Assignment 3: Economics 202 Problems for Chapter 13 1. Economists in Funlandia‚ a closed economy‚ have collected the following information about the economy for a particular year: Economists also estimate that the investment function is: where r is the country’s real interest rate‚ expressed as a percentage. Calculate private saving‚ public saving‚ national saving‚ investment‚ and the equilibrium interest rate. Please note: national savings is not related to the interest rate‚ which means that
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calculate a level production plan‚ quarterly ending inventory‚ and average quarterly inventory. If inventory-carrying costs are $6 per unit per quarter‚ what is the annual carrying cost? Opening and ending inventory are zero. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Totals Forecast Demand 5000 7000 8500 9500 30‚000 Production 7500 7500 7500 7500 30‚000 Ending Inventory 2500 3000 2000 0 Average Inventory 1250 2750 2500 1000 Inventory Cost 7500 16500 15000 6000 45000 9.14) If the annual cost of goods
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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 sales = 10‚000 * 0.1429 ≈ 1‚429 Expected sales = 30‚000 – 1‚429 = 30‚571 jerseys 3. First‚ we normalize the order quantity to find its z-statistic z=Q-μσ=28‚000-20‚00010‚000=0.8 In-stock probability = normdist(0.8‚ 0‚ 1‚ 1) = 0.788145 Therefore‚ the probability of filling all demand is 0.788145 4. Quantity = 8‚000 First‚
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for Goodman‚ Landry‚ and the Market Index. (Hint: Use the sample standard deviation formula given in the chapter‚ which corresponds to the STDEV function in Excel.) Standard Deviation Goodman Landry Market Index 0.314404 0.097073 0.137937352 3. Estimate Goodman’s and Landry’s betas as the slopes of regression lines with stock return on the vertical axis (y-axis) and market return on the horizontal axis (x-axis). (Hint: Use Excel’s SLOPE function.) Are these betas consistent with your graph
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Discussion Board Forum 4 BUSI 610 August 13‚ 2012 Ch. 10: How much do you think it is possible for an outsider to discern about the underlying cultural values of an organization by analyzing symbols‚ ceremonies‚ dress‚ or other observable aspects of culture‚ compared to an insider with several years of work experience? Select a percentage (e.g.‚ 10%‚ 70%) and discuss your reasoning. Outsiders’ being able to discern the underlying cultural values of an organization is about 40% When an outsider
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Econ Answers Chapter 3 The price of train travel increases by 10% and the demand for train travel falls by 12.5%. The price elasticity of demand for train travel is – -1.25 The short run (retail) supply of freshly cut flowers is much less elastic than that of pot plants because: -florists cannot keep freshly cut flowers as long as pot plants If demand drops to zero at the slightest increase in price‚ demand is: - Perfectly elastic Price elasticity of supply will be greater when: - firms hold large
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Econ 136: Financial Economics Problem Set #1 Due Date: September 11‚ 2014 1. The return profile and risk of the S&P 500. In this exercise you will reproduce the graphs presented in class. The goal of this exercise is (i) to expand your datahandling skills‚ (ii) test your understanding of basic probability concepts using real data and (iii) develop an appreciation for the use of replicating a result to ensure that you understand it. Go to Yahoo Finance (finance.yahoo.com) and search for the ticker
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|23 | |3 |30 | |4 |35 | |5 |38 | |6 |40.5 | PRICE = $2.00 per box |Bales of hay |Total Utility (Utils) | |1 |10 | |2 |22 | |3 |36
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Reflection on Math April Thompson Math 214 March 25‚ 2013 Michelle Carmel Reflection on Math In my experience in this course‚ I was taught and also came across many different concepts of becoming a math educator. By being a math teacher‚ to me it means that we must know and also process the information that is giving and taught to us as well. I have heard many individuals say the math is an easy subject to teach‚ because everything is written out for us educators step by steps. But‚ what
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Microeconomics (Fall 2014) Simon Bowmaker Problem Set 6 Submit at lecture (Monday‚ November 10) Write your answers on separate sheets of paper. Please include: your name your recitation teacher’s name day and time of the recitation NB: if your recitation takes place on Monday morning‚ you must submit your assignment to your teacher at the beginning of the recitation. 1. Assume a monopolist faces the following market demand: Q = 100 - 2P. The monopolist’s total cost function is TC = 5+8Q2. What
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