Homework Problem Set 4 1. Because Q=12-2P inverse demand P = -0.5 Q+6 For “half price” case‚ P = 2.5‚ Q=7 consumer surplus = 7*(6-2.5)/2 = 12.25 For “buy one‚ get one free” case‚ when original P = 5‚ Q = 4 instead of 2‚ total benefit TB = (4+6)*4/2 = 20 On the other hand‚ payment is 2*5=10 dollars‚ so consumer surplus will be = 10 Thus “half price” gives more surplus. 2. cost minimizing manner‚ marginal product of typewriter/marginal product of word processor=rent of typewriter/rent
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Comprehensive Problem 67 (Ch. 5) Ken is 63 years old and unmarried. He retired at age 55 when he sold his business‚ Understock.com. Though Ken is retired‚ he is still very active. Ken reported the following financial information this year. Assume Ken’s modified adjusted gross income for purposes of the bond interest exclusion and for determining the taxability of his Social Security benefits is $70‚000 and that Ken files as a single taxpayer. Determine Ken’s 2009 gross income. a. Ken won $1
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FBE 421 Prof. Briggs Problem Set #1 Please print out this document and clearly handwrite your answers to each of the questions below in the space provided. Show all your work accordingly. A. Calculate LTM (a) Revenue and (b) Net Income for Costco Wholesale (COST) using their latest financial statements as of 3Q2011. 77946+60737-53821=84‚862 MM Revenue 1303+984-871= 1‚416 MM Net-income B. Calculate Costco’s LTM (a) EBIT and (b) EBITDA. 2077+1677-1389=2‚365 MM EBIT (2077+795)+(1677+582)-(1389+549)=
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Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40‚000 Materials handling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20‚000 Set-ups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10‚000 Quality control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45‚000
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Week 6 - DQ 1 Do social inequities (for example‚ certain individuals preferred over others for jobs‚ housing financing‚ and so on) based on race still occur? If so‚ what are some examples that you have seen? I have not seen social inequities based on race‚ but I have heard about it still going on. I have heard that the African Americans get more food stamps than white people. I do not know if it is true or not. I know many black people that do not want any financial help‚ and I know plenty
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Problem Set – June 11th 1. How does our spatial representation of time constitute an element of consciousness? Jaynes outlines six essential features to consciousness in modern humans. The first is spatialization. This describes the ability to metaphorically construct abstract concepts in a spatial map. For example‚ think about human history from about 1000 AD to today. How did you conceive of this concept? Did you see a timeline running left to right‚ with bullet points for the Norman Conquest
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Moses “Red” Lambert Week 6 Problem or Issue Investigation HUM 111-Professor Clifton 11/18/2012 Page 2 Describe how you are going to conduct the research necessary to solve the problem or issue. What sources of information will you use? The stressor that
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Market Equilibrating Process Paper ECO/561 February 15‚ 2011 Market Equilibrating Process Paper The principles of economics influence people’s lives every day. Consumers make purchases driven by need for food‚ gasoline‚ and a myriad of other goods and services to sustain their daily lives. Economists have made a career developing theories attempting to quantify the rationale of consumption. This paper will attempt to describe the most common principles of economics. These principles include
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MIT Sloan Finance Problems and Solutions Collection Finance Theory I Part 1 Andrew W. Lo and Jiang Wang Fall 2008 (For Course Use Only. All Rights Reserved.) Acknowledgements The problems in this collection are drawn from problem sets and exams used in Finance Theory I at Sloan over the years. They are created by many instructors of the course‚ including (but not limited to) Utpal Bhattacharya‚ Leonid Kogan‚ Gustavo Manso‚ Stew Myers‚ Anna Pavlova‚ Dimitri Vayanos and Jiang Wang. Contents 1
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Chapter 9‚ Problem 17 Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year. Also‚ he believes that at the end of the third year he will be able to sell the stock for $33. What is the present value of all future benefits if a discount rate of 11 percent is applied? (Round all values to two places to the right of the decimal point.) Present value of a single amount PV = FV x PVIF
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