| units of labor | marginal revenue proudct |
| 0 | |
| 1 | 30 |
| 2 | 24 |
| 3 | 18 |
| 4 | 15 |
| 5 | 12 |
| 6 | 10 |
Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be paid $9, the third $12, and so on). The marginal revenue product of labor is given in the table .
a. Draw the firm’s labor supply and marginal resource cost curves.
Are the labor supply and MRC curves the same or different? If they are different, which one is higher?
b. What is the competitive equilibrium wage rate?
What is the equilibrium level of employment?
c. What is the wage rate under monopsonistic conditions?
What is the equilibrium level of employment under monopsonistic conditions?
By how much does the monoposonist reduce wages below the competitive wage?
By how much does the monopsonist reduce employment below the competitive level?
In: Economics
Consider the following time series data.
| Quarter | Year | 1Year2 | Year 3 | ||||||||
| 1 | 4 | 6 | 7 | ||||||||
| 2 | 2 | 3 | 6 | ||||||||
| 3 | 3 | 5 | 6 | ||||||||
| 4 | 5 | 7 |
8 b.) Use the following dummy variables to develop an estimated
regression equation to account for any seasonal and linear trend
effects in the data: Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1
if Quarter 2, 0 otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise (to 3
decimals if necessary). Compute the quarterly forecasts for next year (to 2 decimals).
|
In: Statistics and Probability
| Shipment | Time to Deliver (Days) |
| 1 | 7.0 |
| 2 | 12.0 |
| 3 | 4.0 |
| 4 | 2.0 |
| 5 | 6.0 |
| 6 | 4.0 |
| 7 | 2.0 |
| 8 | 4.0 |
| 9 | 4.0 |
| 10 | 5.0 |
| 11 | 11.0 |
| 12 | 9.0 |
| 13 | 7.0 |
| 14 | 2.0 |
| 15 | 2.0 |
| 16 | 4.0 |
| 17 | 9.0 |
| 18 | 5.0 |
| 19 | 9.0 |
| 20 | 3.0 |
| 21 | 6.0 |
| 22 | 2.0 |
| 23 | 6.0 |
| 24 | 5.0 |
| 25 | 6.0 |
| 26 | 4.0 |
| 27 | 5.0 |
| 28 | 3.0 |
| 29 | 4.0 |
| 30 | 6.0 |
| 31 | 9.0 |
| 32 | 2.0 |
| 33 | 5.0 |
| 34 | 6.0 |
| 35 | 7.0 |
| 36 | 2.0 |
| 37 | 6.0 |
| 38 | 9.0 |
| 39 | 5.0 |
| 40 | 10.0 |
| 41 | 5.0 |
| 42 | 6.0 |
| 43 | 10.0 |
| 44 | 3.0 |
| 45 | 12.0 |
| 46 | 9.0 |
| 47 | 6.0 |
| 48 | 4.0 |
| 49 | 3.0 |
| 50 | 7.0 |
| 51 | 2.0 |
| 52 | 7.0 |
| 53 | 3.0 |
| 54 | 2.0 |
| 55 | 7.0 |
| 56 | 3.0 |
| 57 | 5.0 |
| 58 | 7.0 |
| 59 | 4.0 |
| 60 | 6.0 |
| 61 | 4.0 |
| 62 | 4.0 |
| 63 | 7.0 |
| 64 | 8.0 |
| 65 | 4.0 |
| 66 | 7.0 |
| 67 | 9.0 |
| 68 | 6.0 |
| 69 | 7.0 |
| 70 | 11.0 |
| 71 | 9.0 |
| 72 | 4.0 |
| 73 | 8.0 |
| 74 | 10.0 |
| 75 | 6.0 |
| 76 | 7.0 |
| 77 | 4.0 |
| 78 | 5.0 |
| 79 | 8.0 |
| 80 | 8.0 |
| 81 | 5.0 |
| 82 | 9.0 |
| 83 | 7.0 |
| 84 | 6.0 |
| 85 | 14.0 |
| 86 | 9.0 |
| 87 | 3.0 |
| 88 | 4.0 |
A) Find the average delivery time for the sample of shipments from the data sheet
B) Find the standard deviation of the delivery times for the sample of shipments from the data sheet.
C) Find the size of the sample of shipments from the data sheet.
D) Find the score from the appropriate probability table (standard normal distribution, t distribution, chi-square) to construct a 90% confidence interval .
E) Find the margon of error at 90% confidence level.
If you use Excel, please list what Excel functions would allow me to get this answers for future reference
In: Statistics and Probability
Exercise 4-2
On January 1, 2012, Fromer issued $3,000,000 of 12-year, 7 percent
bonds. Interest is paid semi-annually on June 30 and December 31.
The issue price was $2,592,000.
1. Prepare the January 1, 2012, journal entry that
records the bond issue.
2. Compute the following for each semi-annual
period:
a. Cash payment.
b. Straight-line discount amortization.
c. Interest expense.
3. Determine the total interest expense recognized over the life of the bonds.
4. Prepare the first two years of an amortization
table (use the straight-line method).
| Semiannual Period-End | Unamortized Discount | Carrying Value |
[Create your amortization table here.]
5. For distinguished performance, prepare journal entries for the first two interest payments.
In: Accounting
|
Year |
1 |
2 |
3 |
4 |
grow by 3% per year••• |
|
FCF |
1212 |
1414 |
1515 |
1616 |
Covan has 6 million shares outstanding, $4 million in excess cash, and it has no debt. If its cost of capital is 10 % ,
what should be its stock price? b. Covan reinvests all its FCF and has no plans to add debt or change its cash holdings (it does not invest its cash holdings). If you plan to sell Covan at the beginning of year 2, what is its expected price? c. Assume you bought Covan stock at the beginning of year 1. What is your expected return from holding Covan stock until year 2?
