In: Economics
Two insulation thickness alternatives have been proposed for a process steam line subject to severe weather conditions. One alternative must be selected. Estimated savings in heat loss and installation cost are given below:
THICKNESS |
INSTALLATION COST |
ANNUAL SAVINGS |
MAINTENANCE ONCE IN EACH 2 YEARS |
2cm |
$125000 |
$62000 |
$4800 |
5cm |
$408000 |
$125000 |
$0 |
b.) Useful life of 2 cm Thickness alternative is 8 years and useful life of 5 cm thickness alternative is 7 years. Which thickness would you recommend for a MARR= 9% per year and negligible market (salvage) values using Present Worth Analysis and Annual Worth Analysis ? (Use repeatability assumption)
IN EXCEL PLZ!!
In: Economics
News reports from the western United States occasionally report incidents of cattle ranchers slaughtering many newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what economic factors may influence such behavior. Justify your answer.
In: Economics
Two insulation thickness alternatives have been proposed for a process steam line subject to severe weather conditions. One alternative must be selected. Estimated savings in heat loss and installation cost are given below:
THICKNESS |
INSTALLATION COST |
ANNUAL SAVINGS |
MAINTENANCE ONCE IN EACH 2 YEARS |
2cm |
$125000 |
$62000 |
$4800 |
5cm |
$408000 |
$125000 |
$0 |
a.) Useful lives of both alternatives are 8 years. Which thickness would you recommend for a MARR= 9% per year and negligible market (salvage) values using Present Worth Analysis and Annual Worth Analysis? (Use repeatability assumption)
IN EXCEL PLZ!!
In: Economics
In prospect theory, the interplay of overweighting of small probabilities and concavityconvexity of the value function leads to the so-called fourfold pattern of risk attitudes. Each quadrant shows an individual’s choice between two prospects (x; p) in the first row and the individual’s risk attitude in the second row.
Gains | Losses | |
High probability | Choose (949) over (1000, 0.95) Risk averse | Choose (-1000,0.95) over (-949) Risk seeking |
Low probability | Choose (1000, 0.05) over (51) Risk seeking | Choose (-1000,0.95) over (-949) Risk seeking |
For each quadrant, explain the individual’s risk attitude with reference to the choice between the two prospects. Show your calculations clearly.
In: Economics
Choose 1 of the following topics related to the Great Recession:
Write a 350- to 700-word analysis of 1 of the following corrective actions taken by the Federal Reserve as a result of the crisis:
Address the following in your analysis:
In: Economics
1.1 Each entry-level Economics undergraduate in Glasgow, Scotland, has either high or low ability. All potential employers value a high-ability worker at £18,000 per month and a low-ability worker at £9,000 per month. The supply of high-ability workers is ?? ? = 0.05(? − 2,000) and the supply of low-ability workers is ?? ? = 0.1(? − 2,000), where ? is the monthly wage.
If workers’ abilities are observable to employers, what are the equilibrium wages? How many workers of each type do employers hire? If employers do not observe workers’ abilities, what is the equilibrium wage? How many workers of each type do employers hire? What is the deadweight loss due to asymmetric information?
In: Economics
For each event, identify the specific factor and explain the likely effect on the price of the Australian Dollar (AUD) in the foreign exchange market. Use a relevant demand and supply for AUD diagram in each of your answers.
[9 marks]
[3 marks]
c) Discuss the likely effects a large appreciation of the AUD would have on: (i) consumers travelling overseas; (ii) wheat exporters; (iii) import-competing Australian firms such as manufactures. [3 marks]
In: Economics
Assume that effective forecasting requires a combination of technique, system support, and administration. Your supervisor in your consumer products firm has requested that you identify some initiatives to enhance forecast accuracy. What specific initiatives would you recommend for consideration regarding the technique, system support and administration components?
In: Economics
[3 mark]
[6 mark]
Explain the phases of the business cycle the British economy is likely to be experiencing from December 2020 to December 2021. Provide specific reasons for your answer. Use a well-labelled AD/AS diagram to show the position of this economy in December 2021. Explain whether the British government should use expansionary or contractionary fiscal policy to move the economy back to the long run, full-employment GDP equilibrium. Draw the AD curve shift(s) associated with this policy on your diagram.
[6 marks]
In: Economics
COVI-19 is anticipated to affect global food and trade. Using illustrations from two countries within the West Africa sub-region, examine how COVID-19 can exacerbate food insecurity in these countries; and suggest measures to mitigate any food crisis.
In: Economics
What, if any, negative side effects are associated with Terry stops?
In: Economics
How may the Fed's bond-buying program and purchases influence short-term and longer-term bond yields?
In: Economics
MBA 5010 Week 3 Weekly Integrative Assignment
Copper and zinc work equally well as a chemical catalyst to mitigate pollution created in the production of lithium batteries. However, copper is currently 10% more expensive than zinc. And so, zinc is the current preferred material. The following diagrams represent the copper, zinc, and lithium battery markets.
However, some recent advances in pharmaceutical research have substantially increased demand for zinc in pharmaceutical manufacturing.
Using this example, explain how markets see to the most appropriate allocation of resources between competing uses. Limit your response to no more than 500 words. Be sure to include in your response the preceding diagrams, demonstrating the relevant change in each respective market. You may use Word drawing features or draw the diagrams, use your phone to capture them, and then insert them into your response. If you need help, ask. Your answer will be evaluated based on correctness, completeness, and clarity. Be attentive to your writing.
In: Economics
Discuss some meausres that the goverment of Ghana can put in place over the medium-term horizon (next 5 years) to improve water security to prepare for a potential increase in disease outbreaks and pandemics.
In: Economics