Questions
I. Determine the amount of individual consumer surplus generated for each one of the following situations...

I. Determine the amount of individual consumer surplus generated for each one of the following situations

1. Leon goes to the clothing store to buy a new T-shirt. He is willing to pay up to $10. He picks out one he likes with a price tag of exactly $10. When he is paying for it, he learns that the T-shirt has been discounted by 50%

2. Alberto goes to the music store hoping to find a used copy of an album for up to $30. The store has one copy of the record selling for $30, which he purchases at that price

3. After soccer practice, Stacey is willing to pay $2 for a bottle of mineral water. The 7-Eleven sells mineral water for $2.25 per bottle, so she declines to purchase it

II. Multiple Choice: Which of the following statements best describes the concept of consumer surplus?

A. "Safeway was having a sale on Dreyer's ice cream so I bought 3 quarts."

B. "I was all ready to pay $300 for a new leather jacket that I had seen in Macy's but I ended up paying only $180 for the same jacket."

C. "I paid $130 for a printer last week. This week the same store is selling the same printer for $110."

D. "I sold my Blu-ray copy of Ben-Hur for $18 at a garage sale even though I was willing to sell it for $10."

In: Economics

Define These Terms in Two Short Paragraph each. One Short Paragraph defining the term, and one...

Define These Terms in Two Short Paragraph each. One Short Paragraph defining the term, and one short paragraph using it in an example. The terms have to relate to international business.

1-Patriotism-

2-Colonialism-

3-Ethnocentric-

4-Acculturation-

5-Developed World-

6-Social Cohesion-

7-Microcredit Banking-

8-Protectionism-

9-Culture-

10-Globalization-

In: Economics

1) What is the price of the following bonds? The bond will expire in 8 years,...

1) What is the price of the following bonds? The bond will expire in 8 years, pay a 6% coupon, pay interest semi-annually, pay $1,000 when it expires, and you need a 5% return.

2) What is the maturity rate of the following bonds? The price of the bond is $985.00, the 14-year period is $1,000, the coupon rate is 4%, half-year payment.

3) You have a $500 investment. You have two options how to invest. Choosing "A" will allow you to invest 8% annually for two years. Choosing "B" will allow you to invest 7% in the first year and then reinvest your earnings for a year. What kind of rate of return do you need to earn in the second year of choosing "B" to expect you to receive the same return as choosing "A"?

4) Calculate the deadline for the following U.S. Treasury bills. Although the bill was originally issued for a period of five years, it currently has a two-year period. Bills pay interest semi-annually for a coupon rate of 3.00%. The market requires a yield of 2.40% of the bill.

5) Your bank plans to provide the customer with a loan of $15,000. The customer will have three instalments. Your bank will charge a 7% annual interest rate on the loan. What is the starting time of this loan?

6) You expect that the actual rate of return in the United States will reach 4% next year and the inflation rate will reach 2%. Based on the Fisher effect, what is the U.S. expected nominal interest rate for a one-year risk-free guarantee?

7) The one-year U.S. treasury bond's nominal interest rate is 3.04%. If the expected inflation rate for the next year is 1.4%, what is the expected actual economic rate of return based on the Fisher effect?

8) The yield curve of the internal I-region shows that the 1-year, 2-year, 1-year, 3-year and 4-year securities are 5%, 6%, 6.5% and 6.75%, respectively. Using PET, calculate: A) Expected annual rate for one year B) Expected two-year rate for one year C) Expected three-year rate for one year D) Two-year expected rate for two years

In: Finance

A manager of a holiday specialty store must determine how many temporary workers to hire for...

A manager of a holiday specialty store must determine how many temporary workers to hire for the holiday season. Estimated revenues (thousands of dollars) are based on poor, good, and excellent economic conditions and whether one, two or three workers are hired as follows:

Economic Condition
Workers Hired Excellent Good Poor
One 50 50 50
Two 100 60 20
Three 150 70

-10

22. If a Maximax strategy is used, how many workers should be hired?

a. one

b. two

c. three

d. either one or two

e. either two or three

23. If a Maximin strategy is used, how many workers should be hired?

a. one

b. two

c. three

d. either one or two

e. either two or three

24. If an Equally Likely strategy is used, how many workers should be hired?

a. one

b. two

c. three

d. either one or two

e. either two or three

25. If it’s determined that there’s a 20% chance of excellent, 30% chance of good, and 50% chance of poor economic conditions, what’s the expected value of alternative #2--hiring two workers?

