ECON112 Macroeconomics Problem Set 3 *Solution* Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) -----------------------------------------------------------------------------------------------------------------------------------Posted: Monday‚ November 1‚ 2010 Due: 5:30 PM Monday‚ November 8‚ 2010 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (15 marks‚ 3 marks each: 1 mark for correct judgment
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Solution: Computation of: Revenue Simple returns = (service fee‚ $50) x no. of simple returns demand Complex returns = (service fee‚ $200) x no. of complex returns demand Cost of permanent employees Payment for accountant = (regular rate‚ $600 per week) x no. of permanent accountant Payment for computer system = (per computer rate‚ $175 per week) x no. of accountants who access to the computerized system Total permanent costs = payment to accountant
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distribution To calculate the covariance and understand its use in finance To compute probabilities from binomial‚ hypergeometric‚ and Poisson distributions How to use the binomial‚ hypergeometric‚ and Poisson distributions to solve business problems Copyright ©2012 Pearson Education‚ Inc. publishing as Prentice Hall Chap 5-2 Definitions Random Variables A random variable represents a possible numerical value from an uncertain event. Discrete random variables produce outcomes that
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The Solution to the Earths’ Energy Conservation Problem Gas prices have hit $6.00 a gallon! That is a scary thought‚ but reality is if we don’t start conserving our energy sources now‚ that is exactly what we will get gas for $6.00 a gallon or maybe even more. In today’s society we are only worried about the here‚ and the now. We all need to start thinking long term and come up with ideas for preserving our future. In the United States the industries use up about forty two percent of the nation’s
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Module: Introduction to Project Management 10th March 2012 As outlined by Wysocki (2009) any project management methodology can be split into five Process Groups. The following table displays which Process Group addresses eachfundamental question. | | Process Groups | No | Fundamental Questions | Scoping | Planning | Launching | Monitoring & Control | Closing | 1 | What business situation is being addressed? | x | | | | | 2 | What do you need to do? | x | | | | | 3 | What
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By: Nicholas R. Singh Valeree A. Morales A Heavy-Set Problem During a chase‚ huffing and puffing‚ a staggering cop collapses to the ground‚ out of breath‚ without the ability to run further; another criminal gets away. It’s pathetic – cops these days – fat‚ doughnut loving‚ out of shape losers. It is impossible to expect obese‚ stout‚ gargantuan‚ heavyset‚ rotund‚ potbellied police to help us in our endeavors to be a free and prosperous country; together we can solve this crisis with two
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Introduction Companies around the world face challenges both externally and internally. Externally‚ companies have to create‚ manufacture‚ and distribute a product appealing to a targeted group of companies and in some cases venture out to the individual population. Internal challenges stem from the Chief Executive Officer’s (CEO)‚ board members‚ team leaders‚ production designers‚ sales representatives‚ and the employee population. Some challenges presented can be the light of a new idea and other
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Kids Most kids need to ride in a booster seat from about age 4 until age 10-12. If your child isn’t using a booster‚ try the simple test below the next time you ride together in the car. You may find that your child is not yet ready to use a safety belt without a booster. I like my booster! NO NO The 5-Step Test 1. 2. 3. 4. 5. Does the child sit all the way back against the auto seat? Do the child’s knees bend comfortably at the edge of the auto seat? Does the belt cross the shoulder between
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1. (24 points) If needed‚ additional workspace is provided on the next sheet. Doug Moodie is the president of Garden Products Limited. Over the last 5 years‚ his vice president of marketing has been providing the sales forecast using his special “focus” forecasting technique. The actual sales for the past ten years and the forecasts from the vice president of marketing are given below. |Year |Sales |VP/Marketing
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Problem Set Seven Solutions Chapter 9 1. Two car manufacturers‚ Saab and Volvo‚ have fixed costs of $1 billion and constant marginal costs of $10‚000 per car. If Saab produces 50‚000 cars per year and Volvo produces 200‚000‚ calculate the average fixed cost and average total cost for each company. On the basis of these costs‚ which company’s market share should grow in relative terms? Answer: Average total cost is average fixed cost plus marginal cost: ATC = FC/Q + MC. Volvo’s average fixed cost
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