All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Ask a Question
AI Study Help New

Search
Sign In
Register

study help
business
economics

Questions and Answers of Economics

A company that manufactures amplified pressure transducers is trying to decide between a dualspeed and a variable-speed machine. The engineers are not sure about the salvage value of the
The average success probability for a wildcat oil well drilled in the Wind River basin 7 miles from the nearest existing production well is estimated to be 13%. If the value of the oil has equal
Determine the expected maximum rainfall intensity in El Paso, Texas for the month of July using the estimated probabilitiesshown.
Beckman Electronics has performed an economic analysis of proposed service in a new region of the country. The three-estimate approach to sensitivity analysis has been applied. The optimistic and
Multiple Choice Questions 1. In conducting a sensitivity analysis, all of the following could be used as a measure of worth except:(a) Present worth(b) Cost-capacity equations(c) Annual worth(d)
Berkshire Controllers usually finances its engineering projects with a combination of debt and equity capital. The resulting MARR ranges from a low of 4% per year, if business is slow, to a high of
One of the most basic services provided by municipal governments is the delivery of a safe, reliable water supply. As cities grow and extend their boundaries to outlying areas, they often inherit
Identify the following variables as either discrete or continuous.(a) The interest rates available in the marketplace for jumbo certificates of deposit (b) Optimistic, most likely, and pessimistic
For each situation below, determine (1) if the variable is discrete or continuous and (2) if the information involves certainty, risk, and/or uncertainty.(a) The first cost of a new front-end loader
An engineer learned that production output is between 1000 and 2000 units per week 90% of the time and it may fall below 1000 or go above 2000. He wants to use E (output) in the decision-making
Royalties received by an investor in an oil well vary according to the price of oil. Data collected from stripper wells in an established oil field were used to develop the probability-royalty
Daily revenue from vending machines placed in various buildings of a major university is as follows:20, 75, 43, 62, 51, 52, 78, 33, 28, 39, 61, 56, 43, 49, 48, 49,71, 53, 57, 46, 42, 41, 63, 36, 51,
A survey of households included a question about the number of operating automobiles N currently owned by people living at the residence and the interest rate i on the lowest-rate loan for the cars.
An officer of the state lottery commission sampled lottery ticket purchasers over a 1-week period at one location. The amounts distributed back to the purchasers and the associated probabilities for
Bob is working on two separate probability-related projects. The first involves a variable N, which is the number of consecutively manufactured parts that weigh in above the weight specification
An alternative to buy and an alternative to lease hydraulic lifting equipment have been formulated. Use the parameter estimates and assumed distribution data shown to plot the probability
Carla is a statistician with a bank. She has collected debt-to-equity mix data on mature (M) and young (Y) companies. The debt percentages vary from 20% to 80% in her sample. Carla has defined D M as
A discrete variable X can take on integer values of 1 to 10. A sample of size 50 results in the following probability estimates:(a) Write out and graph the cumulative distribution.(b) Calculate the
A discrete variable X can take on integer values of 1 to 5. A sample of size 100 results in the following probability estimates.(a) Use the following random numbers to estimate the probabilities for
The percent price increase p on a variety of retail food prices over a 1-year period varied from 5% to 10% in all cases. Because of the distribution of p values, the assumed probability distribution
Develop a discrete probability distribution of your own for the variable G, the expected grade in this course, where G = A, B, C, D, F, or I (incomplete). Assign random numbers to F (G), and take a
Use the RAND function in Excel to generate 100 values from a U (0, 1) distribution.(a) Calculate the average and compare it to 0.5, the expected value for a random sample between 0 and 1.(b) For the
An engineer was asked to determine whether the average air quality in a vehicle assembly plant was within OSHA guidelines. The following air quality readings were collected:81, 86, 80, 91, 83, 83,
