State and explain three of the pros and three of the cons of borrowing to finance government spending to stimulate the economy when in recession
In: Economics
Describe how Disposable income affect the consumption or
consumer spending? Draw the
circular flow diagram to explain the connection?
In: Economics
Do you believe the government should be able to provide oversight in an attempt to curb spending in our healthcare system?
In: Nursing
In: Accounting
How does the incentive for members of Congress to spend on programs beneficial to their district compare to their incentive to control federal spending?
In: Economics
What are the main problems with "across the board" spending cuts to deal with budget deficits in both sate and local government?
In: Economics
What are the effects of deficit spending on the economy of a country? How can constitutional amendment be used to balance the federal budget?
In: Economics
Why would consumer spending be affected by mortgage rates? Isn’t housing considered an investment item, not a consumption item?
In: Economics
Answer In EXCEL
Best Plastics produces a line of cell phone covers. Its
best-selling cover is the Cobra model, a
slim but very durable black plastic cover. The annual fixed cost
for the Cobra model is $234,000.
This fixed cost includes management time, advertising, and other
costs. In addition, the variable
cost, including labor and material costs, is $2 for each unit
produced. Best Plastics sells the
Cobra for $3.50 per unit. The exact demand for next year is not
known. Best Plastics wants to
analyze the possible profit against different quantities.
Define “q” as the quantity (number of units) required next year.
Define TC(q) as the total cost to
manufacture q units. Define TR(q) as the total revenue from selling
q units.
a. Write the algebraic equations for TC(q) and TR(q).
b. Define TP(q) as the total profit from selling q units, that
is, TR(q) – TC(q). Write the
algebraic equation for TP(q).
In: Economics
QUESTION 12
Shock Absorbers Question 3
A manufacturer of automobile shock absorbers was interested in
comparing the durability of its shocks with that of the shocks
produced by its biggest competitor. To make the comparison, one of
the manufacturer's and one of the competitor's shock absorbers were
randomly selected and installed on the rear wheels of each of six
cars. After the cars had been driven for 20,000 miles, the strength
of each test shock absorber was measured, coded, and recorded;
results are shown in the table below. Note that the higher the
measurement, the more durable is the shock absorber.
Shock Absorber Strength
|
Car |
Manufacturer’s |
Competitor’s |
|
1 |
8.8 |
8.4 |
|
2 |
10.5 |
10.1 |
|
3 |
12.5 |
12.0 |
|
4 |
9.7 |
9.3 |
|
5 |
9.6 |
9.0 |
|
6 |
13.2 |
13.0 |
If one wants to demonstrate that the mean strength of the
manufacturer’s brand exceeds that of the competitor’s by at least
0.5 units after 20,000 miles of use, what is the p-value of the
appropriate test of hypotheses?
| a. |
0.309 |
|
| b. |
0.168 |
|
| c. |
0.293 |
|
| d. |
0.503 |
|
| e. |
0.907 |
In: Statistics and Probability