Question

In: Economics

University of Waterloo is predicting an at least a 15% reduction in its revenues in the...

University of Waterloo is predicting an at least a 15% reduction in its revenues in the Fall 2020 semester due to a reduced demand for university education caused by the current pandemic. Assume a decreasing returns to scale technology and a competitive market. Also, assume that the market was in the long run equilibrium prior to the outbreak of covid-19. Discuss the short run and long run implications of this reduction for:

1. the choice of output by the university

2. capital and labour choices by the university

Solutions

Expert Solution


Related Solutions

The University is predicting at least a 15% reduction in its revenues in the Fall 2020...
The University is predicting at least a 15% reduction in its revenues in the Fall 2020 semester due to reduced demand for university education caused by a global pandemic. Assume a decreasing return to scale technology and a competitive market. Also, assume that the market was in the long run equilibrium prior to the pandemic outbreak. Discuss the short run and long run implications of this reduction for: 1. the choice of the output by the university 2. capital and...
2. The Dean of Students at the University of Waterloo wanted to estimate the proportion of...
2. The Dean of Students at the University of Waterloo wanted to estimate the proportion of students who are willing to report cheating by fellow students. So, her staff surveyed the 172 students currently enrolled in the introduction to biology class. The students were asked, “Imagine that you witness two students cheating on a quiz. Would you tell the professor?” 19 of the surveyed students responded “yes.” (11 points total) a. Using these data, calculate the 90% confidence interval for...
Discuss in detail HIV harm reduction in university students.
Discuss in detail HIV harm reduction in university students.
Mcdonalds had sales revenues of 30 million USD in 2019. Its food ingredient is 15 million...
Mcdonalds had sales revenues of 30 million USD in 2019. Its food ingredient is 15 million USD. Its wage cost is 5 million USD, it paid 3 million USD in rent, 2 million USD in interest. What was its contribution (value-added) for 2019? How much profit did the owners of McDonalds make?
Question 3 The Waterloo Group of Grantly and its investee companies Clo and Donte at 31...
Question 3 The Waterloo Group of Grantly and its investee companies Clo and Donte at 31 May 2020 are shown below: Draft Income Statements for the year ended 31 May 2020 Grantly Clo Donte R000 R000 R000 Revenue 1,138 488 149 Cost of sales (576) (214) (59) _____ _____ _____ Gross profit 562 274 90 Other operating expenses (138) (54) (40) _____ _____ _____ Profit from operations 424 220 50 Interest payable (38) (44) (14) _____ _____ _____ Profit before...
A least-squares simple linear regression model was fit predicting duration (in minutes) of a dive from...
A least-squares simple linear regression model was fit predicting duration (in minutes) of a dive from depth of the dive (in meters) from a sample of 45 penguins' diving depths and times. Calculate the F-statistic for the regression by filling in the ANOVA table. SS df MS F-statistic Regression Residual 1628.4056 Total 367385.9237
List at least 1 areas where predictive analytics have been applied to healthcare, such as, predicting...
List at least 1 areas where predictive analytics have been applied to healthcare, such as, predicting hospital readmissions. Describe how that area has been effected by predictive analytics.
Scenario. Big Data predicting the uncertainties (15 marks) A groundbreaking study in Bangladesh has found that...
Scenario. Big Data predicting the uncertainties A groundbreaking study in Bangladesh has found that using data from mobile phone networks to track movements of people across the country help predict where outbreaks of diseases such as malaria are likely to occur, enabling health authorities to take preventive measures. Every year, malaria kills more than 400,000 people globally and most of them are children. The different type of data, including information provided by the Bangladesh ministry of health, are used to...
Question 15 (1 point) Which of the following statements is true? a Regarding the reduction of...
Question 15 (1 point) Which of the following statements is true? a Regarding the reduction of private-sector economic risks, the government can outlaw various forms of theft, deception and discrimination. b Governments don’t face any problems when trying to organize millions of employees to carry out thousands of tasks. c Government failure refers to economically inefficient outcomes caused by shortcomings in the public sector. d All of the above. e Only a) and c) Question 16 (1 point) Which of...
Suppose we know that at a University XYZ that 15% of students receive an A in...
Suppose we know that at a University XYZ that 15% of students receive an A in their introductory statistics class, 20% receive a B, 30% receive a C, 10% receive a D, and the rest receive an F. For comparison, a sample of 260 students at University ABC is taken and 20% received an A, 25% received a B, 25% received a C, 10% received a D, and the remaining students failed the class. When testing (at the 5% level...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT