages buyers to bid their true valuations because bidding higher or lower than their true valuation would not affect the outcome of the auction but could impact their payment.

The VCG auction is a theoretical construct and may not be practically implemented in all scenarios due to various complexities and practical considerations. However, it serves as a benchmark for understanding desirable properties of auction mechanisms, such as efficiency and truthfulness.

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Related Questions

Test for equality of population means against the alternative that the means are different assuming normality, choosing ? 5% and using two samples of sizes 12 and 18, with mean 10 and 14, respectively, and equal standard deviation 3.

Answers

The p-value (0.0208) is less than the significance level (0.05), we reject the null hypothesis. This indicates that there is sufficient evidence to suggest the case.

Null hypothesis (H0): The population means are equal, μ1 = μ2.

Alternative hypothesis (Ha): The population means are different, μ1 ≠ μ2.

Select the significance level (α): In this case, α = 0.05.

Now, The test statistic for a two-sample t-test is given by:

  t = (sample mean 1 - sample mean 2) / √((s1² / n1) + (s2² / n2))

  where s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.

Here X₁ = 10, X₂ = 14, s= 3, n₁ =12, n₂ = 18

So, t= (10-14) / √(3²/12) + (3²/18) et:

t= (-4)/ √(3/4 + 1/2)

t= -4 / (5/4)

t= -2.7931

Now, degrees of freedom (df):

= (9/12 + 9/18)² / (((9/12)² / 11) + ((9/18)² / 17))

= 25.164

So, the p value will be 0.0208.

As, p-value is less than α (0.0208 < 0.05), we reject the null hypothesis.

Since the p-value (0.0208) is less than the significance level (0.05), we reject the null hypothesis. This indicates that there is sufficient evidence to suggest the case.

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Sarah needs to make 3 pies. She needs 6 apples to make one apple pie, 9 peaches to make one peach pie, and 32 cherries to make one cherry pie. The graph shows how many apples, peaches, and cherries Sarah has.

What combination of pies can she make?

Answers

The combination of pies she can make are:

one cherry pie, one peach pie and one apple pie

How to Interpret Bar Graphs?

A bar graph is defined as a diagram in which the numerical values of variables are represented by the height or length of lines or rectangles of equal width.

We are given the following parameters:

Number of apples to make one apple pie = 6

Number of peaches to make one peach pie = 9

Number of cherries to make one cherry pie = 32

From the bar graph, she has:

26 apples

12 peaches

34 cherries

Since she wants to make 3 pies, then she can make:

one cherry pie, one peach pie and one apple pie

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PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!

Answers

Answer:

pi, and square root of 2

I don't think you're ACTUALLY going to give me brainliest

Find the particular solution determined by the given condition. ds/dt = 16t^2 + 9t - 6; s = 120 when t = 0 The particular solution that satisfies the given condition is s =

Answers

The particular solution that satisfies the given condition is s = (16/3)t³ + (9/2)t² - 6t + 120

To find the particular solution of the differential equation ds/dt = 16t² + 9t - 6 with the condition s = 120 when t = 0, we need to integrate the right-hand side of the equation with respect to t and then solve for the constant of integration using the given condition.

First, let's integrate the right-hand side of the equation:

∫(ds/dt) dt = ∫(16t² + 9t - 6) dt

Integrating term by term, we get:

s = (16/3)t³ + (9/2)t² - 6t + C

Now, we can use the given condition s = 120 when t = 0 to determine the value of the constant of integration C:

120 = (16/3)(0)³ + (9/2)(0)² - 6(0) + C

120 = C

Therefore, the particular solution that satisfies the given condition is:

s = (16/3)t³ + (9/2)t² - 6t + 120

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Can someone help out? No BS please. ​

Answers

Answer:

Angle EHG

Step-by-step explanation:

If you want explanation tell me in comments

Answer:

the correct answer is angle EHB

A combination lock has 38 numbers from zero to 37, and a combination consists of 4 numbers in a specific order with no repeats. Find the probability that the combination consists only of even numbers. (Round your three decimal places). The probability that the combination consists only of even numbers is.

