China Petroleum & Chemical Corporation (Sinopec) is an integrated producer of oil and chemicals. Sinopecs refining division sells most of its production to the marketing and distribution...

The demand curve facing a competitive boxes in Miami. The following graph shows the daily market for small cardboard boxes in Miami. Suppose that Felero is one of more than a hundred competitive...

The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of...

1. Why did we set cc_n (Unicode)= 1114112? Explain whether the recoverability property may fail if we set cc_n(Unicode) to a bigger number or remove % cc_n for both cc_encrypt_character and...

Suppose you can get a loan with a below-market interest rate from a home builder. The fully amortizing FRM loan has 4% interest rate, 30 year amortization, $240,000 loan amount. If the home usually...

Given the following data: Period 1 2 3 4 5 6 7 8 9 Gross Requirements 70 30 90 30 80 20 90 60 80 The beginning inventory is 0 and there are no scheduled receipts. The order cost is $90 and the...

a. Suppose that a 20 percent increase in the price of jet fuel causes a 5 percent decrease in the consumption of jet fuel. What is the price elasticity of demand and do you think this is a realistic...

a.) Suppose that South Pangean debt is $200 million and the interest rate it pays on that debt is 6 percent. That means its interest payments must be $ million. b.) If South Pangean expenditures are...

Explain how this demonstrates how short term aberrations e do not affect the long run. Streaks of all heads or all tails affect the long run probability The short term aberrations make it so that the...

. Lincoln Electric Company in Cleveland, Ohio, manufactures arc welding equipment. Lincoln has the highest paid workers in this extremely competitive market, and it is protected neither by patents...

In light of the successful turnaround do you think the federal bailout of GM was warranted What are the pros and cons after the fact Which factors that were pivotal to the sales rebound at GM were...

As a financial analyst at Glencolin International (GI) you have been asked to evaluate two capital investment alternatives submitted by the production department of the firm. Before beginning your...

Comprehensive Problem 1 - Part 1: Taxpayer information, Form 1040, Schedules 1, 2, 3 and 4, Schedule A, and Schedule B. Noah and Joan Arc's Tax Return Note: This problem is divided into three parts....

The roles and responsibilities of a business owner are broad and complex The decision to offload some to many of the burdens onto an office manager or an accountant is very attractive but each such...

Q.1 Consider a typical consumer with a monthly income of Rs. 240. His consumption bundle is composed of only two commodities: cola (x) and fries (y). The market prices for each unit of these...

. Assume that Mexico is currently producing 200 units of corn and 300 units of tomatoes. Mexico then begins to specialize by producing an extra 20 units of its good of comparative advantage. [This is...

If price were increased from $40 to $42 and quantity demanded fell from 50 to 45, calculate elasticity; state whether demand is elastic, unit elastic, or inelastic; and find how much total revenue...

How are goals, expectations, and standards connected with one another? How are they connected to Encourage the Heart?

The accompanying table gives the hypothetical demand and supply schedules for swordfish caught in the United States per year. Price of swordfish (per pound) $32 Quantity of swordfish (millions of...

A manufacturer buys cardboard boxes from a supplier. the annual demand is 36000 boxes and is uniformly distributed.the boxes cost $4 each. the estimated order cost is $6, and the carrying cost rate...

Suppose you are central bank governor of a country which is experiencing inflation of 100% per month. You have two economic advisors. One advisor tells you that in order to increase seignorage you...

The U.S. Census Bureau publishes data on factory orders for all manufacturing, durable goods, and nondurable goods industries. Shown below are factory orders in the United States over a 13-year...

Which of the following products have become more complex (judging from their internal physical structure) over the past 30 years: a. Radio b. Stereo c. automobile engine d. television e. computer f....

In comparing the historic views of comedy and tragedy, Morreall said which of the following about today's comedy? It is far more violent than in past centuries It is irrational compared to earlier...

