Part 1 of 3 - 100.0/ 100.0 Points Question 1 of 16 10.0/ 10.0 Points Demand is price inelastic if: A.the price of the good responds slightly to a quantity change. B.the demand curve shifts very little when a demand shifter changes. Correct C.the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. D.all of the above are true. Answer Key: C Question 2 of 16 10.0/ 10.0 Points If the absolute value of price elasticity
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b Here m = -3 The negative reciprocal right now is equal to 0. m = 1/3 Find the equation of the line by using the point – slope formula Use the ordered pair (-1‚ 5) m = 1/3 Use equation of a line formula: y = mx + b Put the value of m into the equation: y = 1/3x + b Put the value of x into the equation: y = 1/3 * -1 + b Put the value of y into the equation: 5 = 1/3* -1 + b Place b on the left-side of the equation: 1/3 * -1 + b = 5 Multiply 1/3 by -1 to get -1/3 -1/3 + b = 5 Reorder
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3. Given the following data: Job M1 M2 (processing times at machine 1 and 2) A 9 12 B 13 9 C 8 20 D 11 7 E 16 18 F 18 22 G 14 13 What is the minimum makespan? Answer: In order to find the minimum makespan for the two macines we can apply Johnson’sRule: Step 1: Look at the processing
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consultant scenarios Case project 3.1 To solve the shared bandwidth problem with the company network new equipment is necessary. First off the 10mbps Ethernet hub should be replaced with a 100mbps‚ due to its better performance. An extended star topology with a logical switch topology will be the best setup for the situation. As for the five new computers a wireless approach will be best. For this method each new addition will need to be equipped with a wireless NIC (network interface card). To connect
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A biased essay can diminish the writer’s reliability in the reader’s eye. Reliability is what makes a writer’s word reliable. If a writer fails to address the other side of an argument or concern‚ which they feel strongly‚ by paying no attention to it or by dismissing it‚ it is less likely that a reader will give their essay any credibility. “Acknowledging points of view different from your own also has the effect of fostering more credibility between you and the audience.” (McLean‚ S.‚ 2011‚ p.
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HSM 260 Checkpoint Scavenger Hunt Week 1 July 29‚ 2011 GAAP- (Generally Accepted Accounting Principles) - The rules that govern the way accountants generate financial reports. http://www.investopedia.com/terms/g/gaap.asp Basic accounting formula- The formula used in accounting that shows the total assets‚ liabilities‚ and the shareholders equity. Assets = Liabilities + Shareholder Equity. http://www.investopedia.com/terms/a/accounting-equation.asp Transaction‚ t-account- An analysis
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center that services victims of domestic abuse. Your organization is happy to have you on board and trusts your decisions. Due to an increase in demand for services in your area‚ your center will be increasing the number of employees by 100%. Your employer asks you to participate in an expansion plan. Your task is to research possible organizational structures that best suit the needs of your clients and your organization. Identify‚ in 200 to 300 words‚ the advantages and disadvantages of each of the
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Individual Exercise 3 (10 points) 1. A shoe manufacturer’s data show that the distribution of shoe size is normal with a mean of 11inches and SD 1.5 inches. * A manger of the company claims that 70% of the times shoe size will be between 8 and 12 inches. What do you think? In your deliverables‚ write a few lines about what you think of the manager’s claim and what would you advise him to do. (1 point) * How would you modify the manager’s claim if the distribution of shoe size was not
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1. Question : (TCO A) There is a decrease in the cost of labor for producing bicycles. (4 pts.) What happens to bicycle supply? (6 pts.) What happens to bicycle demand? Student Answer: When there is an increase in the price of labor for making bicycles the supply would decrease because it would cost more to make the bikes and the supply curve would shift to the left. There would be no change in the demand for the bicycles. Instructor Explanation: Since a change in costs to produce the
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Accrual Method Checkpoint October 2‚ 2011 HSM/260 In a nonprofit organization it is important to make sure we are utilizing the best accounting system for our organization. Organizations that are non-profit are expected to provide financial statements that are based upon the accrual method of accounting. The accrual method of accounting differs from cash basis accounting. In the accrual method‚ income is recognized when services are rendered (Kokemuller‚ 2013)
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