Le Corbusier was fascinated by certain engineering objects. This interest was well expressed in his book Towards a new Architecture (1923) and well captured by his definition of house as “a machine for living in”. In a similar vein, Walter Gropius outlined the new orientation of his school as “the Bauhaus believes the machine to be our modern medium of design and seeks to come to terms with it.”

What do these two statements mean? What is the relation between ‘architecture’ and ‘machine’ as stated by these two architects? Explain your answer by using at least one building by Le Corbusier and one building by Walter Gropius.

Use the following data to predict the wage you would have to pay to hire a particular individual.

a. Specify a regression equation

b. Estimate a regression equation to explain wages

c. Explain the t-stats, f-stats, and the R Squared. What information do they give ?

d. You have a nonwhite female with 20 years in the industry and an MBA. How much will you have to pay to hire her? What if she was a white male?

e. Does this industry discriminate against nonwhite or females ?

Hamama Sdn Bhd is a company that specialises in online school uniforms retailing. Each set school uniforms sells for RM40 each. The company expects to produce and sell 100,000 sets this year, although there is a total production capacity of 120,000 in the current factory setup. Fixed costs are RM160,000 per year. The direct costs of production are RM24 per set. Its finance director is considering a proposal to put forward by the company’s CEO to buy in a new automated sewing machine that links with new design software. Production capacity could be increased to 180,000 set per year. There are very large overheads associated with the purchase of the new machine and IT system, namely the high cost of financing these purchases. Total fixed costs would double to RM320,000 per year. Savings would be made by reducing the number of factory workers directly employed in the manufacturing process. Direct costs of production would decrease to RM18.00 per set. Research from the marketing department indicates that higher quality designs and a price reduction to RM36 would increase the demand for uniforms by 50 per cent to 150,000 sets per year.

Required: a. Construct a break-even graph to represent the current data, identifying the breakeven level of production and the safety margin.

4. Suppose you are named the new Secretary of Economy of the United States of America. You are interested in investing in a project with great returns to the economy, so you are advised to focus on early childhood education investments, since it is shown they increase productivity and earnings in the economy in the long run. In order to fulfill your project, you need to construct a new school in each county, using two factors of production: capital (K) and labor (L). Let the rental rate of capital ber and the wage bew. Output(a new school)(q)is produced according to the following production function: F(K,L) = (K1 4 +L1 4)4

(a) Are capital and labor complementary factors of production? Prove you answer. (2 points)

(b) Now, suppose the production function is: F(K,L) = K1 2L1 2

Does labor have a diminishing marginal product? Prove your answer. (2 points)

(c) Write down the cost minimization problem for the function specified in part (a). What are the optimal levels for capital and labor that minimize the cost of the program? What is the cost function? (8 points)

i. L(q) =

ii. K(q) =

iii. C(q) =

(d) Solve for the marginal cost function using your result from the previous part.

solve only b.) and c.)

1. The allowable concentration of acetone in drinking water is 0.05 mg/L. With 64 samples you measure an average of 0.045 mg/L with a sample standard deviation of 0.02 mg/L.   Can you say at the 90% confidence level that the water meets an acceptable standard?   How many samples would you need to meet the standard at 99% confidence assuming the standard deviation stays the same?

(solve on Rstudio please)

2. There is a rumor that Fairway gets first choice and hence better produce than C-town. At Fairway you measure 40 navel oranges and find an average weight of 0.4 kg with a sample standard deviation of 0.08 kg. At C-town you measure 30 navel oranges and find an average weight of 0.36 kg with a sample standard deviation of 0.06 kg. Can you say at the 95% confidence level that the C-town oranges are smaller?

(solve on Rstudio please)

3. Repeat the above analysis if both sample sizes are half as big. ((both sample sizes are half as big))

(TCO D) Maya is a senior auditor with Childs, Maxwell and Weaver, LLP. Maya specializes in auditing loan loss reserve for financial institution clients. This current year, she has noticed that two of her financial institutions in town have written loans off to a loan customer, Mr. Bill (fictional name to protect the guilty). Mr. Bill is well known in town as a highly successful real estate developer and businessman with many different business dealings. As Maya is auditing on her third financial institution in town, she notices that the bank has loans of $3.5 million outstanding to Mr. Bill. The current loan loss reserve could not cover the losses on Mr. Bill's loans. Maya has recommended a significant increase to the loan loss reserve account. The client will not discuss increasing the loan loss reserve. Ms. Childs, senior partner on the audit, wants to know how the audit firm can justify the increase loan loss reserve account. What can and should Maya disclose about Mr. Bill?

Chapter 5 Community Organizing

Community organizing is an art. It requires a diplomatic approach that values everyone’s input. Every members’ perspective and experiences must be considered to create successful interventions and solutions to problems. Bringing diverse people from different “walks of life” together can be difficult.

Consider the following scenario

Concerned citizens of the Good Life community have joined together to create a “no tobacco use in public places” ordinance in their community. This issue impacts many different people. The task force is hosting a town hall to introduce the idea to the community.

1. Provide a brief description (1-2 sentences) of each town hall participants’ point of view on the proposed ordinance.

2. What steps of the community organization process should be considered in moving the ban forward? (3 points)

1. Many people in the small town of Econville have complained that there is no park for children to use afterschool. There are 20 households in the town, 10 who have children and 10 who do not. The households with children value the park being built at $100 each while the other households value it at $20 each. The town estimates that the cost of building a park is $600. All households earn the same income.

   1. (a) Would describe the park as a public good? Explain.

   2. (b) The first proposal is fund the park with a flat tax. What is the minimal tax per household required to build the park? Who will and who will not support such a tax and will the park be built?

   3. (c) A second proposal is a tax that only applies to the households with children. What tax per household will ensure that the park is built? Who will and who will not support such a tax? Why?

   4. (d) Athirdproposalisataxpaymentthatisproportionaltothebenefiteachhousehold receives from the park. In this proposal, how much will each household be expected to pay? Who will and who will not support such a tax? Why?

   5. (e) Evaluate the three policies listed and state which you will choose and why.

Write THREE (3) paragraphs about:

• the special contribution which Primary Care Practitioners can make to patient care, AND THE SPECIAL POSITIVE ROLE THEY CAN PLAY IN MANAGING PATIENTS.
• how DOES THIS CONTRIBUTION DIFFER from what Specialty Care Practitioners can provide?
• HOW HAS THE STATUS AND ROLE OF PRIMARY CARE PRACTITIONERS AS CARE GIVIERS CHANGED SINCE THE SHIFT TO MANAGED HEALTH INSURANCE, AND ESPECIALLY TO HMOs, SINCE THE MID 1990s?