QD= 8000-2PX+0.4I+2PY-4PZ
A - What are the intercepts and slope of your demand curve? price intercept and the quantity intercept and the slope
B - the price of good X is $100, what is the quantity demanded?
C - Now suppose the price of good Y rises to $150. What would happen to your demand curve? What are the price intercept, quantity intercept and slope?
In: Economics
Select two countries (excluding the United States) and prepare a short report describing their basic Internet infrastructure. Are they public or commercial? How and where do they connect to backbones within the United States?
In: Economics
write what you think are the key components of the culture in the United States that someone visiting from another country for business should be aware of.
In: Economics
|
Quantity of Tomatoes |
Total Benefit from Tomatoes |
Quantity of Potatoes |
Total Benefit from Potatoes |
|
0 |
$0 |
0 |
$0 |
|
1 |
$10 |
1 |
$16 |
|
2 |
$18 |
2 |
$28 |
|
3 |
$24 |
3 |
$36 |
|
4 |
$28 |
4 |
$40 |
|
5 |
$30 |
5 |
$41 |
In: Economics
1) Considering that Germany has a huge trade surplus, who has likely gained from having trade as opposed to international trade being banned?
a. Domestic consumers
b. Domestic producers
c. Government
d. Domestic consumers and domestic producers
2) Suppose we have the country of Carrieopolis with the following prices and quantities:
P of Laptops P of Tablets # of Laptops # of Tablets
2017 $100 $100 200 200
2018 $120 $120 230 230
2019 $200 $200 350 350
If the base year for prices is 2017, what is the CPI for the year 2018?
a. 60
b. 91
c. 100
d. 120
3) Using the information from the previous problem, what is the annual real GDP growth for 2019?
a. 10%
b. 30.4%
c. 52.2%
d. 75%
In: Economics
|
Hours per month |
Marginal Utility from Golf |
Marginal Utility from Tennis |
|
1 |
60 |
40 |
|
2 |
50 |
36 |
|
3 |
40 |
30 |
|
4 |
30 |
10 |
|
5 |
20 |
5 |
|
6 |
10 |
2 |
|
7 |
6 |
1 |
In: Economics
Toll lanes on a section of the I-40 freeway are being considered in order to reduce traffic congestion and travel times. Since this is a government project, the B-C ratio method must be applied in the evaluation. The following are cost and other estimates:
Construction costs = $17,300,000
Operating and maintenance costs = $532,000 per year
Projected service life = 30 years
Savings in travel times and revenues generated from the tolls = $5,244,000 in the first year of operation and projected to increase by 2.75% per year due to the projected annual increase in traffic. In addition, environmental analysis estimates that the project will result in increased noise and air pollution that will cause an additional societal health cost of $644,000 the first year and is also projected to increase at 2.75% per year.
Assuming zero market (salvage) value at the end of 30 years and a MARR of 10%per year, should the toll lanes beconstructed?
The conventional benefit-cost ratio of the project with PW is______(Round to two decimal places.)
According to the B-C ratio method, the toll lanes should
A.not be constructed
B. be constructed
In: Economics
In: Economics
The operations manager at an electronics company believes that the time required for workers to build a circuit board is not necessarily proportional to the number of parts that go onto the board. She has collected data on the time (in minutes) it takes a worker to build a board and the number of parts installed. The data is in a worksheet names Circuits. Data-1.xlsx
| Time | Parts |
| 30.8 | 62 |
| 9.8 | 32 |
| 61.4 | 96 |
| 9.0 | 30 |
| 25.8 | 53 |
| 56.7 | 94 |
| 29.5 | 59 |
| 25.4 | 53 |
| 51.4 | 87 |
| 14.9 | 41 |
| 35.6 | 71 |
| 17.2 | 43 |
| 40.2 | 73 |
| 6.5 | 25 |
| 8.0 | 28 |
| 55.2 | 92 |
| 21.9 | 51 |
| 22.2 | 51 |
| 14.5 | 41 |
| 6.0 | 24 |
| 49.0 | 85 |
| 9.6 | 32 |
| 30.4 | 61 |
| 17.5 | 43 |
| 29.8 | 60 |
1. Estimate a regression line to predict time based on the number of parts. What is the Coefficient of Determination of the simple regression? (enter as a decimal)
3. What is the standard error of the estimate of the simple regression?
4. What is the predicted time to build a circuit board with 50 parts?
5. Estimate a quadratic regression line to predict time based on the number of parts and the number of parts squared. What is the Coefficient of Determination of the quadratic model? (enter as a decimal)
6.What is the standard error of the estimate of the quadratic model?
7.
Which model is better, the simple regression or the quadratic?
Group of answer choices
a.Simple because the MSR is larger.
b. Simple because the t-statistic of Parts is much higher.
c.Quadratic because standard error is lower and adj-R2 is higher.
d. Quadratic because it has two variables instead of one.
In: Economics
Evaluate the following statement: In the short run, information about a perfectly competitive firm’s fixed costs is needed to determine both the profit-maximizing level of output and the amount of profit earned when producing that level of output. Provide an example of companies that illustrate the discussion. I specifically need the example
In: Economics
How would you evaluate the cost and benefit of college education in economic terms? What explains the rising demand for college education? Under the current unique circumstance of COVID-19, what do you see or expect to see the change in the demand for college education?
In: Economics
Define Social Entrepreneurship/Social Enterprise - List Several in the Seattle Area and discuss their impact.
In: Economics
How artists people love their job more than anything else? explain with example
In: Economics
In times of global changes in climate and economy the point of view to waste as a resource shows a lot of ways of recovery. Point out the difference between recovering and recycling and discuss economic facts and efforts, social impacts as well as environmental issues and development in law and security. Discuss two examples for the relationship between recovering and recycling of plastic products and explain your achievements.
In: Economics
What does the slope of the yield curve tell us? Suppose that economy is in recession and monetary authority decreases policy rate (interest rate) to return output to its potential level. Illustrate using relevant graphs when the yield curve is i) approximately horizontal ii) downward sloping (Hint: Use expectations augmented I S - LM model) .
In: Economics