Answers

The probability represents the combination consists only of even numbers as per given condition is equal to 0.020.

Total numbers in combination lock = 38

Numbers from 0 to 37.

To find the probability that the combination consists only of even numbers,

Determine the total number of combinations that can be formed using only even numbers

And divide it by the total number of possible combinations.

Total number of even numbers in the lock

= 19 (since there are 19 even numbers from 0 to 37)

Calculate the total number of combinations using only even numbers,

Use the concept of combinations (nCr).

Since there are 19 even numbers to choose from,

Choose 4 numbers without repetition, the number of combinations is,

Number of combinations

= ¹⁹C₄

= 19! / (4!(19-4)!)

= (19 × 18 × 17 × 16) / (4 × 3 × 2 × 1)

= 3876

Now, calculate the total number of possible combinations without any restrictions.

Since we have 38 numbers to choose from,

and  choose 4 numbers without repetition, the number of combinations is,

Number of total combinations

= ³⁸C₄

= 38! / (4!(38-4)!)

= (38 × 37 × 36 × 35) / (4 × 3 × 2 × 1)

= 194,580

Finally, find the probability by dividing the number of combinations using only even numbers by the total number of combinations,

Probability

= Number of combinations using only even numbers / Total number of combinations

= 3876 / 194580

≈ 0.0199

≈ 0.020 Rounded to three decimal places.

Therefore, the probability that the combination consists only of even numbers is approximately 0.020.

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How many pints is 80 cups

Answers

Answer:

40

Step-by-step explanation:

2 cups = 1 pt

therefore

1/2 is the equation

...

80/2 = 40

Help me with this please

Answers

Answer:

x = 138

Step-by-step explanation:

Exterior angle thm:

68 + 70 = x

x = 138

How many more gift card raffle tickets will
be entered than shopping spree raffle tickets
if there are 500 total raffle tickets?

Answers

Answer:

25 tickets

Step-by-step explanation:

If the answer is wrong, I don't know what to say because the answer I got is 25

The would be 25 more gift card raffle ticket than shopping spree raffle tickets if there are 500 total raffle tickets

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

The shopping spree raffle tickets is 35% while the gift card tickets is 40%. Hence for 500 tickets:

Difference = (40% - 35%) * 500 = 25 tickets

The would be 25 more gift card raffle ticket than shopping spree raffle tickets if there are 500 total raffle tickets

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*HURRY* Kale purchased a new car. The car had a list price of $28,730. Kale made a down payment of $2,750 and financed the rest, paying 4.9% interest compounded monthly over a payment period of four years. If Kale also had to pay 8.4% sales tax, a $750 vehicle registration fee, and an $88 documentation fee, what is his monthly payment

Answers

Answer:

$5934

Step-by-step explanation:

Please answer correctly I will mark you Brainliest!

Answers

Answer:

1047.12in³

Step-by-step explanation:

The volume of the sphere is:

V= 4/3 πr³

Where r is radius

Therefore the volume of each pinata is:

V= 4/3 x π x 5³

V= 523.6in³

The total:

V = 523.6 + 523.6 = 1047.12in³

• The ratio of cookies to eggs was 9 to
1, which means that?
? cookies
could be made using 3 eggs.

Answers

I got shot in the Hebrew morning I was going on the same day lol I was going on the balls in

Hhhhhhhhhhjhhjhhjhjjjjjjhhhhhhhhhh

Answers

Answer:

i know right? It's so difficult till I'm brainless when I try to solving it

Answer:

same tbh

Step-by-step explanation:

I got correct on this question but I wrote some of the numbers in a different order, is it okay if I wrote it in a different order on every question similar like this?

Answers

Answer:

yes and no....It depends if u got the answer correct then u got ur mark but if the teacher expects your answer a certain way then u might lose maybe just 1 mark but dont stress it looks good and u should get full marks

Suppose Nate loses 38% of all thumb wars.