a. $16000

b. $26000

c. $46000

d. $48000

e. $50000

26. A Risk Taker (decision maker) would choose the project with

       a. The highest Coefficient of Variation

       b. The highest Expected Value

       c. The highest Standard Deviation

      d. The lowest Coefficient of Variation

      e. The lowest Standard Deviation

27. A Risk Averse (decision maker) would choose the project with

       a. The highest Coefficient of Variation

       b. The highest Expected Value

       c. The highest Standard Deviation

      d. The lowest Coefficient of Variation

      e. The lowest Standard Deviation

28. A Risk Neutral (decision maker) would choose the project with

       a. The highest Coefficient of Variation

       b. The highest Expected Value

       c. The highest Standard Deviation

      d. The lowest Coefficient of Variation

      e. The lowest Standard Deviation

In: Operations Management

Analyze the data set (e.g. mean, standard deviation, scatterplot, histogram, bar chart, etc.)and discuss important findings....

Analyze the data set (e.g. mean, standard deviation, scatterplot, histogram, bar chart, etc.)and discuss important findings. Suggest courses of action related to the given situation.

Variable Names:
1. VOL: Cubic feet of cab space
2. HP: Engine horsepower
3. MPG: Average miles per gallon
4. SP: Top speed (mph)
5. WT: Vehicle weight (100 lb)
MAKE / MODEL VOL HP MPG SP WT
GM/GeoMetroXF1 89 49 65.4 96 17.5
GM/GeoMetro 92 55 56 97 20
GM/GeoMetroLSI 92 55 55.9 97 20
SuzukiSwift 92 70 49 105 20
DaihatsuCharade 92 53 46.5 96 20
GM/GeoSprintTurbo 89 70 46.2 105 20
GM/GeoSprint              92 55 45.4 97 20
HondaCivicCRXHF 50 62 59.2 98 22.5
HondaCivicCRXHF 50 62 53.3 98 22.5
DaihatsuCharade 94 80 43.4 107 22.5
SubaruJusty 89 73 41.1 103 22.5
HondaCivicCRX 50 92 40.9 113 22.5
HondaCivic         99 92 40.9 113 22.5
SubaruJusty 89 73 40.4 103 22.5
SubaruJusty             89 66 39.6 100 22.5
SubaruJusty4wd 89 73 39.3 103 22.5
ToyotaTercel 91 78 38.9 106 22.5
HondaCivicCRX 50 92 38.8 113 22.5
ToyotaTercel             91 78 38.2 106 22.5
FordEscort 103 90 42.2 109 25
HondaCivic 99 92 40.9 110 25
PontiacLeMans          107 74 40.7 101 25
IsuzuStylus 101 95 40 111 25
DodgeColt             96 81 39.3 105 25
GM/GeoStorm            89 95 38.8 111 25
HondaCivicCRX 50 92 38.4 110 25
HondaCivicWagon    117 92 38.4 110 25
HondaCivic 99 92 38.4 110 25
Subaru Loyale             102 90 29.5 109 25
VolksJettaDiesel         104 52 46.9 90 27.5
Mazda323Protege 107 103 36.3 112 27.5
FordEscortWagon 114 84 36.1 103 27.5
FordEscort 101 84 36.1 103 27.5
GM/GeoPrism                97 102 35.4 111 27.5
ToyotaCorolla 113 102 35.3 111 27.5
EagleSummit    101 81 35.1 102 27.5
NissanCentraCoupe    98 90 35.1 106 27.5
NissanCentraWagon   88 90 35 106 27.5
ToyotaCelica                 86 102 33.2 109 30
ToyotaCelica 86 102 32.9 109 30
ToyotaCorolla 92 130 32.3 120 30
ChevroletCorsica 113 95 32.2 106 30
ChevroletBeretta 106 95 32.2 106 30
ToyotaCorolla               92 102 32.2 109 30
PontiacSunbirdConv   88 95 32.2 106 30
DodgeShadow 102 93 31.5 105 30
DodgeDaytona   99 100 31.5 108 30
EagleSpirit              111 100 31.4 108 30
FordTempo 103 98 31.4 107 30
ToyotaCelica 86 130 31.2 120 30
ToyotaCamry 101 115 33.7 109 35
ToyotaCamry 101 115 32.6 109 35
ToyotaCamry 101 115 31.3 109 35
ToyotaCamryWagon 124 115 31.3 109 35
OldsCutlassSup 113 180 30.4 133 35
OldsCutlassSup 113 160 28.9 125 35
Saab9000 124 130 28 115 35
FordMustang                  92 96 28 102 35
ToyotaCamry 101 115 28 109 35
ChryslerLebaronConv   94 100 28 104 35
DodgeDynasty 115 100 28 105 35
Volvo740 111 145 27.7 120 35
FordThunderbird      116 120 25.6 107 40
ChevroletCaprice 131 140 25.3 114 40
LincolnContinental 123 140 23.9 114 40
ChryslerNewYorker 121 150 23.6 117 40
BuickReatta                   50 165 23.6 122 40
OldsTrof/Toronado 114 165 23.6 122 40
Oldsmobile98 127 165 23.6 122 40
PontiacBonneville 123 165 23.6 122 40
LexusLS400 112 245 23.5 148 40
Nissan300ZX 50 280 23.4 160 40
Volvo760Wagon 135 162 23.4 121 40
Audi200QuatroWag 132 162 23.1 121 40
BuickElectraWagon 160 140 22.9 110 45
CadillacBrougham 129 140 22.9 110 45
CadillacBrougham 129 175 19.5 121 45
Mercedes500SL       50 322 18.1 165 45
Mercedes560SEL 115 238 17.2 140 45
JaguarXJSConvert   50 263 17 147 45
BMW750IL                119 295 16.7 157 45
Rolls-RoyceVarious 107 236 13.2 130 55