In the graph on the right, the demand for syrup has changed because the price of frozen waffles has risen from $2.50 to $3.50 per package. The cross-price elasticity of demand between frozen waffles...

Suppose that Andre Agassi spends his entire income of $8 on razors and toy tennis rackets. The price of a razor is $2 and the price of a tennis racket is $4. The marginal utility of each good is...

Using the data shown below, compute the mean square error (MSE), mean absolute deviation (MAD), and mean absolute percentage error (MAPE) for the forecasts shown. Month Forecast Demand Actual Demand...

(1) fill in the gray cells in terms of the information in the same row in tab Q3. For example, the first gray cell is to calculate the total sales. (2) fill in the orange cells according to the value...

Identify the behavior, error, or fraudulent scheme that could be detected when you apply Benford's Law to the following accounts. Accounts: - Sales Records - Purchases - Travel and Entertainment -...

Using the concept of information asymmetry, answer the following questions: a. You observe that used cars sold by new car dealers sell for a higher price, for models of same make, year, and...

Michelle Passmore is purchasing a $25,000 automobile, which is to be paid for in 60 monthly installments of $489.15. What effective annual interest is she paying for this financing arrangement?

Consider an individual who must drive to his place of work. Assume that there are 16 available hours in the day, that his wage rate is $20 per hour, and that he has non-labour income of $100 per day....

Government-owned monopolies are less x efficient than private monopolies and have less of an incentive to initiate and implement cost-saving innovations than their profit-driven private counterparts....

One day in early November, Pam Berg, Manager of the ALLTEL Pavilion, was reviewing the operating results for the year just completed in preparation for the executive board meeting the following...

3. Now consider the following twist on the previous problem: Suppose that player B cannot verify the investment made by S. Therefore, in the first stage negotiation 2

Use a cell reference or a single formula where appropriate in order to receive full credit. Do not copy and paste values or type values, as you will not receive full credit for your answers. A...

Suppose that as a consumer you have $34 per month to spend for munchies, either on pizzas which cost $6 each or on twinkies which cost $4 each. Suppose further that your preferences are given by the...

A manufacturer of TV watches uses three TRS7 electronic chips in each TV watches produced. Demand estimates for the number of TV watches that could be sold next year are shown Demand X 20000 40000...

A U.S. company, made a number of import purchases and export sales denominated in foreign currency in 2012. Information related to these transactions is summarized in the following table. The company...

1. In the market for motor scooters, several events occur, one at a time. Explain the influence of each event on the quantity demanded of scooters and on the demand for scooters. Illustrate the...

Fred Stone and Wilma Gravelle have been together as a couple for almost twenty years. They are not married and have no intention of marrying. Fred was previously married to Betty and they had two...

Q1 Klemperer Questions 10 Points Questions based on the reading from Klemperer, "How (not) to run auctions: The European 3G telecom auctions", Sections 1-4. Q1.1 2 Points What, according to...

What, according to Klemperer, are the two main issues in auction design that "really matter" and how are these issues similar what matters for the proper functioning of competitive markets? Q1.2 2...

Take example of Tim Horton's new menu addition-Granola Muffin. How if differentiates with law of demand and law of supply. What can a supplier can do to increase his demand and why consumer wants to...

Explain briefly how the following determinants affect the aggregate consumption interest rate Households ' expectations about the future

Consider a pooling equilibrium in the signaling model where education is not productive. Assume > 0. Q3.1 1 Point The Type L workers get the efficient amount of education. O True O False Save Answer...

W. Edwards Deming, often referred to as the leading quality guru in the United States, and psychologist Alfie Kohn support the idea that incentive pay is not a motivator for individuals to do a good...

1. Consider the discrete Bertrand game described in the Oligopoly lecture notes/video. According to the rules of this game each student selects a number from the set {0,1,2, 3, 4, 5, 6, 7, 8, 9, 10}...

Review the pros and cons of outsourcing (for both organizations that enter into this agreement).

