The following statements come from a Federal Reserve press release dated June 14, 2017: · The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on required and excess reserve balances to 1.25%, effective June 15, 2017. · The Board of Governors of the Federal Reserve System voted unanimously to approve a 1/4 percentage point increase in the primary credit rate to 1.75%, effective June 15, 2017.

Demonstrate your answer with a graph of the loanable funds market and AD/AS

My Javascript code isn't working (when i press calculate button) - what's wrong with it ?

Car Rental

Enter Number of Rental Days:

Select Car Type:

onclick= "priceofcar = 50;"/> Compact


onclick= "priceofcar = 60;"/> Economy


onclick= "priceofcar = 70;"/> Intermediate

Select Loss Damage Waiver

onclick= "damagewaiver='yes'"/> Yes

onclick= "damagewaiver='no'"/> No


damagewaiver = boxDays.value * 25;}
else if (damagewaiver == No) {
damagewaiver = 0; }/>

Select Roadside Issues Coverage:

onclick= "issuescoverage='yes'"/> Yes

onclick= "issuescoverage='no'"/> No


issuescoverage = boxDays.value * 9;}
else if (issuescoverage == No) {
issuescoverage = 0; }/>

value = "Process"
onclick = "
myVariable = boxDays.value
boxrental = priceofcar * myVariable
boxoptional = damagewaiver + issuescoverage
boxsales = 0.7 * (boxoptional.value + boxrental.value)
boxtotal = boxsales.value + boxoptional.value + boxrental.value"/>
  

Car Rental Price:




Optional Items:




Sales Tax:




Total Bill:

We bought a printing press for $750,000. We incurred $50,000 of installation costs, $23,000 in shipping and delivery costs. $5,000 in taxes and $24,000 in setup and testing. We determined that it would make 5,000,000 impressions and would have a salvage value of $45,000. During its first 4 years of operation we produced a. 1 650,000 impressions b. 2 700,000 impressions c. 3 600,000 impressions d. 4 500,000 impressions We decided to get out of this line of business and sold the machine for $375,000. What was the gain(loss) on this transaction?

DO ONLY PART D

2. A copy of a press release from Florida’s Department of Agriculture is shown at
the back of this problem set. The press release indicates that the prices of many
commodities like sheets of plywood, batteries, and bottled water increase during or after a
hurricane. The media sometimes refer to this increase in prices as “price gouging” and
there is often condemnation of these price increases. The press release from Florida calls
such price increases “immoral” and “illegal”. This problem examines some of the
economics of “price gouging”.
A. Suppose that the weekly demand for plywood sheets in Florida in normal times
is given by:
P = 120 - Qd
and the weekly supply of plywood is given by
P = 0.5 Qs,
where P is the price of a sheet of plywood in dollars, and Qd and Qs are the quantities of
plywood demanded and supplied (in thousands of sheets).
(1) Solve for the equilibrium price and weekly quantity of plywood bought and sold.
(Show your calculations.)
(2) Draw the demand and supply curves in a diagram and show the equilibrium price
and quantity. (I recommend using graph paper.)
B. Now suppose that there is a hurricane and the weekly demand for plywood
increases to:
P = 120 - 0.5 Qd.
Suppose that the supply curve stays the same as before.
(1) What will be the equilibrium price and quantity of plywood during a hurricane
week? (Show your calculations.)
(2) Show the new demand curve in your diagram in Part A and show the new
equilibrium price and quantity of plywood.
(3) Explain verbally why the equilibrium price of plywood changes from Part A to Part
B.
C. Suppose that the Florida government forbids prices of plywood to increase
during a hurricane week. That is, sellers of plywood are not allowed to raise prices above
the price that occurs during a normal week.
If raising price during a hurricane week is illegal, what would be the price of plywood
and the quantities bought and sold during a hurricane week in the example given above?
(Explain your calculations.) Show this outcome in your Figure.

D. Using the tools of consumers’ and producers’ surplus, evaluate the welfare
consequences of making price increases illegal during a natural disaster (as in Part C)
versus allowing prices to rise (as in Part B). That is, show the changes in consumers and
producers surplus and efficiency loss from the price control program. Be sure to label the
relevant areas in your diagram. You do not need to calculate the efficiency losses
quantitatively.

