1) In Canada, a worker who works 40 hours can produce 200 chairs or 100 tables. In Norway, a worker who works 40 hours can produce 240 chairs or 80 tables. Give one trade, in terms of chairs per table, at which the two countries would both be willing to trade.

2)In Canada, a worker who works 40 hours can produce 200 chairs or 100 tables. In Norway, a worker who works 40 hours can produce 240 chairs or 80 tables. Give one trade, in terms of tables per chair, at which the two countries would both be willing to trade.

3) In Canada, a worker who works 40 hours can produce 200 chairs or 100 tables. In Norway, a worker who works 40 hours can produce 240 chairs or 80 tables. Originally, each country divided its time equally between the production of tables and chairs. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of the two countries increased by how many tables?

Please show steps

1. Let v1, . . . , vn be nonzero vectors such that each vi+1 has more leading 0s than vi . Show that vectors v1, . . . , vn are linearly independent.

Complete a table for Q, FC, VC, TC, MC, MR, Price, TR and Profit using reasonable numbers for a perfectly competitive firm. For price, use a number equal to the number of letters in your first and last name (maximum 18).My first and last name is Maria Cisneros. For Q use 0, 1, 2, 3, 4, 5, 6, 7, 8 For MC use $3, 4, 5, 7, 9, 13, 16, 21. Then make up numbers for FC, VC, TC, MR but make certain that they correspond to the numbers you already used for Price and MC. Then find and show the profit maximizing level of output showing that it is where MR = MC. (okay if your quantity is in between two numbers). You may need to play around with the numbers to make this work out. What was the one most important concept you learned in the readings on costs of production and competitive markets? In a one page essay, summarize this concept, explain how it changed your prior understanding, and show that this concept is important by applying it to a real life situation. Please make certain that this essay is based on your own understanding, not the understanding of someone else you found on the internet. Based on your own experience, describe a business that is quite competitive. Which of the criteria for a perfectly competitive firm are met by this business—and which are not? (Identical products; price taker; low economic profits) For this business give examples (description of the cost; no dollar amount needed) of the following and explain why they are examples of this type of cost Explicit fixed cost Explicit variable cost Implicit fixed cost Implicit variable cost.

Scheduled debt payments of $750 due seven months ago, $600 due two months ago, and $900 due in five months are to be settled by two equal replacements payments due now and three months from now. Determine the size of the equal replacement payments at 9% p.a. compounded monthly.

Suppose that the average length of telephone calls made by teenagers is a normally distributed variable with mean and standard deviation given in columns 1 and 2 of Table B (LAB4B.DAT).

mean: 42.6

standard deviation: 17.96

8. What is the probability that a random telephone call will last a length of time that is within one standard deviation of the mean (± 1 standard deviation)?

9. What is the proportion of telephone calls that last a length of time that is within two standard deviations of the mean (± 2 standard deviations)?

10. What is the relative frequency of lengths of teenage telephone calls that lie within three standard deviations of the mean (± 3 standard deviations)?

11. What is the probability that a telephone call will be longer than the mean by more than 1.645 standard deviations?

PC Connection and CDW are two online retailers that compete in an Internet market for digital cameras. While the products they sell are similar, the firms attempt to differentiate themselves through their service policies. Over the last couple of months, PC Connection has matched CDW’s price cuts, but has not matched its price increases. Suppose that when PC Connection matches CDW’s price changes, the inverse demand curve for CDW’s cameras is given by P = 1,000 - 2Q. When it does not match price changes, CDW’s inverse demand curve is P = 700 -0.5Q. Based on this information, determine CDW’s inverse demand function over the last couple of months.

I got the first part, P=700-.5Q if Q is less than or equal to 200, and 1000-2Q if Q is greater than or equal to 200. I can't figure out how to find the range in which changes in marginal cost have no effect on CDW's profit-maximizing level of output.

You have designed and manufactured a product using all the materials below, following the assumptions provided.

Your product takes 3 minutes to produce - one product can be produced in 3 minutes.