(a) What is the probability that Nate loses two thumb wars in a row?
(b) What is the probability that Nate loses three thumb wars in a row?
(c) When events are independent, their complements are independent as well. Use this result to determine the probability that Nate loses three thumb wars in a row, but does not lose four in a row.

1. The probability that Nate loses two thumb wars in a row is: _______________
2. The probability that Nate loses three thumb wars in a row is:_____________

Answers

a. Probability of losing the second thumb war is also 0.38.

b. Probability of losing the third thumb war is also 0.38.

Given that Nate loses 38% of all thumb wars.

We can use the probability of losing the thumb war as

p=0.38.

The probability of winning is

1-0.38=0.62.

a) Probability of losing two thumb wars in a row is:

P(loses two in a row) = P(loses first) × P(loses second)

The probability of losing the first thumb war is 0.38.

The probability of losing the second thumb war is also 0.38

So,

P(loses two in a row) = (0.38) × (0.38)

= 0.1444

b) Probability of losing three thumb wars in a row is:

P(loses three in a row) = P(loses first) × P(loses second) × P(loses third)

The probability of losing the first thumb war is 0.38.

The probability of losing the second thumb war is also 0.38

The probability of losing the third thumb war is also 0.38.

So,

P(loses three in a row) = (0.38) × (0.38) × (0.38)

= 0.054872

c) When events are independent, their complements are independent as well.

If the probability of winning the thumb war is p, then the probability of losing the thumb war is 1-p.

The complement of "losing three in a row" is "not losing three in a row".

P(not loses three in a row) = 1 - P(loses three in a row)P(not loses three in a row)

= 1 - 0.054872

= 0.945128

The probability that Nate loses three thumb wars in a row, but does not lose four in a row is the probability of losing three minus the probability of losing four in a row.

P(loses three but not four in a row) = P(loses three in a row) - P(loses four in a row)

P(loses four in a row) = P(loses three in a row) × P(does not lose the next)

P(loses four in a row) = (0.38) × (0.38) × (0.38) × (0.62)

= 0.02081416

P(loses three but not four in a row) = 0.054872 - 0.02081416

= 0.03405784

The probability that Nate loses two thumb wars in a row is 0.1444

The probability that Nate loses three thumb wars in a row is 0.054872.

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Tamika is making a flag design in the shape of a parallelogram. Which x- and y-values must she use in order to guarantee that the flag is in the shape of a parallelogram?​

Answers

Answer:

x = 1/2

y = 3

Step-by-step explanation:

Remark

The diagonals of a parallelogram cut each other in half. That means that x lengths are equal and the y lengths are equal

Equations

3y = y + 6

10x = 6x + 2

Solution for x

10x = 6x + 2                     Subtract 6x from both sides

10x - 6x = 6x - 6x + 2

4x = 2                              Divide by 4

4x/4 = 2/4

x = 1/2

Solution for y

3y = y + 6

3y - y = y- y + 6

2y = 6

y = 3

Answer:

Step-by-step explanation:

this is 9th grade math.funfdjvnuvuv

Answers

y = -2/5 x + 22/5 is the required equation of the line passing the coordinates

Determining the equation of a line

The equation of a line in slope intercept form is expressed as y = mx +b

where;

m is the slope

b is the y-intercept

Given the coordinate points (-4, 6) and (6, 2), the slope of the line is expressed as:

Slope = 2-6/6+4

Slope = -4/10
Slope = -2/5

For the y-intercept

2 = -2/5(6) + b

2 + 12/5 = b
b = 22/5

Hence the equation of the line passing the coordinate is y = -2/5 x + 22/5

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can somebody help me please

Answers

Answer:

B

Step-by-step explanation:

Using Pythagoras' identity in the right triangle

x² = 4² + ([tex]\sqrt{5}[/tex] )² = 16 + 5 = 21 ( take the square root of both sides )

x = [tex]\sqrt{21}[/tex] → B

The results of an empirical study reveal the following: n=27, sample mean = 3,000, sample standard deviation = 900. The 90% confidence interval of the true population mean is closet to: = = 2,400 and 3,400 1,200 and 4,800 2,700 and 3,300 0 2,000 and 4,000.