Carol sampled the monthly maintenance costs for automated soldering machines a total of 100 times during 1 year. She clustered the costs into $200 cells, for example, $500 to $700, with cell
(a) Determine the values of sample average and standard deviation of the data in Problem.(b) Determine the values 1 and 2 standard deviations from the mean. Of the 50 sample points, how many fall
(a) Use the relations in Section 19.4 for continuous variables to determine the expected value and standard deviation for the distribution of f (DY) in Problem.(b) It is possible to calculate the
(a) Use the relations in Section 19.4 for continuous variables to determine the expected value and variance for the distribution of DM in Problem 19.10.f (DM) = 3(1 – DM)2 0 ≤ DM ≤ 1(b)
Calculate the expected value for the variable N in Problem.Bob is working on two separate probability-related projects. The first involves a variable N, which is the number of consecutively
A newsstand manager is tracking Y, the number of weekly magazines left on the shelf when the new edition is delivered. Data collected over a 30-week period are summarized by the following probability
Carl, an engineering colleague, estimated net cash flow after taxes (CFAT) for the project he is working on. The additional CFAT of $2800 in year 10 is the salvage value of capital assets.Year
Repeat Problem except use the normal distribution for the CFAT in years 7 through 10 with an expected value of $2000 and a standard deviation of $500.Carl, an engineering colleague, estimated net
For the income and probability values shown in the table, the probability that the income in any year will be less than $9600 is closest to:(a) 0.15(b) 0.23(c) 0.32(d)0.38
A survey of the types of cars parked at an NFL football stadium revealed that there were equal probabilities of finding cars identified as type A, B, C, and D. Car types were assigned random numbers
Multiple Choice Questions1. When there are at least two values for a parameter and it is possible to estimate the chance that each may occur, this situation is known as:(a) Uncertainty(b) Risk(c)
The following table gives the short-run and long-run total costs for various levels of output of Consolidated National Acme, Inc.Explain why ATC, AVC and MC curves are U-shaped?
Al performs services for Jan. Regarding this arrangement, use the legend provided to classify each statement.Legenda) Indicates employee status.b) Indicates independent contractor status.__ The
Give your assessment of the current economic environment and provide investment advice and provide evidence for your recommendations
On September 30 of the current year, Silver Fox Corporation files for bankruptcy. At the time, it estimates that the total FMV of its assets is $725,000, whereas the total amount of its outstanding
What is 7 habit of effective CFO?
What is disadvantage of buying vs leasing vehicle?
Discuss the relationship between the price of a bond and interest rates. Why does the price of a bond change over its lifetime? Please offer a quantitative example to demonstrate this relationship
Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone
A monopolistically competitively firm faces the following demand and cost structure in the short-run.a. Complete the tableb. What is the highest profit or lowest profit available to this firm?c.
A company manufactures a product at two plants, one in Dallas and one in Kansas City. The Dallas plant can produce up to 200 units per day, and the Kansas City plant can produce up to 250 units per
Is a stronger dollar good or bad for America?
What is the leading export for Iceland?
1. Finding the implied interest rate (APR) when customers do not take the discount for credit terms of credit terms of 2/10 net 30..2. What is the effective rate for the above?
Banks are not the only financial intermediary from which corporations can obtain financing. What are the other intermediaries? How much financing do they supply, relative to banks, in the United
Discuss a situation that would suggest overhead variances should be viewed as interdependent as opposed to independent.
You have been at your job for East Coat Yachts for a week now and have decided you need to sign up for the company's 401(k) plan. Even after your decision with Sarah Brown, the Bledsoe Financial
The number of employees on the payroll at a food processing plant is recorded at the start of each month. Explain the seasonal pattern?
The manager of All City Realtors wants to hire some real estate agents to specialize in selling housing units acquired by the Resolution Trust Corporation (RTC) in its attempt to bail out the savings
Discuss why business managers would want to express future cash flows in today’s dollar. How would this facilitate business decision making?
