Religious Rowan worked for many years for a hotel restaurant as a waitstaff person. The restaurant had a family-style menu and was closed on Sundays. The restaurant was owned and operated by the hotel and primarily served a family oriented clientele. The restaurant was acquired by a national chain that changed the dynamic of the restaurant, making it into a bar and pub that was open 7 days per week.

Religious Rowan is a devout conservative churchgoer and does not believe in working on Sundays, because that is a time for church, nor does Rowan believe in the consumption of alcohol. Rowan told the new employers that due to religious beliefs, working any Sunday shifts and/or taking orders and serving alcohol to clients would be impossible.

The employer agreed that Rowan could always have Sundays off but insisted that Rowan get certified by the state to be able to sell alcohol as that was a new requirement of the waitstaff position. Rowan refused, and because there were always several other waitstaff personnel available that could take and serve alcohol orders, the restaurant said that was fine, because Rowan was otherwise an excellent employee.

Rowan was able to serve for 3.5 years in the same role with the accommodations of not working on Sundays or being involved in selling or serving alcohol without a problem. However, a new restaurant manager came in and determined that in order for the restaurant to improve its efficiency of operations, which was a goal the new manager was hired to implement, Rowan could still skip Sunday shifts but could no longer be accommodated by not participating in the sale of alcohol to customers as that pulled other waitstaff off of their assigned tables and was not perfectly efficient. Rowan refused to get licensed to sell alcohol or to serve it and was subsequently fired for insubordination. Rowan then sued for the failure of the hotel to accommodate her religious beliefs. How should the court rule and why?

Given the following estimated demand equation Answer the following questions

“From the data for 50 States in the United States , the following Regression Equation was estimated:

Ln C =    5.75 – 1.29 LnP + 0.67 LnY - 0.022LnA - 0.03LnExcT
T- Stats:    (0.91) (1.45)       (2.45)   (1.02)             (2.04)          
R2 = 0.87;
T- table value at 95%; and 46 degrees of freedom is 1.96.

Where C = Cigarette consumption packs per year
   P = real price per pack
   Y = Real disposable income per capita
       A= Per capita Advertising expenditure
       Exc = Excise tax per packet
   T-values are all in the parentheses  

a). What is the elasticity of demand for cigarettes with respect to price? Is it statistically significant? Interpret this number in plain English
b) What is the Income Elasticity of Demand for Cigarettes? Is it statistically significant? Interpret this number
c) Some people claim that Advertising has No bearing on consumption of cigarettes. Do you agree/ Why or Why Not?
d) Using your calculator, or EXCEL can you predict the level of Consumption of Cigarettes when the Price per pack is $6.25, Income per capita is $69,600, and Advertising expenditure is 30 million dollars? What is that number?
e) Suppose the State of Wisconsin is proposing to increase 10% increase in its Excise tax on cigarette for collecting more “sin-tax” and to promote healthy life-style. Do you think that measure will change anything? Why? Or Why not?

Given the following estimated demand equation Answer the following questions

“From the data for 50 States in the United States for 2015, the following Regression Equation was estimated:

Ln C =             5.75 – 1.29 LnP + 0.67 LnY - 0.022LnA - 0.03LnExcT

T- Stats:           (0.91) (1.45)       (2.45)           (1.02)          (2.04)                            

R² _{= 0.87;}

_{T- table value at 95%; and 46 degrees of freedom is 1.96.}

Where C = Cigarette consumption packs per year

            P = real price per pack

            Y = Real disposable income per capita

                        A= Per capita Advertising expenditure

                        Exc = Excise tax per packet

            T-values are all in the parentheses      

a). What is the elasticity of demand for cigarettes with respect to price? Is it statistically significant? Interpret this number in plain English

b) What is the Income Elasticity of Demand for Cigarettes? Is it statistically significant? Interpret this number

c) Some people claim that Advertising has No bearing on consumption of cigarettes. Do you agree/ Why or Why Not?

d) Using your calculator, or EXCEL can you predict the level of Consumption of Cigarettes when the Price per pack is $6.25, Income per capita is $69,600, and Advertising expenditure is 30 million dollars? What is that number?

e) Suppose the State of Wisconsin is proposing to increase 10% increase in its Excise tax on cigarette for collecting more “sin-tax” and to promote healthy life-style. Do you think that measure will change anything? Why? Or Why not?

Exercise 1 Use the money market and foreign exchange (FX) diagrams to answer the following questions. This question considers the relationship between the euro and the U.S. dollar ($). The exchange rate is in U.S. dollars per euro, E$/e. Suppose that with financial innovation in theUnited States, real money demand in the United States decreases. On all graphs, label the initial equilibrium point A.

(a) Assume this change in U.S. real money demand is temporary. Using the FX and money market diagrams, illustrate and explain how this change affects the money and FX markets. Label your short-run equilibrium point B and your long-run equilibrium point C. (Due to the temporary nature of the shock, assume that the reversal of real money demand occurs before the price level adjusts in the long run.)

(b) Assume this change in U.S. real money demand is permanent. Using a new diagram, illustrate and explain how this change affects the money and FX markets. Label your short-run equilibrium point B and your long-run equilibrium point C.

(c) Illustrate and explain how each of the following variables changes over time in response to a permanent reduction in real money demand: nominal money supply M_US, price level P_US, real money supply M_US/P_US, U.S. interest rate i_$, and the exchange rate E$/e.

1. The labor supply curve:

a. is made up of firms who want to hire workers at each given wage.

b. is made up of workers who want to work for firms at each given wage.

c. shows number of firms who are willing and able to hire workers at each given wage.

d. shows that the number of firms who want to hire workers decreases as the wage increases.