Answers

The 90% confidence interval is approximately 2,400 and 3,400.

The 90% confidence interval of the true population mean can be calculated using the formula: sample mean ± (critical value * standard error). Since the sample size is small (n=27), we need to use the t-distribution and its corresponding critical value. For a 90% confidence level with 26 degrees of freedom (n-1), the critical value is approximately 1.706.

Using the given values, the standard error is calculated as the sample standard deviation divided by the square root of the sample size: 900 / sqrt(27) ≈ 171.97.

Substituting the values into the formula, the 90% confidence interval is approximately 3,000 ± (1.706 * 171.97), which yields a range of approximately 2,424.5 to 3,575.5.

Therefore, the closest option to the 90% confidence interval is 2,400 and 3,400.

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Serenity is going to invest $850 and leave it in an account
for 5 years. Assuming the interest is compounded
annually, what interest rate, to the nearest hundredth of a
percent, would be required in order for Serenity to end up
with $1,130?

Answers

Answer:

5.86

Step-by-step explanation: its right on delta math

Determine whether the following equation is separable. If so, solve the given initial value problem. dy/dt = 2ty +1, y(0) = -3 Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A. The equation is separable. The solution to the initial value problem is y(t) = ___ B. The equation is not separable. 9.3.28

Answers

The equation is separable. The solution to the initial value problem is y(t) = y(0) = -3.

A. The equation is separable. The solution to the initial value problem is y(t) = ___

To determine whether the given differential equation is separable, we need to check if it can be written in the form dy/dt = g(t) * h(y), where g(t) is a function of t only and h(y) is a function of y only.

In this case, the equation is dy/dt = 2ty + 1. We can rearrange it as:

dy = (2ty + 1) dt

Now, we can see that we have both y and t terms on the right-hand side, indicating that the equation is not yet separable.

Therefore, the correct choice is B. The equation is not separable.

Unfortunately, no solution can be provided for the initial value problem y(0) = -3 since the equation is not separable.

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Find the absolute maximum and absolute minimum of the function z = f(x, y) = 3x² – 12x + 3y2 – 12y on the domain D: x2 + y2 < 4. (Use symbolic notation and fractions where needed.)

Answers

The absolute maximum and minimum of the function z = f(x, y) = 3x² - 12x + 3y² - 12y on the domain x² + y² < 4 are not provided.

To find the absolute maximum and minimum of the function z = f(x, y) = 3x² - 12x + 3y² - 12y on the domain D: x² + y² < 4, we need to locate the critical points and examine the boundaries of the domain.

First, we find the critical points by taking the partial derivatives with respect to x and y, setting them equal to zero, and solving for x and y. However, in this case, the given function is a quadratic expression without any cross-terms, so it does not have critical points.Next, we consider the boundary of the domain D: x² + y² = 4, which represents a circle of radius 2 centered at the origin. To find the extreme values on this boundary, we can use methods like Lagrange multipliers or parametrize the boundary and evaluate the function.

Since the absolute maximum and minimum values are not provided, further calculations are needed to determine these values for the given function on the given domain.

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what is the longitudinal position latitudinal position of Nepal ​

Answers

Step-by-step explanation:

I think that is your answer because in the Himalayas it lies between latitudes 26.

For a given confidence interval and significance level, and assuming a relatively small sample size, say 25, the relationship between a T critical value and a Z critical value can be best expressed as: a T-Value > Z-Value a True O False

Answers

T-value is not always greater than Z-value. Therefore, the statement is false

False. The relationship between a T critical value and a Z critical value is not that a T value is always greater than a Z value. The choice between using a T critical value or a Z critical value depends on the specific context and assumptions of the statistical analysis.