Consider the marginal cost for a product like Microsoft Windows 7. How does the marginal cost for a product like this differ from a product like automobiles? What relevance might there be to this
The Bingo Hamburger Company has a chain of 12 stores in a large city. Sales figures and profits for the stores are given in the following table. Obtain a regression line for the data and predict
Assume consumers are choosing between housing services (H) measured in square feet and consumption of all other goods (C) measured in dollars.a. Show the equilibrium position in a diagram.b. Now
Suppose low-income people have preferences for nonfood consumption (NF) and for food consumption (F). In the absence of any income transfer programs, a person’s budget constraint is given byNF +
Suppose that people derive utility from two goods—housing (H) and all other consumption goods (C).a. Show a typical consumer’s allocation of his or her income between H and C.b. Suppose that the
A common utility function used to illustrate economic examples is the Cobb-Douglas function where U(X, Y) = Xα Yβ where α and β are decimal exponents that sum to 1.0 (that is, for example, 0.3
Elizabeth M. Suburbs makes $200 a week at her summer job and spends her entire weekly income on new running shoes and designer jeans, because these are the only two items that provide utility to her.
Currently, Paula is maximizing utility by purchasing 5 TV dinners (T) and 4 Lean Cuisine meals (L) each week.a. Graph Paula’s initial utility-maximizing choice.b. Suppose that the price of T rises
David gets $3 per month as an allowance to spend any way he pleases. Because he likes only peanut butter and jelly sandwiches, he spends the entire amount on peanut butter (at $.05 per ounce) and
Irene’s demand for pizza is given by:Q = 0:3I / PWhere Q is the weekly quantity of pizza bought (in slices), I is weekly income, and P is the price of pizza. Using this demand function, answer the
The demand curves we studied in this chapter were constructed holding a person’s nominal income constant—hence, changes in prices introduced changes in real income (that is, utility). Another way
The residents of Uurp consume only pork chops (X) and Coca-Cola (Y). The utility function for the typical resident of Uurp is given byUtility = U(X, Y) = √ X · YIn 2009, the price of pork chops in
Suppose that the demand curve for garbanzo beans is given byQ = 20 – PWhere Q is thousands of pounds of beans bought per week and P is the price in dollars per pound.a. How many beans will be
Tom, Dick, and Harry constitutes the entire market for scrod. Tom’s demand curve is given byQ1 = 100 – 2PFor P ≤ 50. For P > 50, Q1 = 0. Dick’s demand curve is given byQ2 = 160 – 4PFor P
In Chapter 3 we introduced the concept of consumer surplus as measured by the area above market price and below an individualâ€™s demand for a good. This problem asks you to think about that
Consider the linear demand curve shown in the following figure. There is a geometric way of calculating the price elasticity of demand for this curve at any arbitrary point (say point E). To do so,
Suppose a person must accept one of three bets:Bet 1: Win $100 with probability Â½; lose $100 with probability Â½.Bet 2: Win $100 with probability Â¾; lose $300 with probability Â¼.Bet 3: Win
A person purchases a dozen eggs and must take them home. Although making trips home is costless, there is a 50 percent chance that all of the eggs carried on one trip will be broken during the trip.