2. Unemployment insurance:

a. is an explanation for why wages do not reach equilibrium.

b. can affect how quickly people find jobs.

c. will not affect the natural rate of unemployment.

d. is a mandated federal policy all states must adhere to.

3. In the United States, the federal minimum wage in early 2016 was:

a. $7.25 per hour.

b. $6.50 per hour.

c. $8.00 per hour.

d. $7.73 per hour.

4. Supporters of minimum-wage legislation argue that:

a. workers deserve a basic standard of living.

b. it should be set below the market equilibrium wage.

c. some workers will become unemployed as a result of the minimum wage.

d. All of these are true.

5. If a country's income level is high:

a. it must have a high level of growth.

b. it usually has a high level of GDP per capita.

c. it must be well-endowed with natural resources.

d. All of these are true.

A sample of 100 account balances of a credit company showed an average balance of $3,200 with a standard deviation of $316.

Formulate the hypotheses that can be used to determine whether the mean of all account balances is significantly different from $3000.

Conduct a full hypothesis test using the p-value approach. Let α = .05.

#2

During the recent primary elections, the democratic presidential candidate showed the following pre-election voter support in Alabama and Mississippi.
State
Voters Surveyed
Voters in favor of Democratic Candidate
Alabama
750
400
Mississippi
900
560

We want to determine whether or not the proportions of voters favoring the Democratic candidate were the same in both states. Conduct a full hypothesis test using the p-value approach at 92% confidence.

#3

In order to estimate the difference between the yearly incomes of marketing managers in the East and West of the United States, the following information was gathered.
East
West
n = 37
N = 41
X = $72,500
X= $74,000
S = 3000
S= 2500

Develop an interval estimate for the difference between the average yearly incomes of the marketing managers in the East and West. Use α = 0.05.

At 95% confidence, use the p-value approach and conduct a full hypothesis test to determine if the average yearly income of marketing managers in the East is significantly different from the West.

ANY ANSWER WOULD BE A GREAT CONTRIBUTION.....THANK YOU SO MUCH

In 2014 Energy Transfer Partners announced a plan to carry 570,000 barrels of crude oil per day from the Bakken oil fields in North Dakota to an existing infrastructure in Illinois. The Dakota Access Pipeline, as it has been named, would snake across 1,172 miles to reach its destination while crossing through many states, a Native American Reservation, and come in contact with multiple waterways.

Environmentalist and Native Americans have spoken out in non-support of this oil pipeline project for reasons that relate to the dangers that would impact the environment and lives of people living in the region if this line were to break or leak. Many fear that the part of the pipeline that would be constructed under the Missouri River presents a clear and present danger to the river if a leak occurs and jeopardizes the water and the life that depends on this water supply.

Your task: Look at the concerns of the environmentalists and people who raise concerns about the 570,000 barrels of crude oil that would flow through the region. Additionally, look at the history of pipeline oil spills in the United States and any issues surrounding environmental impacts that would be important. Then weigh the concerns of the people involved against the interest of big oil companies.

You must take a stand for one side or the other and defend your position with facts and the law.

Identify every possible primary key, candidate key, and foreign key for the following relations. Separate each key using a semicolon to avoid confusion.

Assumptions: MIScompany has branches located in several states within the United States. A customer can be an individual or organization. driverId is the driving license number, ssno is the social security number and upc is the universal product code. Any equipment is rented and returned at the same branch. A customer can be a manufacturer and vice versa. (Minus 1 point for each wrong answer)

            MIScompany (name, address, phone, email, FedTaxId, StaTaxId)

Primary key:

Candidate key:

Foreign key: none

branch (branchId, name, address, phone, email, FedTaxId, StaTaxId)

Primary key:

Candidate key:

Foreign key:

employee (empId, driverId, ssno, name, branchId)

Primary key:

Candidate key:

Foreign key:

customer (custId, name, address, driverId, ssno, FedTaxId, StaTaxId)

Primary key:   

Candidate key:

Foreign key:

equipment (equipId, type, upc, purchaseDate, year, manufacturId, cost, rentFee, branchId)

Primary key:

Candidate key:

Foreign key:

manufacturer (manufacturId, name, FedTaxId, StaTaxId, phone, email)

Primary key:

Candidate key:

Foreign key:

rental (rentalId, equipId, custId, rentDate&time, returnDate&time, empId, branchId)

Primary key:

Candidate key:

Foreign key: equipId;

Jeff, the Director of Business Development, promised a promotion to Anne, his Assistant Regional Director, to become Regional Director when the old Regional Director was to leave her post in two weeks for another position outside the company. Jeff did not clear this decision with his boss Fred, the Vice President of Marketing before he made the promise to Anne. Jeff thought that it was within his authority to offer the position to Anne without first clearing it with Fred, or consulting human resources. The company was a fairly large developer of residential properties operating in 12 states in the southern United States. Thus, its human resources department was professionalized and balked at the arbitrariness of Jeff’s promise to appoint a person in a job without a fair and open hiring process, citing EEOC laws, and the backlash of regulatory consequences of such behavior. The brakes were put on the entire hiring process, and Anne did not get the job. An outside hire (Mary) eventually received the position. Anne quit immediately! Several projects had to be put on hold for several months until Mary could be brought up to speed, costing thousands of dollars. NO PARTICULAR BEHAVIORAL PATTERN

1. What ethical theory can best explain this moral problem?
2. Did Jeff violate an ethical standard or was he truly ignorant of the hiring process?
3. Should Jeff be blamed for Anne’s resignation?
4. Should there be any consequence or punishment for Jeff?
5. Can Jeff’s promise to Anne be defended ethically?