Please answer the essay questions based on the following press release from the Fed (Release Date: September 21, 2011). You may want to find the original press release for the details. “To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to extend the average maturity of its holdings of securities. The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount of Treasury securities with remaining maturities of 3 years or less. This program should put downward pressure on longer-term interest rates and help make broader financial conditions more accommodative. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate. “ a. The report claims that the proposed actions will put downward pressure on longer-term rates. Explain the mechanism through which these actions affect the long term interest rates. Also explain what effect will these actions have on the shorter term rates? b. Draw the yield curve based on the data on 09/15/2011 (use the actual data – Treasury website). c. Show the EXPECTED change in the yield curve if the Fed pursues the proposed action. Please re-draw the graph in section b and show the expected change in the yield curve on the same graph. d. Draw the yield curve based on the data on 10/31/2011 (use the actual data – Treasury website). e. Compare the graphs in sections b and d. Has the yield curve shifted as expected? You may want to draw the graphs b and d in the same graph. This way you will be able to observe the patterns more accurately. Please explain your answer. Minutes of the FOMC meetings is available at the Federal Reserve’s web-site. http://federalreserve.gov/newsevents/press/monetary/20110921a.htm http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield

1.

Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 10,000 hours of productive capacity in the department:

Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 8,000, 10,000, and 12,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers.

2.

The following data relate to factory overhead cost for the production of 6,000 computers:

If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $238,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

A great deal of information has been written in the popular press about the COVID-19 pandemic. In preparation for the discussion, which is meant to be a wide-ranging conversation about the ethical issues that arise during a pandemic like COVID-19, read articles in the popular press to help you understand the issues that are in conflict. Research the public health ethics professional literature to help you understand the authoritative role of public health during pandemics. Look for general principles rather than laws as laws differ from country to country and, in Canada, from province to province in smaller ways. Use your critical thinking skills!

You may attach files containing summaries or links to articles to your posts that complement what you have written.

To help you get started, here are some potential issues to investigate:

the common good vs. individual freedoms - a public health principle in many countries, and the overall issue in managing pandemics

flattening the curve and herd immunity

residential care for seniors

health security vs. economic security

mental health, social distancing, and work from home

allocation of scarce health resources

A machine shop owner wants to decide whether to purchase a new drill press, new lathe, or new grinder. As shown in the following table, the profit from each purchase will vary depending on whether or not the owner wins a government contract, with the owner estimating a probability of .60 of winning the contract:

Before deciding which item to purchase, the owner needs to decide whether or not to hire a military consultant to assess whether the shop will get the government contract. The track record of the military consultant in predicting whether companies would win government contracts is as follows: For 90% of the companies that won contracts, the consultant had predicted they would win, and for 70% of the companies that lost contracts, the consultant had predicted they would lose. [adapted from Taylor (2004)]

(a) Assuming the consultant would not charge for his assessment, determine the optimal strategy based on the expected value criterion, and state its expected value. (Draw then solve the Decision Tree below)

(b) Determine EVSI (with the consultant regarded as the sample information).

(c) If the consultant were to charge $5,000 for his assessment, what would be the optimal strategy and its expected value?

Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 10,000 hours of productive capacity in the department:

Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 8,000, 10,000, and 12,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers.

One of the operations in the Wonderland Post Office is a mechanical mail sorting operation. In this operation, letter mail is sorted at a rate of one letter per second. The letter is mechanically sorted from a three-digit code input by an operator sitting at a keyboard. The manager of the mechanical sorting operation wants to determine the number of temporary employees to hire for December. The manager estimates that there will be an additional 34,596,000 pieces of mail in December, due to the upcoming holiday season.

Assume that the sorting operators are temporary employees. The union contract requires that temporary employees be hired for one month at a time. Each temporary employee is hired to work 155 hours in the month.

a. How many temporary employees should the manager hire for December?
___________ employees

b. If each temporary employee earns a standard $14 per hour, what would be the labor time variance if the actual number of additional letters sorted in December was 35,640,000? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
$ ________

Thank you so much!