In general, when the sample size is small (typically below 30) and the population standard deviation is unknown, a T critical value is used. The T distribution accounts for the additional uncertainty introduced by the smaller sample size, resulting in wider confidence intervals and more conservative hypothesis tests compared to the Z distribution.

On the other hand, when the sample size is large (typically above 30) or the population standard deviation is known, a Z critical value is used. The Z distribution assumes a large sample size, and it is based on the known population standard deviation or the approximation of the sample standard deviation to the population standard deviation.

Therefore, it is incorrect to state that a T-value is always greater than a Z-value. The choice between T and Z critical values depends on the specific conditions and assumptions of the statistical analysis being performed.

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Prove or disprove the following statement: if A, B, and C are
sets with finite cardinalities that satisfy A ∩ B ∩ C = ∅, then |A
∪ B ∪ C| = |A| + |B| + |C|.

Answers

The statement |A ∪ B ∪ C| = |A| + |B| + |C| is true, which means the statement is proven.

Let A, B, and C be sets with finite cardinalities that satisfy A ∩ B ∩ C = ∅.

We have to prove that |A ∪ B ∪ C| = |A| + |B| + |C|.

The addition law of sets states that the cardinality of a union of two finite sets is equal to the sum of the cardinalities of the sets minus the cardinality of their intersection.

Thus, we get: |A ∪ B ∪ C| = |A ∪ B| + |C| − |(A ∩ B) ∪ C| = (|A| + |B| − |A ∩ B|) + |C| − |(A ∩ B) ∩ C| = |A| + |B| + |C| − |A ∩ B ∩ C|.Since A ∩ B ∩ C = ∅, we get |A ∪ B ∪ C| = |A| + |B| + |C|.

Thus, the statement is proven.

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HELP ASAPPPPPPPPPPPPPP

Answers

3.14 x 11 = 34.54

Pi = 3.14 so times by 11 = 34.54

S someone please help me ​

Answers

The correct answer is D the very last one.
the last answer i believe

10 points!! Please give me real help!!

Answers

Answer:

32

Step-by-step explanation:

Please help if you would want brianleist!! :D ^^

Answers

Answer:

384

Step-by-step explanation:

v= L x W x H

v= 4 x 2 x 1.2

v= 9.6

9.6 x 40 = 384

lmk if you have any questions  :)

Answer:

A

Step-By-Step Explanation:

Step One: The first step is to figure out the volume of one. The volume formula is length times width times height. We have all the dimensions so: 4 times 2 times 1.2= 9.6.

Step Two: Now, we just mutiply the number by 40 since there are 40 slabs: 384.

A tank contains 2380 L of pure water. A solution that contains 0.07 kg of sugar per liter enters a tank at the rate 7 U/min The solution is mixed and drains from the tank at the same rate. (a) How much sugar is in the tank initially? 0 (kg) (b) Find the amount of sugar in the tank after t minutes. amount = 166.6(1-e^(-t/340)) your answer should be a function of t) (kg) (c) Find the concentration of sugar in the solution in the tank after 33 minutes. concentration = 166.6 (kg/L)

Answers

The concentration of sugar in the solution in the tank after 33 minutes is approximately 0.00734 kg/L or 7.34 g/L.

(a) Initially, the tank contains pure water, so there is no sugar in the tank. Therefore, the amount of sugar in the tank initially is 0 kg.

(b) The amount of sugar in the tank after t minutes can be calculated using the formula:

amount = 166.6(1 - [tex]e^{-t/340}[/tex])

Here, t is the time in minutes. This formula is derived from the exponential decay model, where the rate of sugar leaving the tank is proportional to the amount of sugar present. The constant 166.6 represents the equilibrium amount of sugar in the tank.

As time passes, the term [tex]e^{-t/340}[/tex] approaches 1, and the amount of sugar in the tank approaches the equilibrium amount of 166.6 kg.

(c) To find the concentration of sugar in the solution in the tank after 33 minutes, we need to divide the amount of sugar by the volume of the tank. The volume of the tank is given as 2380 L.

