Econ 302 Name:_____________________ Fall 2014 Problem Set 1 (Thursday September 18‚ 2014 In class – no extensions) Please Print and Answer in the Provided Space 1) Consider the following estimates for an iPad sold in Canada in 2010: retail price $550 (say at Best Buy)‚ Apple (a U.S. corporation) wholesale price $475‚ Apple intermediate costs $385. Of Apple’s intermediate costs‚ $100 was wholly produced by U.S. manufacturers‚ and $285 from other foreign producers. Suppose the production chain was
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SOLUTIONS Financial Management Seminar + Homework‚ Week 5 1. Starware Software was founded last year to develop software for gaming applications. Initially‚ the founder invested $800‚000 and received 8 million shares of stock. Starware now needs to raise a second round of capital‚ and it has identified an interested venture capitalist. This venture capitalist will invest $1 million and wants to own 20% of the company after the investment is completed. a. How many shares must the venture capitalist
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Exercise 6-1 Part A (1) Sales 2‚700‚000 Purchases (Cost of Goods Sold) 2‚700‚000 To eliminate intercompany sales of 2011 (2) 12/31 Inventory-Income Statement (Cost of Goods Sold) 487‚500 12/31 Inventory (Balance Sheet) 487‚500 To eliminate unrealized intercompany profit in inventory Exercise 6-2 Reported Net Income- S Company $ 525‚000 Noncontrolling Interest Percentage 0
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4a) His income is €300‚ so his budget constraint is the line between y=30 and x=75. The optimal choice (utility-maximizing) is shown by the point of tangency with his utility function. This is point E (and x =30). b) The budget constraint shifts to x = 120. The new optimal choice is point C (and x = 35). c) ΔY∙py = (30-22‚5)∙10 = €75 d) The total effect: Point E C e) Income effect: F C Substitution effect: E F f) Income effect < 0‚ so X is an inferior good. 5a) U(x‚y) = x1x2
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DEPARTMENT OF ECONOMICS HANDBOOK OF UNDERGRADUATE PROGRAMS in UNIVERSITY OF CALIFORNIA SANTA CRUZ 2012-2013 DEPARTMENT OF ECONOMICS UNIVERSITY OF CALIFORNIA‚ SANTA CRUZ Administering Undergraduate Programs in: BUSINESS MANAGEMENT ECONOMICS ECONOMICS GLOBAL ECONOMICS ECONOMICS/MATHEMATICS Office Location: 401 Engineering 2 (831) 459-2743 Office Hours: Monday - Friday 9:00am - 12:00pm‚ 1:00pm - 4:00 pm For information via the WWW see: Department of Economics Homepage:
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Biology 1010 is a course that introduces students to the basic biological phenomena in all living organisms. It focuses on the different molecular levels of organization‚ heredity in evolution‚ genetics and reproduction. Through this course‚ I was able to master three essential concepts such as Mendel’s Law of Segregation‚ enzymes‚ and photosynthesis. Gregor Mendel was an Augustinian monk that argued that parental traits are passed on to their offspring discrete “heritable factors”. Heritable factors
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FN2 Module 1 Multiple Choice Questions MULTIPLE CHOICE: Choose the one alternative that best completes the statement or answers the question. a) Which of the following is least likely to increase market efficiency? 1) Governments relax restrictions on foreign investment 2) Corporations disseminate more information to investors 3) More new investors choose to invest in individual stocks on their own rather than invest in mutual funds 4) More stock transactions are conducted online than
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Question 4 (25 marks) Golden Golf Inc. has been in merger talks with Birdie Golf Company for the past six months. After several rounds of negotiations‚ the offer under discussion is a cash offer RM550 million for Birdie Golf. Both companies have niche markets in the golf club industry‚ and both believe that a merger will result in synergies due to economies of scale in manufacturing and marketing‚ as well as significant savings in general and administrative expenses. Bryce Bichon‚ the financial
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C: 2-8 What items are considered to be property for purposes of Sec. 351(a)? What items are not considered to be property? Items that are considered property include all types of property‚ such as cash‚ accounts receivable‚ inventories‚ patents‚ installment obligations‚ equipment‚ and buildings. Services‚ certain debt of the corporation‚ and certain accrued interest on debt are not treated as property. C: 2-43 Liabilities in Excess of Basis. Barbara transfers $10‚000 cash and machinery having
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Econ 130 – “Principles of Microeconomics”– Spring 2014 Tuesdays‚ Thursdays – Bilger 150 – 3-4:15pm Professor John Lynham (lynham@hawaii.edu) Course Description: Economics is the study of the use of scarce resources to satisfy human wants. In microeconomics‚ we study how these scarce resources are allocated within the market system. Topics include: division of labor‚ comparative advantage‚ supply and demand analysis‚ price ceilings/floors‚ taxes‚ monopoly‚ price discrimination‚ cartels‚ wages
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