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Suppose that a fishery is characterized by the following relationship between total fish stock and annual growth (ignore the third column for now): Stock (thousand tons Annual Growth (tons) Number of Boat Trips biomass) Required to Catch Annual Growth 10 0 20 800 2,300 30 1,600 2,200 40 2,300 2, 100 50 2,800 2,000 60 3,100 1.600 70 3,200 1,300 80 3,000 1,000 90 2,700 800 100 2,300 600 p 509 110 1.800 400 120 1,200 200 130 500 100 140 0 a) First, construct a graph showing the relationship between stock and growth, similar to FigureQuestion 2 (6 Marks) Robert has been saving money for a long time and finally he decides to place his saving into the bank account. Suppose from his saving Robert has deposited $12000 in Bank of the South Pacific which has the required reserve ratio of 10%. Using the information given above, calculate the following: a) Money multiplier. (2 Marks) b) Required reserves. (2 Marks) c) Excess reserves, assuming the actual reserve for the bank is $2800. (2 Marks) Question 3 (6 Marks) "Assume that the Fijian government removes all restrictions in relation to immigration which attracts a lot of people from different countries to settle in Fiji" Using the labor demand and supply curve explain what will happen to wage rate, employment and potential GDP in Fiji Question 4 (6 Marks) "The foreign exchange rate is highly affected by any change in the demand for the exported goods and services." Using foreign exchange demand and supply curve, explain the effect of decrease in world demand for domestic export on the foreign exchange market. Question 5 (6 Marks) "Open market operation refers to a central bank's buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system." Using AD/AS model, explain and show the process of an open market sales of government securities by the central bank on price level and output in the economy. Question 6 (6 Marks) "Monetary policy is a macroeconomic policy laid by the central bank which involves the management of money supply and interest rate to achieve the macroeconomic objectives." Using money supply and demand curve, show the effect of a contractionary monetary policy on the quantity of money and the price level. ECN5015em Semester 2, 2019 Page 7 of 8*7. The Saga Food Company produces one type of frozen dinner sold directly to consumers and to restaurants. The demand and marginal revenue functions for Saga's frozen dinner by consumers (market 1) and restaurants (market 2) are, respectively, 21 = 160 -10P or P, = 16-0.10, and MR, = 16-0.20, 22 =200 -20P, or P, = 10 -0.050, and MR, = 10-0.102 Saga's total cost function is TC = 120 + 40 Draw a figure showing (a) the demand, marginal revenue, and marginal cost curves faced by the firm; (b) the best level of output of the firm and how the firm should distribute sales in each market in order to maximize total profits with third-degree price discrimination; (c) the price and total revenue of the firm in each market with third-degree price discrimination; (d) the profit per unit and in total with third-degree price discrimination; and (e) the output, price, total revenue, and profit per unit and in total in the absence of price discrimination.MAT 166 - Pre-Calculus Writing Assignment I Students will be expected to answer all questions with the whole story. Perform each task on your paper. If you are asked to explain or define, be sure to use complete sentences. Sentence fragments are meaningless in technical writing. The intent should be to inform the reader, and to convince the reader of the knowledge and competence of the author. Answer the following questions in the order they are given. Answers should be organized on a separate sheet of paper. Answers may be typed, hand written or a combination of both. If answers to questions are not numbered (or lettered), it will be assumed that question I was answered and no other. This assignment is intended as a condensed review of functions. There is a recommended video that may aid in the completion of this assignment, but you may use any resource to aid in the completion of this assignment. Be sure to use a trusted source, and cite any source that you used. If you quote a source, paraphrase the quote in your own words. 1. Read all the directions for this assignment and copy the most important instruction as your answer to this question. 2. Watch the video https:/www.youtube.com/watch?v vHOqggexwWg and write your favorite color as the answer to this question. 3. Create or find a definition of a function. Include a definition of "domain" and "range" in the answer to this question. (It is recommended that the words "relation" or "pairing" be used in the definition.) (see page 137,138) 4. Use the previous definition of function to explain the "vertical line test" and why it works. Note: A test and a definition are not the same. 5. Tell why the trigonometric functions adhere to the algebraic definition of a function, and describe the "inputs" and "outputs" of any trigonometric function. 6. Create or find a definition of a "one-to-one function". (p 357) 7. Use the previous definition to explain the "horizontal line test" and why it works. Note: A rest and a definition are not the same. 8. Create or find a definition of "inverse functions". (p 359) 9. Given that the function /(*)has an inverse function / (x) : a. If / (2)=120 . find f (120) b. If the domain of / (X) is *6[0,1000) , what is the range of / (x) ? c. If the domain of / (*) represents time in years after 2010, and the domain of / (*) represents the population of Ourtown, write a sentence to interpret i. f (2)=120 ii. f (500)=7 f (x )=*+5 10. Let 7 and g(x)=7x-5 a. Find f.9)(x) and (9 fl(x) b. Come to a conclusion about the relationship between the functions f(* ) and g(x) explain how you arrived at the conclusion. and 1 1. What is the most important concept you have learned/remembered by doing this assignment