Case Study 1: Transaction pricing in a recessionary economy Our client is an FMCG major that sells its products across many large and small retailers. The client is facing pressure from one such large retailer to cut prices across brands and categories. The client is therefore losing money on several products. Our client would like to use analytics to bring in some science into the pricing decision. Our analysis should help the client decide what pricing strategies should be applied to each product
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NAME: ANSWER KEY Econometrics First Test‚ Queens College‚ I. R. Kelly Thursday‚ September 27th‚ 2012‚ 9:25-10:40am Please put all answers on the question sheet. You have one hour and fifteen minutes to finish the test. Best of luck. 1. (6 points) How does a panel data set differ from a regular pooled data set? Give a specific example. A pooled data set is one that combines both time series and cross-sectional data; in other words‚ there are many cross-sectional units over a period of time
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given the following data about two firms: FIRM A Quantity 0 1 2 3 4 5 6 Total revenue ($) 0 10 20 30 40 50 60 Average revenue ($) ___ ___ ___ ___ ___ ___ ___ Marginal revenue ($) ___ ___ ___ ___ ___ ___ Total cost ($) 30 42 50 60 76 100 140 Marginal cost ($) ___ ___ ___ ___ ___ ___ Average cost ($) ¥ ___ ___ ___ ___ ___ ___ FIRM B Quantity 0 1 2 3 4 5 6 Total cost ($) 100 134 154 177 216 266 366 Average cost ($) ¥ ___
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ECON 2035 8/27/13 Overview of Financial System * Financial market players: 1. Households 2. Firms‚ which issue stocks and bonds 3. Governments 4. Foreigners * Financial market- a place or channel for buying stocks‚ bonds‚ and other securities 1. Functions of financial markets: a. You have the money b. You can borrow from friends‚ banks‚ etc. c. Get funds in exchange of partnership d. Transferring funds: Savers and spenders (send) (borrow)
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executive bonuses for that year by requiring professional managers and directors to own a substantial amount of company stock because that will imply long run oriented and dynamic strategies to anticipate change in a risky environment and success. 6. A major technological breakthrough is achieved by the firm‚ reducing its costs of production. It is the expected impact on the value of the firm‚ for the new technology leads a company to save and minimize the cost of the production and stay competitive
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Economic Thought 8.4 (2001): 526-546. Academic Search Complete. EBSCO. Web. 6 Apr. 2011. Kates‚ Steven. "SAY ’S LAW AND THE GLOBAL FINANCIAL CRISIS." Quadrant Magazine 54.8 (2010): 64-68. Academic Search Complete. EBSCO. Web. 6 Apr. 2011. Widmaier‚ Wesley. "The Keynesian Bases of a Constructivist Theory of the International Political Economy." Millennium (03058298) 32.1 (2003): 87. Academic Search Complete. EBSCO. Web. 6 Apr. 2011.
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off in July. Somehow they were able to find funding to keep us through the end of the year (December 31st‚ 2010). However‚ that was all they could do. So I along with four other temporary employees am out of work and collecting unemployment. About a week after we were laid off‚ I found out from an ex co- worker that they are now hiring for eight positions as an MAS3. This goes to show how unstable our economy is. Liberal Economist try to make the economy as stable for us as
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This paperwork of BUS 680 Week 6 Final Paper includes: Training and Development Paper Business - General Business Focus of the Final Paper Each person must complete a research paper addressing one of the following topics or a mutually agreed upon topic between the student and instructor: § Training Needs Analysis § Training Strategies for Small and Medium Sized Businesses: One Size Doesn’t Fit All § Management Development Techniques § Training Evaluation:
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presidential election outcomes related to the performance of the economy? 2. (7 points) Discuss the difference between Microeconomics and Macroeconomics. 3. (10 points) Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. “In 1933 net private domestic investment was minus $6 billion. This means that in that particular year the economy produced no capital goods at all.” Do you agree? Why or why not?
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Fundamentals of Macroeconomics Week two objectives analyze the impact of various factors on aggregate demand and supply; in addition to evaluating the effectiveness of changes in fiscal policies using Keynesian and Classical models. This paper will explain the following terms: gross domestic product (GPD)‚ real GDP‚ nominal GDP‚ unemployment rate‚ inflation rate‚ and interest rate. As well as describing the effects of purchasing of groceries‚ massive layoff of employees‚ and decrease in taxes
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