| 2016 | 1.4 | 1.0 | 0.9 | 1.1 | 1.0 | 1.0 | 0.8 | 1.1 | 1.5 | 1.6 | 1.7 | 2.1 |
1.3 |
|---|
| 2017 | 2.5 | 2.7 | 2.4 | 2.2 | 1.9 | 1.6 | 1.7 | 1.9 | 2.2 | 2.0 | 2.2 | 2.1 |
2.1 |
|---|
| 2018 | 2.1 | 2.2 | 2.4 | 2.5 | 2.8 | 2.9 | 2.9 | 2.7 | 2.3 | 2.5 | 2.2 | 1.9 |
2.4 |
|---|
| 2019 | 1.6 | 1.5 | 1.9 | 2.0 |
1.8 |
|---|
find the inflation data for the last 3 years:
1. What are your thoughts about the current state of the economy in terms of the historical inflation data for the last 3 years? Discuss either the effects or the types of inflation.
2. Is demand-pull inflation or cost-push inflation or both at play? Explain with examples.
3. Will the future (for instance, 3 years from now) lead to higher
inflation rates or lower? Why or why not?
4. Will the future (for instance, 3 years from now) be more
promising or otherwise for the existing unemployed? Why or why
not?
In: Economics
by deed, the bland family donated 50 acres of land to the city for the use of a park upon condition that the park be used for whites only and if this ever ceased to be the use, the property would revert back to the family. this provision in the deed is a condtion subsequent. True or False?
In: Operations Management
A trucking company determined that the distance traveled per truck per year is normally distributed, with a mean of 60 thousand miles and a standard deviation of 10 thousand miles. Complete parts (a) through (d) below.
a. What proportion of trucks can be expected to travel between 48 and 60 thousand miles in a year?
b. What percentage of trucks can be expected to travel either less than 40 or more than 75 thousand miles in a year?
c. How many miles will be traveled by at least 85% of the trucks?
d. What are your answers to parts (a) through (c) if the standard deviation is 8 thousand miles? I
f the standard deviation is 8 thousand miles, the proportion of trucks that can be expected to travel between 48 and 60 thousand miles in a year is . (Round to four decimal places as needed.)
If the standard deviation is 8 thousand miles, the percentage of trucks that can be expected to travel either less than 40 or more than 75 thousand miles in a year is . (Round to two decimal places as needed.)
If the standard deviation is 8 thousand miles, the number of miles that will be traveled by at least 85% of the trucks is . (Round to the nearest mile as needed.)
In: Statistics and Probability
4. Jellystone National Park is located 10 minutes away from city A and 20 minutes away from city B. Cities A and B have 200; 000 inhabitants each, and residents in both cities have the same income and preferences for national parks. Assume that the cost for an individual to go to a national park is represented by the cost of the time it takes her to get into the park. Also assume that the cost of time for individuals in cities A and B is $:50 per minute. You observe that each inhabitant of city A goes to Jellystone 10 times a year, while each inhabitant of city B goes only 5 times a year. Assume the following: the only people who go to the park are the residents of cities A and B; the cost of running Jellystone is $1; 500; 000 a year; and the social discount rate is 10%. Also assume that the park lasts forever.
(a) Compute the cost per visit to Jellystone for an inhabitant of each city.
(b) Assuming that those two observations (cost per visit and number of visits per inhabitant of city A, and cost per visit and number of visits per inhabitant of city B) correspond to two points on the same linear individual demand curve for visits to Jellystone, derive that individual demand curve (the cost for the price, and the number of visits for the quantity).
(c) With the individual demand curve from (b), calculate the consumer surplus for an inhabitant in city A and in city B, respectively. (Note that inhabitants in the two cities may not pay the same price.) What is the total consumer surplus of the two cities entire population combined?
(d) The total consumer surplus measures the total bene t of the park to the inhabitants in the two cities. There is a timber developer who wants to buy Jellystone to run his business. He is offering $100 million for the park. Should the park be sold? Show the process you obtain your conclusion.
In: Economics
Playland at Pacific National Exhibition is an amusement park offering 31 different rides (including 4 rollercoasters and 1 water ride). The guests who are 48” or taller can go on any ride they want and so they get more value from visiting the park; let us say their individual demand is given by P = 5 – 0.25qO, where P is the price per ride ($ per ride) and qO is the number of the rides (per day) (the subscript O stands for “One Day;” that’s how the park calls its passes for the guests who are 48” or taller). The guests who are under 48” are not allowed on certain rides so they get less value from visiting the park; let us say their individual demand is given by P = 4 – 0.25qJ, where P is the price per ride ($ per ride) and qJ is the number of the rides (per day) (the subscript J stands for “Jr. One Day;” that’s how the park calls its passes for the guests under 48”). Assume it costs the park flat ¢25 per guest to operate a single ride, and it costs the park flat ¢75 to issue a single ticket to a ride. Assume there are 500 guests 48” or taller and 500 guests under 48” on an average day. We can consider Playland a monopolist in Vancouver
If Playland employed a two-part tariff scheme (the park may choose to ticket each ride, or they may choose to let people go on as many rides [at zero price per ride] as they want and only charge the gate fee for the access to the rides),
6. what would be the gate entry fee for guests 48” or taller ($ per guest)?
7. what would be the gate entry fee for guests under 48” ($ per guest)?
8. what would be the price per ride ($ per ride)?
9. what is Playland’s profit on an average day ($ per day)? Assume zero fixed cost.
In: Economics
|
Probability |
Expected Return |
|
0.3 |
-10% |
|
0.4 |
5% |
|
0.3 |
15% |
If IBM has the probability distribution shown in the table above, what is IBM’s standard deviation?
In: Finance
|
Probability |
Expected Return |
|
0.3 |
-10% |
|
0.4 |
5% |
|
0.3 |
15% |
If IBM has the probability distribution shown in the table above, what is IBM’s standard deviation?
Instruction: Type your answer in the unit of percentage point, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number 1.065, neither 0.0106465, 0.0106, nor 1.065%, because I already have percentage sign at the end of the problem. Otherwise, Blackboard will treat it as a wrong answer.
In: Finance
Probability Expected Return
0.3 -10%
0.4 5%
0.3 15%
If IBM has the probability distribution shown in the table above, what is IBM’s expected return?
In: Finance
What is the EVPI?
|
Success |
Moderate Success |
Failure |
|
|
Probability |
0.3 |
0.3 |
0.4 |
|
Sell Company |
94 |
94 |
94 |
|
Form Joint Venture |
210 |
120 |
89 |
|
Sell Software on own |
420 |
173 |
-100 |
please round to 1 decimal point
In: Statistics and Probability
Describe the Theory of Constraints (TOC). How might the TOC be used to explain operating conditions at a business organization you frequently visit. supermarket, theater, children's school, local gasoline service station.,airport, department store, etc0
In: Finance