Leandro has 16 hours per day that he can allocate to work or leisure. his job pays a wage rate of $20. leandro decides to consume 8 hours of leisure. his indifference curves have the usual shape: they slope downward, they do not cross, and they have the characteristic convex shape. (15 points)

draw leandro’s budget constraint for a typical day. then illustrate the indifference curve at his optimal choice.

now leandro’s wage rate falls to $10.

draw leandro’s new budget line.

suppose that leandro now works only 4 hours as a result of his reduced wage rate. illustrate the indifference curve at his new optimal choice.

leandro’s decision to work less as the wage rate falls is the result of a substitution effect and an income effect. which effect is stronger? explain your reasoning.

Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below. a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample. assume=0.05. what are the null and alternative hypotheses? choose the correct answer below. b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

Drag the tiles to the correct boxes to complete the pairs.(there's not just one answer)match each online banking security practice with the pci security requirement that mandates it.1. encrypting transfer of card data2. installing a firewall3. installing antivirus software4. assigning unique ids and user namesa. vulnerability management programb. credit card data protectionc. strong access controlsd. secure network

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.