In: Finance
| 1 | a | b | c |
| 2 |
Aspen Industries INCOME STATEMENT |
||
| 3 | |||
| 4 | 2004 | 2003 | |
| 5 | sales | 285000 | 190,000 |
| 6 |
cost of goods sold |
215000 | 143000 |
| 7 | g. profit | 70000 | 47000 |
| 8 | operating expenses | ||
| 9 | variable expenses | 28500 | 19000 |
| 10 | fixed exp. | 21000 | 20000 |
| 11 | depreciation | 10000 |
4500 |
| 12 | total | 59500 | 43500 |
| 13 | EBIT | 10500 | 3500 |
| 14 | INTEREST EXP. | 6100 | 3000 |
| 15 | EBT | 4400 | 500 |
| 16 | TAXES | 1540 | 175 |
| 17 | NET INCOME | 2860 | 325 |
| 18 | |||
| 19 | NOTE | ||
| 20 | TAX RATE | 35% | |
| 21 | PAYOUT RATON | 30% | |
| 22 | DIVIDENTS | 858 |
| A | b | c | |
| BALANCE SHEET | |||
| 4 | 2003 | 2004 | |
| 5 | ASSETS | ||
| 6 |
Cash |
4,000 |
9,000 |
| 7 |
Accounts Receivable |
16,000 |
12,500 |
| 8 |
Inventories |
42,500 |
29,000 |
| 9 | TOTAL C.A. | 62500 |
50,500 |
| 10 |
Land |
26,000 |
20,000 |
| 11 |
Buildings and Equipment |
100,000 |
70,000 |
| 12 |
Accumulated Depreciation |
(38,000) |
(28,000) |
| 13 |
Total Fixed Assets |
88,000 |
62,000 |
| 14 |
Total Assets |
150,500 |
112,500 |
| 15 | |||
| 16 |
Liabilities and Owner's Equity |
||
| 17 |
Accounts Payable |
22,298 |
10500 |
| 18 |
Short-term Bank Notes |
47,000 |
17000 |
| 19 |
Total Current Liabilities |
69,298 |
27,500 |
| 20 |
Long-term Debt |
22,950 |
28,750 |
| 21 |
Common Stock |
31,500 |
31,500 |
| 22 |
Retained Earnings |
26,752 |
24,750 |
| 23 |
Total Liabilities and Owner's Equity |
150,500 |
112,500 |
a. (6 points) Re-create the income statement and balance sheet using formulae wherever possible. Each statement should be on a separate worksheet. Try to duplicate the format exactly.
b. (4 points) On another worksheet, create a statement of cash flows for 2004. Do not enter any numbers directly on this worksheet. All formulae should be linked directly to the source on previous worksheets.
c. (1 point) Using Excel’s outlining feature, create an outline on the statement of cash flows that, when collapsed, shows only the subtotals for each section.
d. (2 points) Suppose that sales were $320,000 in 2004 rather than $285,000 (all other information remains unchanged). What is the 2004 net income and retained earnings?
e. (2 points) Undo the changes from Part d, and change the tax rate to 40% (all other information remains unchanged). What is the 2004 net income and retained earnings?
In: Accounting
Match each key term with its definition. 1. Adverse reaction 2. Allergen 3. Allergy 4. Ampule 5. Anaphylactic reaction 6. Chemotherapy 7. Controlled drug 8. Dose 9. Drug 10. Gauge 11. Induration 12. Infusion 13. Inhalation administration 14. Intradermal injection 15. Intramuscular injection 16. Intravenous therapy 17. Oral administration 18. Parenteral 19. Pharmacology 20. Prescription 21. Subcutaneous injection 22. Sublingual administration 23. Topical administration 24. Transfusion 25. Vial 26. Wheal
A. Application of a drug to a particular spot, usually for a local action B. Introduction of medication into the dermal layer of the skin C. A small, sealed glass container that holds a single dose of medication D. A physician’s order authorizing the dispensing of a drug by a pharmacist E. An unintended and undesirable effect produced by a drug F. An abnormal hypersensitivity of the body to substances that are ordinarily harmless G. The administration of a liquid agent directly into a patient’s vein, where it is distributed throughout the body by way of the circulatory system H. A tense, pale raised area of the skin I. Introduction of medication beneath the skin, into the subcutaneous or fatty layer of the body J. An abnormally raised hardened area of the skin with clearly defined margins K. A closed glass container with a rubber stopper that holds medication L. The administration of medication by way of air or other vapor being drawn into the lungs M. A serious allergic reaction that requires immediate treatment N. Administration of medication by mouth O. A drug that has restrictions placed on it by the federal government because of its potential for abuse P. Introduction of medication into the muscular layer of the body Q. Administration of medication by placing it under the tongue R. The quantity of a drug to be administered at one time S. A substance that is capable of causing an allergic reaction T. A chemical used for the treatment, prevention, or diagnosis of disease U. The diameter of the lumen of a needle used to administer medication V. Administration of medication by injection W. The study of drugs X. The use of chemicals to treat disease; most often refers to the treatment of cancer using antineoplastic medications Y. The administration of fluids, medications, or nutrients into a vein Z. The administration of whole blood or blood products through the intravenous route
In: Nursing
please describe the elbow's
(1) initial joint position
(2) final joint position
(4) (ALL) muscles activated during movement
(5) type of contraction of each muscles
DURING PLUCKING THE ARMPIT HAIR movement
and (6) describe the overall posture, how does the head, trunk,wrist and hand affect performance
(PLEASE I NEED GOOD, SPECIFIC AND ELABORATE ANSWERS, I NEED TO PASS THIS SEM)
In: Nursing
In: Physics
In: Advanced Math