i need help with resolving a graph of ECO.( please, remember that i am an international student, so i do not want high vocabulary. keep it easy.
Instructions:
1. Death duties of 20% are paid on a legacy to three children of $180,000. Theeldest child is bequeathed 50%, the middle child 30%, and the youngest child the remainder. How much does each child receive? What percentage of the original legacy does the youngest child receive?
2.Find the linear equations with the following characteristics,(a) Slope is equal to3 and it goes through the point (0,0)(b) It goes through the points (2,4) and (0,3)
3. Determine if the following linear functions are parallel, perpendicular or neither perpendicular nor parallel, (a) 2x+3y= 6 and 3x2y=6(b)y=2x+ 3 and x=2y+3
4.Defining the slope ofAasmAand the slope ofBasmB; find the linear equationsofAandB, knowing that (x2,yA2)=(3,6),mA= 3,×1= 2 and (x2,yB2)=(3,4).Use the graph below to complete the information you need to find the answer,
5.One of the ten principles of how economists think states:“Trade Can Make Every-one Better O↵â€. This principle was illustrated in class using a simplified modelof a Rancher, and a Farmer, both with a linear Production Possibilities Frontierof Meat and Potatoes. In this example, it was shown that there exists at leastone solution in which trade makes the Rancher and the Farmer better o↵. In thisproblem you are ask to find at least two (2) other possible solutions, di↵erent thatthe one shown in class, that would also make the Rancher and the Farmer bettero↵if they trade trade.
6.From the article written by F.A. Hayek under the title“The Use of Knowledge inSociety†(available in Canvas), writebrieflythree arguments you consider relevantfor understanding the importance of markets in society.
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