Materials:                                                                   

• - one Styrofoam cup, cost $3 each
• - four popsicle sticks, cost 75 cents each
• - six pipe cleaners, cost 50 cents each
• - five paper clips, cost $1 each
• - four elastic bands, cost 25 cents each

Assumptions:

• - A working day is 8 hours, with 1 hour for lunch, and two 30 minute breaks.
• - Two workers can produce 150 more units of output per day than one worker.
• - Three workers can produce 130 more units of output per day than two workers.
• - Four workers can produce 100 more units of output per day then three workers
• - Five workers can produce 30 more units of output per day then four workers.
• - You may have up to five workers working on your product.
• - You must pay each worker a daily wage of $100.
• - Your monthly factory rental fee is $900

1. a. The fixed inputs used by your company in this simulation include factory space:  Answerproduct materialsfactory spacelabour and product materiallabour

b. The variable inputs used by your company in this simulation are: Answerproduct materialsfactory spacelabour and product materiallabour

2. Fill in the short-run production and cost table using the information given (round to the second decimal point when needed)

3. Based on your table in the answer to question 2, marginal product begins to fall when the Answerfirstsecondthirdfourthfifth worker is hired.

4.The process of transforming your labour and material into a product in your simulated company is called: Answerproduction.marginal returns.productive efficiency.economic cost.explicit cost

5. The rent that your company pays is: Answeran implicit cost.a fixed cost.a variable cost.not an economic cost.none of the above.

6. The labour and materials used in the simulated company are examples of a(n): Answereconomic cost.implicit cost.opportunity cost.fixed inputvariable input.

7. As you added more labour and materials to your company after some point the additional number of units produced started to decrease. This is called: Answerthe law of demand.the law of supply.the law of decreasing marginal costs.the law of diminishing marginal returns.none of the above.

8. What could be considered an implicit cost of being involved with the simulated business today?

Two discussion groups are organized by randomly selected employees from each division. During the talks, the director lays out his marketing vision and employees ask questions relevant to their daily work. At the end, each employee has to rate the director on a scale from 1 to 10 (1=very bad; 10=very good). The HR department wants to know if the distribution of ratings of the marketing development employees is different among the employees of the two divisions.

a) Examine the distributions of the ratings (show histograms) by the two groups of employees and explain why a non-parametric test is justified to perform the analysis.

b) Perform an appropriate non-parametric test using a 5% significance level to determine if the distribution of ratings of the marketing development employees is different than that of the marketing operations employees. Specify any assumptions and/or conditions you need to make to apply the test and state your hypothesis clearly. Show your manual calculations.

c) Use Minitab to perform the test in b) above and compare your results

Consider a firm that sells a product in two isolated geographical areas. If it wants to, it can then charge different prices in the two different areas because what is sold in one area cannot easily be resold in the other. Suppose that the firm has also some monopoly power to influence the different prices it faces in the two separate markets by adjusting the quantity it sells in each. This is called a 'discriminating monopolist". The following are the demand functions it faces:

P₁ = 200 – 2 Q₁, P₂ = 180 – 4 Q₂

for market areas 1 and 2, respectively. Suppose, too, that the total cost is proportional to total production:

C(Q) = 20 (Q₁ + Q₂).

1. Set up the firm's profit function and determine how much should be sold in the two markets to maximize profits. What are the corresponding prices?
2. Check for second-order conditions.
3. How much profit is lost if it becomes illegal to discriminate? (i.e. P₁ = P₂ = P, and Q = Q₁ + Q₂).

Using Excel to Plot a Histogram

This exercise is to be completed using Microsoft Excel and will be turned in on Thursday, September

20th in class. You are to follow the steps we used in class on 9-13-2018 to construct the histogram

for the data consisting of the ages of the 50 most powerful women in the world from 2012 (Source:

Page 39 of textbook via Forbes Magazine). Your work should have columns for:

1. the raw data;

2. the data sorted in ascending order;

3. the maximum data value;

4. the minimum data value;

5. the range;

6. the class width using 7 classes;

7. the lower class limits;

8. the upper class limits;

9. the 7 classes themselves;

10. the frequency of the data within the 7 classes.

Your work should also include a picture of the corresponding histogram labeled as follows:

•Main Title:

“Age Distribution of the 50 Most Powerful Women for 2012 (new line) n = 50”

•Vertical Axis Title:

“Frequency”

•Horizontal Axis Title:

“Age Classes”

Please do not write on the paper to explain how to make this plot. PLEASE let me know the order what I should press to complete this plot in Excel. I need to finish this work in Excel, so I need easy and understandable explaination, such as what to press in to create class width in Excel something like that

This is Raw value to make this plot in Excel.