University of Hong Kong 1st semester 2014-15 ECON0301/ECON2252 Theory of International Trade Problem Set 1 Due time: 5pm September 26‚ 2014 (Friday) Answer all of the following questions. While I encourage you to discuss with your classmates‚ you have to write up your own script. Please hand it in to your TA (Miss Jiuqi Zhao) by the due time via her pageon box on the 9th ‡oor of K.K. Leung Building. 1. Suppose that Home and Foreign have the marginal product of labor shown below. Home Foreign Baseball
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conducting business . Information system are the foundation of fast paced supply-chain. The internet allows many business to sell ‚ advertise ‚ and solicit customer feedback online. Organizations are trying to become more competitive and efficient by digitally enabling their core business processes and evolving into digital firms. The internet has stimulated globalization by dramatically reducing the cost of producing ‚ buying ‚ and selling goods on a global scale. New information system trends include
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Ethics of Using Information It’s 2007 and we have so much information available at our disposable. With just a few clicks of the computer keyboard‚ we have a vast amount of websites‚ documents‚ blogs‚ dictionaries‚ journals‚ articles‚ etc. With so much information available ethics (correct conduct when using this information) comes into play. One of the most common issues is Plagiarism. Plagiarism is when one uses another’s information and/or ideas without properly citing and crediting
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OPIM Assignment 4 1. Cu = 24-11 = $13 Co = 11-7 = $4 Critical ratio = 13/(13+4) = 0.7647 μ = 30‚000 σ = 10‚000 Using normal distribution function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost
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PROBLEM SET 4 1) Consider the following utility functions‚ where W is wealth: (a) U (W ) = W 2 1 (b) U (W ) = W (c) U (W ) = −W (d) U (W ) = W (e) U (W ) = ln(W ) (f) U (W ) = W 1−γ ‚ with γ = 2 1−γ How likely are each of these functions to represent actual investor preferences? Why? 2) Suppose investors have preference described by the following utility function with A > 0: U = E(r) − 1 Aσ 2 2 Each investor has to choose between three portfolios with the following characteristics:
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of East Asia Problem Set 1 The data for this problem set is posted on SmartSite in the Resources folder. It was downloaded from the Penn World Tables version 7.1‚ which is publicly available at https://pwt.sas.upenn.edu/php_site/pwt_index.php . 1. Graph the GDP [per capita] of the East Asian countries in PS1_data.xls on one graph. Which East Asian country is the largest [richest] in 1960? In 2010? When did the switch occur? 2. Calculate the growth rates (log difference‚ using natural logs) of GDP
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Information Technology Management is the backbone of an organization and information technology today is at heart of a business plan. Information technology has bridge the way between organizational operations with external environment. This process has facilitated the pace of activities and lessens the time needed to carry out these operations amplifying the revenues manifolds. The rise of information economies has boosted the global trade and fueled the need of new business processes and
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Chapter 6: The effects of using ICT Hacking: Using a computer to gain unauthorized access to data in a system (malicious intent). Exp: Nokia hacked by Kevin Mitnick‚ hacking into email accounts Software Copyright: Certain portions of software that are licensed. Protects others from copying it without the owner’s permission. Exp: Torrent (illegally download films)‚ Jail Break Encryption: Scrambling data/information into an unrecognized format. Exp: Used when sending a private message‚ to
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Zachary Ladzinski FYE Reflection One thing that I remember from the library presentation and that I will make us of is the ability to use the online catalog. I feel that it will be the easiest way for me to access scholarly information for future projects. So far I have not been using the library a lot to find information but more of online sources. This being said I can take complete advantage of the library at NVCC. If I were hired as a librarian‚ to reach my freshman class I would try to
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416310.(M.S) ABSTRACT The most celebrated ancient heroic text of India is the ‘Ramayana’. It provided themes for important later literary works in Indian languages. The poet Valmiki‚ who lived around the 3rd century BC‚ put the Ramayana into form. This epic tells the story of the hero Rama‚ the prince of Ayodhya and incarnation of the god Vishnu. Rama willingly accepts exile in the forest to redeem a promise made by his father. Rama’s wife Sita is then kidnapped and Rama rescues her by slaying her
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