In: Statistics and Probability

Analyze the data set (e.g. mean, standard deviation, scatterplot, histogram, bar chart, etc.)and discuss important findings.

 

Analyze the data set (e.g. mean, standard deviation, scatterplot, histogram, bar chart, etc.)and discuss important findings. Suggest courses of action related to the given situation.

Variable Names:          
1. VOL: Cubic feet of cab space          
2. HP: Engine horsepower          
3. MPG: Average miles per gallon          
4. SP: Top speed (mph)          
5. WT: Vehicle weight (100 lb)          
           
MAKE / MODEL VOL HP MPG SP WT
           
GM/GeoMetroXF1 89 49 65.4 96 17.5
GM/GeoMetro 92 55 56 97 20
GM/GeoMetroLSI 92 55 55.9 97 20
SuzukiSwift 92 70 49 105 20
DaihatsuCharade 92 53 46.5 96 20
GM/GeoSprintTurbo 89 70 46.2 105 20
GM/GeoSprint              92 55 45.4 97 20
HondaCivicCRXHF 50 62 59.2 98 22.5
HondaCivicCRXHF 50 62 53.3 98 22.5
DaihatsuCharade 94 80 43.4 107 22.5
SubaruJusty 89 73 41.1 103 22.5
HondaCivicCRX 50 92 40.9 113 22.5
HondaCivic         99 92 40.9 113 22.5
SubaruJusty 89 73 40.4 103 22.5
SubaruJusty             89 66 39.6 100 22.5
SubaruJusty4wd 89 73 39.3 103 22.5
ToyotaTercel 91 78 38.9 106 22.5
HondaCivicCRX 50 92 38.8 113 22.5
ToyotaTercel             91 78 38.2 106 22.5
FordEscort 103 90 42.2 109 25
HondaCivic 99 92 40.9 110 25
PontiacLeMans          107 74 40.7 101 25
IsuzuStylus 101 95 40 111 25
DodgeColt             96 81 39.3 105 25
GM/GeoStorm            89 95 38.8 111 25
HondaCivicCRX 50 92 38.4 110 25
HondaCivicWagon    117 92 38.4 110 25
HondaCivic 99 92 38.4 110 25
Subaru Loyale             102 90 29.5 109 25
VolksJettaDiesel         104 52 46.9 90 27.5
Mazda323Protege 107 103 36.3 112 27.5
FordEscortWagon 114 84 36.1 103 27.5
FordEscort 101 84 36.1 103 27.5
GM/GeoPrism                97 102 35.4 111 27.5
ToyotaCorolla 113 102 35.3 111 27.5
EagleSummit    101 81 35.1 102 27.5
NissanCentraCoupe    98 90 35.1 106 27.5
NissanCentraWagon   88 90 35 106 27.5
ToyotaCelica                 86 102 33.2 109 30
ToyotaCelica 86 102 32.9 109 30
ToyotaCorolla 92 130 32.3 120 30
ChevroletCorsica 113 95 32.2 106 30
ChevroletBeretta 106 95 32.2 106 30
ToyotaCorolla               92 102 32.2 109 30
PontiacSunbirdConv   88 95 32.2 106 30
DodgeShadow 102 93 31.5 105 30
DodgeDaytona   99 100 31.5 108 30
EagleSpirit              111 100 31.4 108 30
FordTempo 103 98 31.4 107 30
ToyotaCelica 86 130 31.2 120 30
ToyotaCamry 101 115 33.7 109 35
ToyotaCamry 101 115 32.6 109 35
ToyotaCamry 101 115 31.3 109 35
ToyotaCamryWagon 124 115 31.3 109 35
OldsCutlassSup 113 180 30.4 133 35
OldsCutlassSup 113 160 28.9 125 35
Saab9000 124 130 28 115 35
FordMustang                  92 96 28 102 35
ToyotaCamry 101 115 28 109 35
ChryslerLebaronConv   94 100 28 104 35
DodgeDynasty 115 100 28 105 35
Volvo740 111 145 27.7 120 35
FordThunderbird      116 120 25.6 107 40
ChevroletCaprice 131 140 25.3 114 40
LincolnContinental 123 140 23.9 114 40
ChryslerNewYorker 121 150 23.6 117 40
BuickReatta                   50 165 23.6 122 40
OldsTrof/Toronado 114 165 23.6 122 40
Oldsmobile98 127 165 23.6 122 40
PontiacBonneville 123 165 23.6 122 40
LexusLS400 112 245 23.5 148 40
Nissan300ZX 50 280 23.4 160 40
Volvo760Wagon 135 162 23.4 121 40
Audi200QuatroWag 132 162 23.1 121 40
BuickElectraWagon 160 140 22.9 110 45
CadillacBrougham 129 140 22.9 110 45
CadillacBrougham 129 175 19.5 121 45
Mercedes500SL       50 322 18.1 165 45
Mercedes560SEL 115 238 17.2 140 45
JaguarXJSConvert   50 263 17 147 45
BMW750IL                119 295 16.7 157 45
Rolls-RoyceVarious 107 236 13.2 130 55