First, let's calculate the amount of sugar in the tank after 33 minutes using the formula from part (b):

amount = 166.6(1 - [tex]e^{-33/340}[/tex])

amount ≈ 166.6(1 - 0.895)

amount ≈ 166.6(0.105)

amount ≈ 17.493 kg

Now, we can calculate the concentration:

concentration = amount / volume

concentration = 17.493 kg / 2380 L

concentration ≈ 0.00734 kg/L

Therefore, the concentration of sugar in the solution in the tank after 33 minutes is approximately 0.00734 kg/L or 7.34 g/L.

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Suppose that you take a sample of 1400 adults and find that 320work more than 40 hours per week. What is the margin of error? Complete the following paragraph:Antibody-mediated immunity works mainly against --EXTRACELLULAR** pathogens, which include any bacteria, fungi or viruses that are in the extracellular fluids of the body. B cells respond to unprocessed antigens, but their response is more intense if they process the antigen and receive costimulation by --helper-- T cells. Once activated, B cells produce clones of --plasma-- cells and memory cells which reside in lymphatic tissues (such as MALT, lymph nodes and spleen). Plasma cells produce --antibodies--, which leave the lymphatic tissue and circulate in body fluids. Antibodies can be grouped into --five-- classes each with specific biological roles. Actions of antibodies include neutralization, immobilization, agglutination and precipitation of antigen. In addition, antibodies can activate --complement-- and enhance phagocytosis. Is correct , If not, what should I change? HELP ,HELP pana was the standard currency in ..... period question 1 a restaurant is trying to develop more effective staffing strategies. a data analyst recognizes that there are significantly fewer customers earlier in the business day. they conclude that opening later would be more effective for staffing. what is this an example of? General Lithograph Corporation uses no preferred stock. Their capital structure uses 20% debt (hint: the rest is equity). Their marginal tax rate is 25.49%. Their before-tax cost of debt 3.96%. General Lithograph's stock is expected to pay a dividend per share of $0.64 next year, and their dividend is expected to grow at 6.11% over the long-run. Their stock currently trades at $52.63 per share. What is General Lithograph's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places (in other words if you calculate 9.87%, then just enter 9.87). The (m = 4, n = 7) Hamming code is described by the following matrices: n = (i) Generator matrix 1 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 0 1 0 1 0 1101001 (ii) Parity check matrix 0 0 0 1 1 1 1 0110011 1 0 1 0 1 0 1 Assuming that no more than one error occurs during transmission, what was the transmitted codeword vector when (a) (5%) 0100110 is received? (b) (5%) 0001111 is received? Which of the following situations is an example of outsourcing?A. U.S. firm hiring a temporary worker to fill in for an employee who is on leave for six weeksB. U.S. manufacturer hiring a company in India to provide customer serviceC. U.S. customer using the internet to compare pricing of a productD. U.S. auto service center hiring an immigrant from Poland as a full-time mechanic In an experiment, a disk is set into motion such that it rotates with a constant angular speed. As the disk spins, a small sphere of clay is dropped onto the disk, and the sphere sticks to the disk. All frictional forces are negligible. What would happened to the angular momentum and the total kinetic energy of the disk-sphere system immediately before and after the collision? Political___ has infiltrated many American schools For this question below, please note that you will use a different policy tool to fix the economy in each of the parts (b), (c) and (d). Here is the question below. There are 4 parts. Show all your calculations!The country has a total population of 79 million. The labour force in the country amounts to 47 million people.The current unemployment rate is 3.95%. The natural rate of unemployment is 4.2%.The marginal propensity to consume is 0.75.The current reserve ratio, which is applicable to all banks, is 6%. All banks tend to hold excess reserves of 3%.The current GDP deflator is 117.The current level of the consumer price index is 109.The intercept of the consumption function is 5200.The level of government expenditure is 6000.Potential GDP is at 43,000.Fixed taxes are at 3000.The economy is a closed economy.The level of investment is 2500.Transfer payments are at 3000.(a) Using your macroeconomic knowledge, calculate the GDP gap in this economy and identify whether the economy is in a recessionary or inflationary gap.(b) Now fix the economy using government expenditure as your policy tool.(c) Now fix the economy using fixed taxes as your policy tool.