Suppose a $3 per-unit tax is imposed on the sellers of this good. How much is the burden of this tax on the buyers in this market? Suppose a $3 per-unit tax is imposed on the sellers of this good....

Craft Studio Furnishings (CSF) produces a unique line of cane furniture. The items currently on the market are table chairs, easy chairs, and love seats. The studio is considering introducing two new...

Julia is in a dress shop and finds a nice shirt. The tag price is $60 and she thinks it is too expensive. She decides not to buy, thinking that she would have opened her wallet if the price was no...

Use the following graph showing a consumers budget line and some indifference curves to answer the following questions. The consumers income is $600 a. The price of Y is $______ and the price of X is...

As an expert, you are permitted to opine regarding the ultimate issue. You are in court and are asked to testify as to whether the defendant's actions are consistent with a particular fraudulent...

For the following scenario, identify the most efficient geographic arrangement, and explain the reasons for your choices. Identification of this arrangement should include as many of the following...

For more than 40 years, the Harnswell Sewing Machine Company has manufactured industrial sewing machines. The company specializes in automated machines called pattern tackers that sew repetitive...

Review the rental costs at Pine Woods Apartments outlined below. Compare these costs with your estimated income and rental and living expenses, and then answer the following questions. THE CHALLENGE...

decide control risk, inherent risk and planned audit evidence will be affected (increase or decrease) in the following cases, and then list your analysis: i. You determine through analytical...

Discuss and analyse the practicality of multi-constraints planning application in the industrial sector in which you have experience. Provide outline analysis of value and constraints of applying the...

Consider the following game representing the market for vintage handbags. There are two players: a seller and a buyer. The handbag for sale can either be real, and presumably of high quality, or...

Imagine a beekeeper, who produces honey and sells it at a constant price per kilogram. Draw a diagram with the quantity of honey on the horizontal axis, showing the marginal cost of honey production...

Suppose there are two firms that each emit 30 units of pollution, and the State Pollution Board wants to reduce this level to a total of 20 units between both firms. They decide to allocate 10...

Suppose David is a busy CEO and has high levels of consumption (C) but relatively little leisure time (L). Mike, on the other hand, has a part-time job and therefore lots of leisure (L) with...

GuestLodge, Inc. also has the right to operate a golf course near the national park. GuestLodge sells punch cards to the course, where customers can pay $500 to purchase a "10-Pack" (10 rounds of...

Data for Hill Oil Company are as follows for all US properties: Acquisition costs of unproved property, net of impairment.. $ 300,000 400,000 Nondrilling evaluation costs of unproved...

. With the information generated from the following table derivate from the Bureau of Economic Analysis (https://apps.bea.gov/iTable/index_nipa.cfm), please do the regression analysis, with the...

A supplier in the country of Whiteland has current output of 10 Million units priced at $1.10 per unit. Factor prices rise and costs increase to $1.30 per unit. Uh-oh... now not earning profit and...

What advice would you give to the government if there are episodes where the market for housing is not performing normally, for example where both quantity and price are co-moving

A report appeared in the Financial Times on 18 January 2016, noted that the South Korean Finance Minister had voiced confidence in Chinas economic outlook, and had declared that he endorsed Beijings...

Specific Electrics Co. asks you to implement a pay-for-performance incentive contract for its new CEO and four EVP\'s on the Executive Committee. The five managers can either work really hard with 70...

A us resident exchanges $100 for rmb650 from a local bank in the us, how would it account in the US Balance of Payment?

Figure 2 shows the support structure for a suspended apparatus in a laboratory. The apparatus is hung from the 1/4" A36 plate that is welded to the 3/8" plate using E70XX electrodes. Assuming that...

a. Calculate the profit maximizing quantity b. Calculate the profit maximizing price C. Calculate profits at the profit maximizing price and quantity d. Use the estimated demand function to calculate...

5. Changes in the money supply The following graph represents the money market for some hypothetical economy. This economy is similar to the United States in the sense that it has a central bank...

