This is a calculation question involving the Solow model. There are three parts to the question. Part (a) asks for the steady state level of k for a 'Solow country.' Part (b) asks for the steady-state level of y for the same country. Part (c) asks you to calculate a new savings rate for the country to satisfy certain conditions. You have to answer all three parts of the question in the box provided. Please make it clear what part of each question you are answering. If you send me a pdf of your calculations by 11:59 pm tonight, I will use it to assign partial credit for your answer (in the event that your answer is not completely correct).

(a) The nation of Millenia has a Solow production function of y = 60k1/2, a savings rate of .20, a population growth rate of .03, and its capital depreciates at the rate of .05. Using this information, and the characteristic equation of the Solow growth model, calculate the steady state level of k for Millenia.

(b) Based on the information given above, calculate Millenia's steady state level of y.

(c) After Millenia reached the steady state that you calculated in (a) and (b), tragedy struck. A civil war broke out to the east of Millenia, and refugees coming across the border raised Millenia's population growth rate to .05--a rate that will continue for the forseeable future. (As a Solow expert, you know that this increase in population growth will decrease Millenia's steady state level of income). Assume that Millenia's production function and depreciation rate are unchanged. What is the new savings rate that Millenia must achieve to return to its old steady state (the one you calculated in (a)), now that population growth = .05? (HINT: draw a diagram and think about this problem before you start tossing around equations. If you understand the model, the calculations are trivial)

Explain (in detail) Nuclear Fission and Nuclear Fusion, why is one radioactive vs the other?What is the nuclear process in a reactor (Fission, or fusion), and what kind of decays is it going through (alpha, beta, or gamma)?What is Critical Mass in nuclear physics?

<sup>After spending several weeks on the job,Jennifer was surprised to discover that her father has not been paying attention to accurately evaluate any employee’s performance for all the years that he had owned the Store business. Ali’s position was that he had “a hundred higher-priority things to attend to,” such as boosting sales and lowering costs, and, in any case, many employees didn’t stick around long enough to be appraisable anyway. Furthermore, manual workers such as those doing the pressing and the cleaning did periodically get positive feedback in terms of praise from Ali for a job well done, or criticism, also from Ali, if things did not look right during one of his swings through the stores. Similarly, Ali was never shy about telling his managers about store problems so that they, too, got some feedback on where they stood.
When the founder started the business, he went to an office supply store and purchased a pad of performance appraisal forms. Each form is a two sided page. Supervisors indicate whether the employee’s performance in terms of various standard traits including quantity of work and quality of work was excellent, good, fair or poor. Hiba knew that, among other flaws, this appraisal tool did not force either the employee or the supervisor to focus the appraisal on the extent to which the employee was helping the business to achieve its strategic goals, plus the existing tool wasn’t clear to most of the employees. She wanted a system that focused the employee’s attention on taking those actions that would contribute to helping the company achieve its goals, for instance, in terms of improved customer service.
The “Quick Store” belonged to Ali’s great grandfather originally. Its prime location near the residential area meant that it was always busy on any day of the week. The “quick Store had seven sections: Garments, Grocery, Beddings, Furniture, Lifestyle, Baby section, and accessories. Each section had a section supervisor in charge of that department as well as 4-5 staff members. According to Hiba, a more formal appraisal approach is required. Furthermore, she feels quite strongly that the managers need to have a list of quality standards for matters such as store cleanliness, efficiency and safety on which they know they are to be formally evaluated.

1. Develop a complete training and development session for section managers. Justify your answer by identifying the appropriate method for training the section managers in the store. ​(15)

2. Is jennifer right about the need to evaluate the worker’s formally, why they need to appraise the employees formally? What could be the HR’s and supervisor’s role in it? Design a complete performance appraisal form using BARS for the section managers?​
(20)
3. Suggest an incentive plan for section managers, justify your answer. Which benefits should jennifer offers them?​​​​​​​​ (10)</sup>

In the town of Redding, red saffron grows plentifully. Big Red Spices (BRS) is the only firm in town, and they employ people to cultivate saffron. Suppose the government imposes a minimum wage at the perfectly competitive wage.

On a piece of paper (separate from question 13), explain in words and/or show graphically the impact of the minimum wage on BRS' profit.

Most major retailers compile information about you based on what, when, and how you buy.  For example, Target Brands, Inc. uses a very sophisticated data collection process that assigns each shopper a unique guest identification code that tracks the shopper's habits, which become the source of predictions for future consumer behavior.

Should merchants be allowed to use buying patterns to learn personal information about their customers, such as whether they are pregnant? Be sure to explain and support your responses from a legal perspective.

1. What are the eight steps to inclusion? Explain each step in more detail, specifically outlining what each step is supposed to do.

2. Do you believe this eight-step plan would work? Why or Why not?

1. Starting from short-run equilibrium, graphically illustrate and explain what happens to RGDP, the average price level, and unemployment if consumer confidence decreases and the cost of domestic resources rises.

2. Starting from long-run equilibrium, graphically illustrate and explain what happens to RGDP, the average price level, and unemployment if the cost of labor decreases and business expectations decline.

The following follow-up questions are based on your conclusions #2

Follow-up: Is the economy at the natural rate of unemployment? Explain.

Follow-up: How would you describe the current state of the economy?

Follow-up: What types of unemployment exist at the current state of economy?

A box contains 100 balls, of which 15% are green, 40% are red, and 45% are spotted.

Use simulation to find the probability that if you randomly draw a ball you get a Red Ball.

Use the following 20 randomly generated numbers: 97, 52, 61,  87,  07,  48,  73, 49, 23,  75, 18,  15, 70, 34, 67, 40, 48, 98, 49, 70