The following equation represents the weekly demand that a local theater faces.

Qd = 2000 - 25 P + 2 A,

where P represents price and A is the number of weekly advertisements.

Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero,

a. Determine the profit-maximizing ticket price for the theater.

b. What is the price elasticity of its demand at this price?

c. What is the elasticity of its demand with respect to advertising?

d. Now suppose the theater increases the number of its ads to 250. Should the theater increase its price following this ad campaign? Explain.

The scenario:You have purchased a computer for $2000 on a credit card. The card charges 1.5% interest per month, and requires a minimum payment of 2.5% of the balance per month. Payoff strategy 1: Each month, pay the minimum. What will your balance owed be in 12 months? How much will you have paid in 12 months? How much of that is interest? How many months will it take to reach a balance of $100? (Using this strategy, you can't ever get to $0) When you have reached a balance of $100, how much will you have paid in interest? There are various strategies to calculate these values: e.g. Excel spreadsheet, formulas, search the internet. Payoff strategy 2: Each month, pay $100. What will your balance owed be in 12 months? How much will you have paid in 12 months? How much of that is interest? How many months will it take reach a balance of $0? When you reach a balance of $0, how much will you have paid in interest?

When the equilibrium price is 30 and equilibrium quantity is 2000. Intercept of Supply curve in the p axis is 10 and intercept of Demand curve in the p axis is 60. d) Explain why does the equilibrium quantity maximize the total surplus, com- bined the graph and formula. e) Explain the free market system versus government intervention. f) Why do we need consist on market system. rather than the central planning economy, although the experiences prove that the market system has some shortcomings.

In the year 2000, the average car had a fuel economy of 24.6 MPG. You are curious as to whether the average in the present day is greater than the historical value. The hypotheses for this scenario are as follows: Null Hypothesis: μ ≤ 24.6, Alternative Hypothesis: μ > 24.6. If the true average fuel economy today is 39.2 MPG and the null hypothesis is rejected, did a type I, type II, or no error occur?

Question 16 options:

As of 2012, the proportion of students who use a MacBook as their primary computer is 0.46. You believe that at your university the proportion is actually less than 0.46. The hypotheses for this scenario are Null Hypothesis: p ≥ 0.46, Alternative Hypothesis: p < 0.46. You conduct a random sample and run a hypothesis test yielding a p-value of 0.2017. What is the appropriate conclusion? Conclude at the 5% level of significance.

Question 15 options:

Does the amount of hazardous material absorbed by the bodies of hazardous waste workers depend on gender? The level of lead in the blood was determined for a sample of men and a sample of women who dispose of hazardous waste as a full time job. You want to test the hypotheses that the amount absorbed by men is greater than the amount absorbed by women. After performing a hypothesis test for two independent samples, you see a p-value of 0.3307. Of the following, which is the appropriate conclusion?

Question 14 options:

Suppose the national average dollar amount for an automobile insurance claim is $745.252. You work for an agency in Michigan and you are interested in whether or not the state average is greater than the national average. The hypotheses for this scenario are as follows: Null Hypothesis: μ ≤ 745.252, Alternative Hypothesis: μ > 745.252. A random sample of 100 claims shows an average amount of $757.836 with a standard deviation of $86.2777. What is the test statistic and p-value for this test?

Question 13 options:

In September 2000, each student in a random sample of 100 chemistry majors at a large university was asked in how many lab classes he or she was enrolled. The results indicated a mean of 1.65 lab classes and a standard deviation of 1.39. To determine whether the distribution changed over the past 10 years, a similar survey was conducted in September 2010 by selecting a random sample of 100 chemistry majors. The results indicated a sample mean of 1.82 and a standard deviation of 1.51. Do the data provide evidence that the mean number of lab classes taken by chemistry majors in September 2000 is different from the mean number of lab classes taken in 2010? Perform an appropriate statistical test using α = 0.02. (10 points)SHOW ALL WORK.

The key point of the question is 6000 traditional bank jobs to go and 2000 new digital position created as NBA aims to move 60 percent of its business online over three years. redundancies are expected to cost up to $800 million. despite record underlying cash profit of $6.6bn, shares fall on cost blow out. Question: Describe the main stakeholders who will be affected by the job cuts? Describe each stakeholder, their concerns and how they are likely to beeffected. Using Stakeholder Theory, explain the likely motivations for the each stakeholder group (basing your discussion on your application of Stakeholder Theory).

A new machine costs $42,000 and has a $2000 salvage value at the end of its 8-year useful life. Determine the straight-line (SL), and the double declining balance (DDB) depreciation schedules for the machine.

In 2000, BMW followed the time-honored practice of launching a new product – in this case, its new X5 sports utility model – with Super Bowl TV commercials a print advertising campaign. But to capture the interest of its Net-savvy target audience, it also kicked off a hightech online campaign. The objective was to build the brand among high-income, middle-aged males who usually buy high performance autos and younger. As the Digital Marketing Manager of BMW, you are required to present following information to the board of directors. Your essay must cover the following sub-sections:

1. Describe approaches used by BMW within its site design and promotion to deliver relevant offers for their online customers.

1. Suppose in a survey of n = 2000 students, 1200 responded that they prefer small classes and 800 responded that they prefer large classes. Let p denote the fraction of all students who preferred small classes at the time of the survey, and X ̄ be the fraction of survey respondents who preferred small classes. (Hint: X is distributed as a Bernoulli random variable) (a) Show that E(X ̄) = p and Var(X ̄) = p(1 − p)/n. (b) Use the survey result to estimate p, and calculate the standard error of your estimator. (Hint: Notice that this is the same as estimating the sample mean)

Question 3: Suppose buyers will pay $2000 for a good car (a 'plum') and $1000 for a bad car (a 'lemon'). All cars acquired by the sellers are lemons which they acquire for $1200 each. They can then choose to have mechanics fix the cars up – turning them from lemons to plums - for $300 each. Buyers cannot tell the difference between lemons and plums until after the purchase, and are riskneutral (i.e., will pay their expected valuation).

1. Explain why in equilibrium, no transactions are made.

2. Suppose the used car salesmen can commit to having the mechanics repair a q-fraction of the cars. (Once such an arrangement is made, they are committed to it.) For what values of q will the equilibrium still lead to no transactions, and for which values of q will transactions take place?