Suppose there is a 50-50 chance that a risk-averse individual with a current wealth of $20,000 will contract a debilitating disease and suffer a loss of $10,000.a. Calculate the cost of actuarially
Mr. Fogg is planning an around-the-world trip. The utility from the trip is a function of how much he spends on it (Y) given byU(Y) = log YMr. Fogg has $10,000 to spend on the trip. If he spends all
Sometimes economists speak of the certainty equivalent of a risky stream of income. This problem asks you to compute the certainty equivalent of a risky bet that promises a 50-50 chance of winning or
Suppose Molly Jock wishes to purchase a high definition television to watch the Olympic wrestling competition in London. Her current income is $20,000, and she knows where she can buy the television
Sophia is a contestant on a game show and has selected the prize that lies behind door number 3. The show’s host tells her that there is a 50 percent chance that there is a $15,000 diamond ring
The option on Microsoft stock described in Application 4.4 gave the owner the right to buy one share at $27 one month from now. Microsoft currently sells for $25 per share, and investors believe
In this problem, you will see why the ‘‘Equity Premium Puzzle’’ described in Application 4.5 really is a puzzle. Suppose that a person with $100,000 to invest believes that stocks will have a
Consider a simultaneous game in which player A chooses one of two actions (Up or Down), and B chooses one of two actions (Left or Right). The game has the following payoff matrix, where the first
Return to the game given by the payoff matrix in Problem.Two classmates A and B are assigned an extra credit group project. Each student can choose to Shirk or Work. If one or more players choose
Consider the war over the new format for high definition video disks discussed in Application 5.3, but shift the focus to the game (provided in the following table) between the two firms, Sony and
Two classmates A and B are assigned an extra credit group project. Each student can choose to Shirk or Work. If one or more players choose Work, the project is completed and provides each with extra
Return to the Battle of the Sexes in Table. Compute the mixed-strategy Nash equilibrium under the following modifications and compare it to the one computed in the text. Draw the corresponding
The following game is a version of the Prisoners€™ Dilemma, but the payoffs are slightly different than in Table.Prisoners€™ Dilemma in Normal Forma. Verify that the Nash
Three department stores, A, B, and C, simultaneously decide whether or not to locate in a mall that is being constructed in town. A store likes to have another with it in the mall since then there is
Consider the Tragedy of the Commons game from the chapter with two shepherds, A and B, where sA and sB denote the number of sheep each grazes on the common pasture. Assume that the benefit per sheep
Imagine that the production function for tuna cans is given byq = 6K + 4LWhereq = Output of tuna cans per hourK = Capital input per hourL = Labor input per houra. Assuming capital is fixed at K = 6,
The following data represent 5 points on the supply curve for orange juice:PRICE QUANTITY($ PER GALLON) (MILLIONS OF GALLONS)1 ................ 1002 ................ 3003 ................ 5004
Marshall defined an equilibrium price as one at which the quantity demanded equals the quantity supplied.a. Using the data provided in problem 1.1, show that P = 3 is the equilibrium price in the
The equilibrium price in problem is P = 3. This is an equilibrium because at this price, quantity demanded is precisely equal to quantity supplied (Q = 500). One might ask how the market is to reach
In several places, we have warned you about the decision of Marshall to ‘‘reverse the axes’’ by putting price on the vertical axis and quantity on the horizontal axis. This problem shows that
This problem involves solving demand and supply equations together to determine price and quantity.a. Consider a demand curve of the formQD = –2P + 20Where QD is the quantity demanded of a good and
Taxes in Oz are calculated according to the formulaT = .01/2Where T represents thousands of dollars of tax liability and I represents income measured in thousands of dollars. Using this formula,
The following data show the production possibilities for a hypothetical economy during one year:OUTPUT OF X OUTPUT OF Y1000 ...............0800 ..............100600 ..............200400
Suppose an economy has a production possibility frontier characterized by the equationX2 + 4Y2 = 100a. In order to sketch this equation, first compute its intercepts. What is the value of X if Y = 0?
Suppose consumers in the economy described in problem wished to consume X and Y in equal amounts.a. How much of each good should be produced to meet this goal? Show this production point on a graph
Consider the function Y = X âˆ™ Z, X, Z â‰¥ 0.a. Graph the Y = 4 contour line for this function. How does this line compare to the Y = 2 contour line in Figure 1A.5? Explain the reasons for
Suppose a person has $8.00 to spend only on apples and bananas. Apples cost $.40 each, and bananas cost $.10 each.a. If this person buys only apples, how many can be bought?b. If this person buys
Suppose the person faced with the budget constraint described in problem 2.1 has preferences for apples (A) and bananas (B) given byUtility = √A∙Ba. If A = 5 and B = 80, what will utility be?b.
Paul derives utility only from CDs and DVDs. His utility function isU = √C ∙ Da. Sketch Paul’s indifference curves for U = 5, U = 10, and U = 20.b. Suppose Paul has $200 to spend and that CDs

Showing 4300 - 4400 of 28069

First
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved