Prof. Gustavo Indart Department of Economics University of Toronto ECO 100Y INTRODUCTION TO ECONOMICS Problem Set 1 1. Labour is the only resource in an economy with the following maximum production possibilities. (The graph is drawn as a curve rather than points under the assumption that opportunity cost is constant between options.) Option 1 2 3 4 a) b) c) d) e) f) Clothes (Tons) 50 40 20 0 Food (Tons) 0 30 70 100 What is the opportunity cost of increasing Clothes production from 20 to 40
Premium Economics
Week 6 Case Analysis MKTG 301 1. Harris told Houston that he needed a couple of weeks to think about his proposal. How should Houston handle this? Harris is using what is called a time objection also known as stalling technique. In this particular case study Harris already has the need fulfilled by a different supplier and while they have had a few late deliveries Harris need to determine if it worth going through all of the work to get set up a new vendor. The time objection is often
Premium 2002 albums Sales Marketing
Running Head: Research Design Analysis 1 Research Plan Outline Shamika Cockfield Strayer University Dr. Brian Stark Educational Research Methods EDU508 08102014 Running Head: Research Design Analysis 2 Educational research involves a decision to study or describe something. All educational
Free Scientific method Hypothesis Research
Week 6 Individual work Computer Applications January 12‚ 2014 1. What were your major accomplishments during this course? Did you achieve the goal you set for yourself in your Success Plan? My major accomplishment was the opportunity to practice using computer operating systems. I learned about computers‚ and networking‚ concepts‚ computer applications‚ and productivity software. I accomplished the word processing‚ spreadsheet‚ database‚ and PowerPoint presentations. I also understand the operating
Premium Spreadsheet Microsoft Word processor
Problem 1-7/39 Nikolas Benton launched a new business‚ Benton’s Maintenance Co.‚ that began operations on June 1. The following transactions were completed by the company during that first month. 1. N.Benton invested $41.000 cash in the company ( cash‚ equity (owner capital)) 2. The company rented a funitured office and paid $2.200 cash for June’s rent. ( cost‚ cash) 3. The company purchased $1.860 of equipment on credit ( equipment‚ payable) 4. The company paid $780 cash for this
Premium 2007 1966 1979
Gregory Visci Case Study Week 6 Busn427 Closing Case- Building the Boeing Summary Boeing has created the aircraft of the future‚ the 787 jet. It is designed to fly long-haul point-to-point routes‚ equipped with 250 seats. 80% of the materials used are composite materials. This makes the plane 20% lighter then the traditional aircraft. This translates to savings in jet fuel consumption and cost. The design and creation of the jet was a major technological gamble. To cut costs to
Premium Cost Management Outsourcing
INTERCOASTAL ELECTRONICS BUDGETING PROCESS 1. Sales budget: 2011 December $400‚000 100‚000 300‚000 January $440‚000 110‚000 330‚000 February $484‚000 121‚000 363‚000 2012 March $532‚400 133‚100 399‚300 First Quarter $1‚456‚400 364‚100 1‚092‚300 Total sales........................ Cash sales* ...................... Sales on account† ........... *25% of total sales. †75% of total sales. 2. Cash receipts budget: 2012 January $110‚000 33‚000 270‚000 $413‚000 February $121‚000 36‚300 297‚000 $454
Premium Balance sheet Generally Accepted Accounting Principles Revenue
Econ 214 Problem Set 4 1. What determines whether a financial asset is included in the M1 money supply? Why are interest-earning checkable deposits included in M1‚ whereas interest-earning savings accounts and Treasury bills are not? A financial assest is included in the M1 money supply when it can be quickly converted into the physical form of money‚ such as dollars and coins. Interested-earning checkable deposits are included because it can be quickly accessible without limitations
Premium Banking Fractional-reserve banking Federal Reserve System
UNIVERSITY OF TORONTO Joseph L. Rotman School of Management RSM332 PROBLEM SET #2 SOLUTIONS 1. (a) Expected returns are: E[RA ] = 0.3 × 0.07 + 0.4 × 0.06 + 0.3 × (−0.08) = 0.021 = 2.1%‚ E[RB ] = 0.3 × 0.14 + 0.4 × (−0.04) + 0.3 × 0.08 = 0.05 = 5%. Variances are: 2 σA = 0.3 × (0.07)2 + 0.4 × (0.06)2 + 0.3 × (0.08)2 − (0.021)2 = 0.004389‚ 2 σB = 0.3 × (0.14)2 + 0.4 × (0.04)2 + 0.3 × (0.08)2 − (0.05)2 = 0.00594. Standard deviations are: √ 0.004389 = 6.625%‚ σA = √ 0.00594 =
Premium Interest Variance Standard deviation
Answer No. 1 Production possibility curve is a particular form of curve‚ which shows the possibility of production in a particular economy (Gwartney‚ Stroup‚ Sobel‚ Macpherson p.28). In an economy‚ the resources are scarce‚ therefore‚ it is important for the economy to make sure that‚ it keeps a balance between the productions and utilizes its resources appropriately. If the production possibility curve of an economy will move outwards then‚ the long run supply curve will have a positive change
Premium Aggregate demand Economics Supply and demand