In: Statistics and Probability

Analyze the data set (e.g. mean, standard deviation, scatterplot, histogram, bar chart, etc.)and discuss important findings....

Analyze the data set (e.g. mean, standard deviation, scatterplot, histogram, bar chart, etc.)and discuss important findings. Suggest courses of action related to the given situation.

Variable Names:
1. VOL: Cubic feet of cab space
2. HP: Engine horsepower
3. MPG: Average miles per gallon
4. SP: Top speed (mph)
5. WT: Vehicle weight (100 lb)
MAKE / MODEL VOL HP MPG SP WT
GM/GeoMetroXF1 89 49 65.4 96 17.5
GM/GeoMetro 92 55 56 97 20
GM/GeoMetroLSI 92 55 55.9 97 20
SuzukiSwift 92 70 49 105 20
DaihatsuCharade 92 53 46.5 96 20
GM/GeoSprintTurbo 89 70 46.2 105 20
GM/GeoSprint              92 55 45.4 97 20
HondaCivicCRXHF 50 62 59.2 98 22.5
HondaCivicCRXHF 50 62 53.3 98 22.5
DaihatsuCharade 94 80 43.4 107 22.5
SubaruJusty 89 73 41.1 103 22.5
HondaCivicCRX 50 92 40.9 113 22.5
HondaCivic         99 92 40.9 113 22.5
SubaruJusty 89 73 40.4 103 22.5
SubaruJusty             89 66 39.6 100 22.5
SubaruJusty4wd 89 73 39.3 103 22.5
ToyotaTercel 91 78 38.9 106 22.5
HondaCivicCRX 50 92 38.8 113 22.5
ToyotaTercel             91 78 38.2 106 22.5
FordEscort 103 90 42.2 109 25
HondaCivic 99 92 40.9 110 25
PontiacLeMans          107 74 40.7 101 25
IsuzuStylus 101 95 40 111 25
DodgeColt             96 81 39.3 105 25
GM/GeoStorm            89 95 38.8 111 25
HondaCivicCRX 50 92 38.4 110 25
HondaCivicWagon    117 92 38.4 110 25
HondaCivic 99 92 38.4 110 25
Subaru Loyale             102 90 29.5 109 25
VolksJettaDiesel         104 52 46.9 90 27.5
Mazda323Protege 107 103 36.3 112 27.5
FordEscortWagon 114 84 36.1 103 27.5
FordEscort 101 84 36.1 103 27.5
GM/GeoPrism                97 102 35.4 111 27.5
ToyotaCorolla 113 102 35.3 111 27.5
EagleSummit    101 81 35.1 102 27.5
NissanCentraCoupe    98 90 35.1 106 27.5
NissanCentraWagon   88 90 35 106 27.5
ToyotaCelica                 86 102 33.2 109 30
ToyotaCelica 86 102 32.9 109 30
ToyotaCorolla 92 130 32.3 120 30
ChevroletCorsica 113 95 32.2 106 30
ChevroletBeretta 106 95 32.2 106 30
ToyotaCorolla               92 102 32.2 109 30
PontiacSunbirdConv   88 95 32.2 106 30
DodgeShadow 102 93 31.5 105 30
DodgeDaytona   99 100 31.5 108 30
EagleSpirit              111 100 31.4 108 30
FordTempo 103 98 31.4 107 30
ToyotaCelica 86 130 31.2 120 30
ToyotaCamry 101 115 33.7 109 35
ToyotaCamry 101 115 32.6 109 35
ToyotaCamry 101 115 31.3 109 35
ToyotaCamryWagon 124 115 31.3 109 35
OldsCutlassSup 113 180 30.4 133 35
OldsCutlassSup 113 160 28.9 125 35
Saab9000 124 130 28 115 35
FordMustang                  92 96 28 102 35
ToyotaCamry 101 115 28 109 35
ChryslerLebaronConv   94 100 28 104 35
DodgeDynasty 115 100 28 105 35
Volvo740 111 145 27.7 120 35
FordThunderbird      116 120 25.6 107 40
ChevroletCaprice 131 140 25.3 114 40
LincolnContinental 123 140 23.9 114 40
ChryslerNewYorker 121 150 23.6 117 40
BuickReatta                   50 165 23.6 122 40
OldsTrof/Toronado 114 165 23.6 122 40
Oldsmobile98 127 165 23.6 122 40
PontiacBonneville 123 165 23.6 122 40
LexusLS400 112 245 23.5 148 40
Nissan300ZX 50 280 23.4 160 40
Volvo760Wagon 135 162 23.4 121 40
Audi200QuatroWag 132 162 23.1 121 40
BuickElectraWagon 160 140 22.9 110 45
CadillacBrougham 129 140 22.9 110 45
CadillacBrougham 129 175 19.5 121 45
Mercedes500SL       50 322 18.1 165 45
Mercedes560SEL 115 238 17.2 140 45
JaguarXJSConvert   50 263 17 147 45
BMW750IL                119 295 16.7 157 45
Rolls-RoyceVarious 107 236 13.2 130 55

