Problem Set 1 Name:______________________ Problem Set 1 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 2. 1. Based on the information provided for the market for video games‚ answer the following questions. PRICE Q DEMANDED Q SUPPLIED $50 5 9 $45 7 7 $40 9 5 $35 11 3 $30 13 1 a) Draw and properly label the demand and supply graphs (this means you must label the axes and any lines you include on the graph). b) What is the equilibrium price and quantity? b.) PRICE:
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WEEK ONE PROBLEMS QRB501 McConnell & Brue Text Chapter 7: Study Question 12 The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. Indicate in each calculation whether you are inflating or deflating the nominal GDP data. [pic] Chapter 8: Study Question 2 Suppose an economy’s real GDP is $30‚000 in year 1 and $31‚200 in year 2. What is the growth rate of its real GDP? [(31‚200 – 30‚000) / 30‚000] * 100 =
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The following chapter summaries are mostly based on the McConnell & Brue text “Economics- 16th Ed.” Details available at http://highered.mcgraw-hill.com/sites/0072819359/information_center_view0/ note .. arrow means “leads to‚” “results in‚” “causes” Chapter 1 – The Nature and Method of Economics Economics is the study of scarcity and choice Key concept- opportunity cost: for a person to get more of one thing... he/she must forego getting something else e.g. to get food must
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Econ 122A Problem Set 6 Name(Print)______________________ Due in class on March 14 UCI ID_____________________________ 1. In class‚ we have talked about the following simple wage equation wage = α + β female + u ‚ where female is a dummy that is equal to 1 if female‚ and 0 otherwise. ˆ ˆ Given the OLS estimates α and β for the above model‚ what are the OLS estimates ˆ ˆ for a model with a male dummy instead of a female dummy
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5-1A. During the year‚ Plum Company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA and SUTA is $123‚400. Compute: a. Net FUTA tax ............................................... $ 987.20 b. Net SUTA tax ............................................... $ 5‚923.20 c. Total unemployment taxes ............................ $ 6‚910.40 5-2A. Peyton Company’s payroll for the year is $737‚910. Of this amount‚ $472‚120 is for wages paid in excess of $7‚000 to each individual
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projection to sell a million iPhones in Japan unraveled and sales were very low. People of Japan were already aware of cell phones with a 3G network‚ which the faster network had been around for several years‚ much longer than the United States. A few problems that Japan had with the Apple iPhone were the touch screens‚ the iPhone were not as advanced as what they could already get in Japan‚ and the iPhone could not purchase train passes as the other phones did. “Emoji”‚ clip art that is used to create
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Associate Program Material Racial Diversity: Historical Worksheet Answer the following questions in 100 to 250 words each. Provide citations for all the sources you use. • Throughout most of U.S. history‚ in most locations‚ what race has been in the majority? What is the common ancestral background of most members of this group? Throughout most of U.S. history‚ the white race has been the majority (Schaefer‚ 2012)‚ although this fact is not soley based upon how many of them
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select the backbone technology and price it‚ select the cabling and price it‚ select the devices and price them‚ and so on). Prices are available at www.datacommwarehouse.com‚ but use any source that is convenient. For simplicity‚ assume that category 5‚ category 5e‚ category 6‚ and fiber-optic cable have a fixed cost per circuit to buy and install‚ regardless of distance‚ of $50‚ $60‚ $120‚ and $300‚ respectively. Device Description Price each QTY Total Cisco 887VA Integrated service router
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MBA 504 MAC 502 Spreadsheet Modeling Assignment #8 Prof. Liz Durango-Cohen The data needed for this problem set is contained in worksheet “MBA_504_MAC_502_Problem_Set_#8_F14.xls” Problem 1: Writer’s Edge is a seller of fine fountain pens. The company has found that‚ in spite of the growth in online buying‚ its catalog business is still quite strong. With the holiday season coming Writer’s Edge is planning to run a new direct mail campaign. Relevant information includes: The cost
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Individual: Atmospheric Issues Climate change; the gradual shift in weather patterns throughout the planet attributed to the use of fossil fuels used by humanity to make life more convenient and comfortable. People have been the stewards of the planet for roughly 200‚000 years of which‚ the past 150 years would be classified as America’s peak industrialization‚ but this is a global issue and many nations have only recently begun their
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