R.C. Willey's economists report that the quantity demanded for their microfiber sofas is given by the equation below. Px is their own price, C and D are other expensive good sold in the store with...

2. Consulting: A University employs a Professor whose base output is a constant K. The Professor chooses to spend effort e consulting, giving her income pe at personal cost C(e) e/2. Unfortunately,...

The first column shows the number of donuts consumed, while the second and third columns (respectively) show Shanes and Miriams marginal personal use values. Assume that Shanes initial endowment is...

Suppose an 18 percent drop in the price of strawberries leads to a 24 percent increase in the quantity demanded of strawberries and a 12 percent decrease in the quantity demanded of plums. a. What is...

Suppose that an intermediary faces a certain number of buyers and sell- ers. The intermediary sets usage prices P, and P, to be paid, respectively, by sellers and buyers whenever there is an...

Why are global value chains so important to emerging markets and their development? Select two GVCs, and discuss to what extent emerging market firms and governments can respond to the opportunities...

1. Consider the following 6 workers. Their names are in column (1) and their respective utility functions are in column (2). a. The table. I've filled out Adam's row for you. Fill out the rest of the...

Here we have again Piresia, this beautiful country. Statisticians collected the following data on the foreign economic transactions of Priesia in 2018. Goods export: $2,320,000 Goods import:...

Question 6 Given the following hypothesis HO: _National student lecture attendance - _NUIG student lecture attendance =100 H1: _National student lecture attendance - _NUIG student lecture attendance...

(Q-1) A business firm sells its product at $5 per unit. The firm's total cost is $30 plus $2 per unit of its product. Question 1: What is the Break-Even Quantity? Question 2: If the firm's maximum...

A house with a total living area of 2,500 square feet would cost $110 per square foot to reproduce new. It has an expected economic life of 50 years and is estimated to have an effective age of five...

A secret service courier carrying a briefcase with the codes to the USA's nuclear defense system has a mean delivery time of 62 minutes with a standard deviation of 13 minutes. What is the...

A national chain of women's clothing stores with locations in large shopping malls thinks that it can do a better job of planning store renovations and expansions if it understands what variables...

Consider a Hotelling line city model, where two firms are located at the two extreme points. The length of the city is 1, and the consumers are evenly distributed over the line. Transportation cost...

On a graph, use a ruler to draw each line represented below. After you finish drawing all lines, identify the common feasible area. The solution will be revealed when you submit your file. Be sure to...

(a) Make a line graph of the U.S. civilian labor force data.

Q-1 - Name the three (3) fundamental properties, or characteristics that we have studied for any production transformation process. (The blue-print of production). Then, provide a simple numerical...

a. Assume that there is no transfer of learning between time periods and that, at most, one batch is produced per time period. Solve the production-planning problem of minimizing the sum of...

The Price of Baked Beans As residents in the UK hunkered down at home to protect themselves from the spread of novel Coronavirus they filled the pantries with toilet paper, sanitizing products and...

1. Based on the above facts, which option (lease or buy) minimizes GFWs after-tax cost of obtaining the facility? 2. The local real estate investor has provided an option for GFW to consider. Under...

Parmar Furnishings produces commercial office furnishings using specialized job orders from educational institutions, hospitals and offices. An order for 2,500 sections of wall units had the...

Economists have made estimates of the price elasticity of demand for a variety of goods and services. They have also estimated income elasticity and cross-price elasticity. What is price elasticity...

The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain governments permission to raise the fare...

NutriStar produces a line of vitamins and nutritional supplements. It recently introduced its Nutri-Sports Energy Bar, which is based on new scientific findings about the proper balance of...

a. Examine if there are differences between the retirees and non-retirees perception towards the important aspect of financial services in selecting a primary financial services provider. Present the...

Read the following case and follow the instruction at the end of the case. THE GLOBAL FOODS SDN BHD The Situation The last of the color slides was barely off the screen when Bakar, the CEO of Global...