In: Statistics and Probability

BACKGROUND Starbucks launched its prepaid (debit) Starbucks Card in November 2001. The card, which holds between...

BACKGROUND

Starbucks launched its prepaid (debit) Starbucks Card in November 2001. The card, which holds between $5 and $500 can be used at any Starbucks location. Suppose Starbucks management wants to study the reasons why some people purchase debit cards with higher prepaid amounts than do other people. Suppose a study of 25 randomly selected prepaid purchasers is taken. Respondents are asked the amount of the prepaid card, the customer’s age, the number of days per month the customer makes a purchase at Starbucks, the number of cups of coffee that customer drinks per day, and the customer’s income.

DATA

Amount of Prepaid Card ($) Age Days per Month at Starbucks Cups of Coffee per Day Income ($1,000)
5 25 4 1 20
25 30 12 5 35
10 27 10 4 30
5 42 8 5 30
15 29 11 8 25
50 25 12 5 80
10 50 8 3 30
15 45 6 5 35
15 32 16 7 25
15 23 10 1 20
20 40 18 5 40
35 35 12 3 40
40 28 10 3 50
15 33 12 2 30
200 40 15 5 80
15 37 3 1 30
40 51 10 8 35
5 20 8 4 25
30 26 15 5 35
100 38 19 10 45
30 27 12 3 35
25 29 14 6 35
25 34 10 4 45
50 30 6 3 55
15 22 8 5 30

QUESTIONS

(Please put the answers into a "report" style if possible)

1. Using these data, develop a multiple regression model to study how well the amount of the prepaid card can be predicted by the other variables and which variables seem to be more promising in doing the prediction.

2. Rerun your model based on the significant independent variables only and explain the results.

3. What sales implications might be evident from this analysis?

In: Statistics and Probability

A company is considering an investment that will cost $743,000 and have a useful life of...

A company is considering an investment that will cost $743,000 and have a useful life of 8 years. The cash flows from the project are expected to be $410,000 per year in the first two years then $142,000 per year for the last 6 years. If the appropriate discount rate is 12.7 percent per annum, what is the NPV of this investment (to the nearest dollar)?

Select one:

a. $394283

b. $1880283

c. $384492

d. $516026

In: Finance

A company is considering an investment that will cost $744,000 and have a useful life of...

A company is considering an investment that will cost $744,000 and have a useful life of 8 years. The cash flows from the project are expected to be $512,000 per year in the first two years then $108,000 per year for the last 6 years. If the appropriate discount rate is 15.0 percent per annum, what is the NPV of this investment (to the nearest dollar)?

Select one:

a. $397417

b. $1885417

c. $415178

d. $497087

In: Accounting