Use the Graph below to answer the questions about Internatio…

Use the Graph below to answer the questions about International Trade: Untitled (6).png a. At equilibrium, what area represents Consumer Surplus? [BLANK-1] and [BLANK-2]. b. At equilibrium, what area represents Producer Surplus? [BLANK-3] and [BLANK-4]. c. Which Price Level would make this country become an importer of this good? [BLANK-5] d. Which Price Level would make this country become an exporter of this good? [BLANK-6]

Dice Rolling (Part 4): Little Jimmy recorded data for a dice…

Dice Rolling (Part 4): Little Jimmy recorded data for a dice rolling scenario much like what we did in class.  He rolled dice and any die which was rolled a “1” he removed before proceeding to the next roll. Unfortunately, Little Jimmy had a cup of hot chocolate and spilled it all over his paper, obscuring some of the data.   Using the Average % Remaining value, write an exponential model for this data in the form

Tiered Rewards (Part 1): You are looking to apply for a new…

Tiered Rewards (Part 1): You are looking to apply for a new credit card.  In researching some options out there, you find a card that is advertising a “tiered reward” system.  Curious, you look up the details. What you find is that the rewards are structured this way: If total spent is over— but less than— Card Rewards: $50 $500 1.5% of total spending over $50 $500 $1,000 $6.75 plus 2.75% of total spending over $500 $1,000 $10,000 $20.50 plus 4.25% of the amount over $1,000 $10,000 no limit $403 plus 5.5% of the amount over $10,000   A – [7 points] How much would you receive in rewards if you spent $850 on the card in a given month? B – [3 points] What would be the effective reward rate for the spending in part (A)? C – [4 points] In a sentence or two, explain what this effective reward means in this context.