When plugged into a standard outlet in the United States, a toaster oven uses 1600 W att of power (on average).

(a.) On a power (watt) vs. time (seconds) graph, plot the power used by the toaster oven. For full points, your graph must use every tick mark, must show two cycles and must label both the time and peak current values. Assume that t = 0 corresponds to a time when the power is at its maximum value.

(b.) What is the toaster oven’s resistance?

(c.) On a current (amps) vs. time (seconds) graph, plot the current used by the toaster oven. For full points, your graph must use every tick mark, must show two cycles and must label both the time and peak current values.

The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were aimed at restricting the formation of cartels and monopolies to protect consumers and ensure competition.

• What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers.
• Do you agree with the author's feelings about increased government oversight of such industries? Why or why not?

An engineering firm is expanding its offices in the United States. The firm has selected four prime locations near major metropolitan areas. They want to determine if the average hourly wage is significantly different among the four chosen locations since this would impact overall cost. A survey of 20 wages of similar positions in each of the four locations was taken by random sampling, thus the sample size in each location was 5. The following ANOVA table was created based off the results of the study, let α = 0.05. Source of Variation SS df MS F Between Groups 95.28 3 31.76 4.3101 Within Groups 117.9 16 7.36875 Total 213.18 19 (a) Determine whether the following statement is true or false. It would be appropriate to perform the Tukey-Kramer (T-K) multiple comparisons procedure to identify differences in the means of the four locations. True False (b) The Tukey-Kramer method uses the formula (xi − xj) ± q MSE 2 1 ni + 1 nj . Using the formula, how many intervals will need to be calculated for this scenario to look at all pairwise comparisons for the study? (c) The Tukey-Kramer method uses the formula (xi − xj) ± q MSE 2 1 ni + 1 nj . Using the formula, what is the value of q from the table for this scenario? (Use a table.) (d) Consider the sample mean hourly wage for the four locations are: Location 1 = $42, Location 2 = $32, Location 3 = $37, Location 4 = $35. Are the mean hourly wages significantly different for Location 1 and Location 4? Yes No

In the United States in 2007, the proportion of adults age 21-24 who had no medical insurance was 28.1%. A survey of 75 recent college graduates in this age range finds that 30 of them are without insurance. Does this support a difference from the nationwide?

• Perform a two-sided significance test in R for a proportion, following the procedure of seven steps in the lecture note (choose a significance level of 0.05).

• Use the related function in R to report the p-value. What’s your conclusion based on the result?

The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were aimed at restricting the formation of cartels and monopolies to protect consumers and ensure competition. The article The Oligopoly Problem argued that oligopolies fall through the cracks of these regulations and leave consumers unprotected from harmful business practices where industries are highly concentrated.

• What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers.
• Do you agree with the author's feelings about increased government oversight of such industries? Why or why not?

The Bureau of Economic Analysis provides profit data for various industries in the United States. Go to www.bea.gov Click on Corporate Profits Click on National Income and Product Accounts Tables Choose a table from a list of Selected NIPA Tables Scroll down and find the Table 6.16D on Corporate Profits by Industry”

In your initial response to the topic you have to answer all questions:

1. Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits:

•Financial or nonfinancial •Manufacturing , transportation and warehousing, wholesale trade, or retail trade •Durable goods or nondurable goods

2.During the past years, which sectors had the largest and smallest percentage increase in profit?

3. Which sectors, if any, experienced losses?

4. What are the implications of the profit changes for expansion or contraction of the particular industries?

The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were aimed at restricting the formation of cartels and monopolies to protect consumers and ensure competition. The article The Oligopoly Problem argued that oligopolies fall through the cracks of these regulations and leave consumers unprotected from harmful business practices where industries are highly concentrated. Read the article and respond to the following in your initial post: What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers. Do you agree with the author's feelings about increased government oversight of such industries? Why or why not? In your response posts to peers, comment on your own experiences with such industries and on their impact on you. Additionally, discuss whether you agree or disagree with your peer's stance on regulation, explaining why

The Bureau of Economic Analysis provides profit data for various industries in the United States. Go to www.bea.gov Click on Corporate Profits Click on National Income and Product Accounts Tables Choose a table from a list of Selected NIPA Tables Scroll down and find the Table 6.16D (pg 134 in PDF) on Corporate Profits by Industry”

In your initial response to the topic you have to answer all questions:

1. Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits: •Financial or nonfinancial •Manufacturing , transportation and warehousing, wholesale trade, or retail trade •Durable goods or nondurable goods

2.During the past years, which sectors had the largest and smallest percentage increase in profit?

3. Which sectors, if any, experienced losses?

4. What are the implications of the profit changes for expansion or contraction of the particular industries?

would you expect the United States to trade more with a) Mexico or Luxembourg, b) Japan or South Africa, c) China or Germany. Why? (Hint: Do not look up actual values here. Use a model we have studied). What if you found that based on the criteria you used, we trade with Ireland and Australia more than we expected. Why might that be?