(d) Now fix the economy using monet Read the following stories.Story 1A wealthy boy from a prominent family was always pampered and taken care of, but he never had anything to do. He started taking long walks along the gates out front of his mansion, so he could catch a glimpse of the excitement of the town. One day while walking, he spotted a townsman outside the gate who looked just like him. The wealthy boy told the townsman of all the wonders and riches of the mansion, and the townsman spoke of all the gossip and business of his working life. They decided it might be fun to trade places. The townsman loved his new role as a wealthy young man. He ate fine food, watched wonderful entertainment, and wore stunning clothing. The wealthy boy loved his new role as a townsman. He explored the city streets, enjoyed all the sights and smells of the markets, and met all sorts of interesting people. Eventually, though, life at the mansion grew complicated. The wealthy boy's family wanted him to take over the family business, and the townsman grew stressed with his new responsibilities. The wealthy boy was having trouble too. He was having a hard time earning a living, and he was tired and hungry from working all day. The wealthy boy returned to the mansion gates to see the townsman. Life had looked more enchanting on the other side of the gates, but they returned to their rightful roles and were all the more thankful for the blessings of their own lives.Story 2There were two twin girls who dreamed of being married. The one girl was very intellectual. She loved to read, explore, and learn new things. The other girl was very athletic, and she wanted a husband that shared her same interest in sport and activity. The intellectual twin decided to marry a man who had been an explorer. He had fascinating tales of his travels. The athletic sister decided to marry a very competitive, loving, romantic young man who had a passion for hunting and sport. Both twins were very pleased with their choices and fell much in love with their respective husbands. Eventually though, their love began to fade. The athletic twin grew tired of being in constant competition with her husband. The intellectual twin's brain was being exhausted by the constant learning and testing. The twin sisters decided they would trick their husbands and make a switch. At first, the intellectual sister loved all the attention and competition from her sporty new husband. The athletic sister loved learning of all sorts of new things and loved going on long walks and adventures with her new husband. Eventually, though, the twins were doubly exhausted by the pursuits of their new husbands. They longed to switch back to the familiarity and routine of their own lives. Even though their husbands seemed to be troublesome, they were familiar, and they shared the interests that were best suited to each twin sister.What is different about the plots of both stories? In Story 1, a wealthy boy and a poor townsman trade lives. In Story 2, two twin sisters trade husbands. In Story 1, a wealthy boy and a sporty twin trade lives. In Story 2, an intellectual twin marries a townsman. One story is about poor people becoming wealthy, and the other is about wealthy people becoming poor. One story is about two people who look nothing alike, and in the other story the characters look identical. How did the Second Great Awakening end? Summarize how the Second Great Awakening ended. Find the slope of each line joining each pair of points:Find the slope of each line joining each pair of points: (4,6) and (1,2) Poem: At A Window by, Carl Sandburg How does the line, Give me your shabbiest, weariest hunger! (Line 7) contribute to the theme of the poem? A. The speaker is suffering a broken heart. B. The speaker longs for and seeks out suffering. C. The speaker desires too much in life and is paying for it. D. The speaker is willing to endure a lot of suffering as long as they arent lonely. Which of the following statements about green exercise is true?Environmental health What is the formula to find the area for a square, trapezoid, triangle,and a parallelogram 2. An employee has filed a discrimination lawsuit, because although fully qualified, he was not hired for amanagement position for which he applied. In fact, the position remained open for several months afterhe applied and was eventually filled by a candidate who is less qualified. Which of the following actionscan you expect to be taken?the HR department will file the claim on the employee's behalfthe McDonnell Douglas test will be appliedthe Civil Rights Act of 1991 mandates the firing of the hiring managerthe employee will be given a similarjob Why aren't gas molecules attracted to each other? Explain. 3) EXPLAIN the social and economic effects of the Industrial Revolution.