Consider an excise tax on the market for almonds. Moreover, assume the magnitude of the tax is $3.00 a pound. Assume the tax is levied on the demand side.

a.) Who do you suppose will pay more of the tax? Almond producers or consumers? Why?

b.) Draw a graph showing prices and quantities before and after the tax. Moreover label regions of the graph A, B, C, D, etc and show CS, PS, TS, DWL and TR before and after the tax. Draw your graph consistent with your answer to part (a).

c.) If P = $20 provide plausible P B and P S

d.) Suppose Q = 15; 000 and QT = 12; 000 Calculate DW L and T R.

e.) Suppose the supply was more inelastic than we thought for parts (a) - (d). Provide a new QT and recalculate DW L and T R.

f.) How would things be different if we were to collect the tax on the supply side?

g.) Consider the question, "Is this tax a good idea or not?". Is this a question of normative economics or positive economics.

Do certain drugs slow down the reaction? If so, the government will try to test the differences taking this drug. Thirty random samples were examined before and after drug administration. And their reaction time (in seconds) (see table below). Verify that there is a difference at the significance level of 5%.

An SAT prep course claims to improve the test score of students. The table below shows the scores for seven students the first two times they took the verbal SAT. Before taking the SAT for the second time, each student took a course to try to improve his or her verbal SAT scores. Do these results support the claim that the SAT prep course improves the students' verbal SAT scores?

Let d=(verbal SAT scores prior to taking the prep course)−(verbal SAT scores after taking the prep course)

. Use a significance level of α=0.05

for the test. Assume that the verbal SAT scores are normally distributed for the population of students both before and after taking the SAT prep course.

Step 1 of 5 :

State the null and alternative hypotheses for the test.

1. On December​ 1, 2017,​ Summit, Inc. sold machinery to a customer for​ $22,000. The customer could not pay at the time of sale but agreed to pay 10 months later and signed a​ 10-month note at​ 10% interest. How much interest revenue was earned during​ 2018? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)

2.The Allowance for Bad Debts account has a credit balance of​ $8,300 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the​ aging-of-receivables method, the​ company's management estimates that uncollectible accounts will be​ $14,700. The balance of the Allowance for Bad Debts reported on the balance​ sheet will be $

3.The Allowance for Bad Debts account has a debit balance of​ $9,000 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the​ aging-of-receivables method, the​ company's management estimates that uncollectible accounts will be​ $13,000. Bad debts expense will be reported on the income​ statement as $

An experiment was conducted to determine the effect of a high salt mean on the systolic blood pressure (SBP) of subjects. Blood pressure was determined in 12 subjects before and after ingestion of a test meal containing 10.0 gms of salt. The data obtained were:

1. Is a one-sided or two sided test needed here?
2. What is the mean SBP for each time period?
3. What is the standard deviation for each time period?
4. Which statistical test is appropriate to use on these data?
5. Carry out the hypothesis test(s) in question in above d. Use α=0.01
6. Are the means statistically different?
7. Find the 99% confidence interval for the difference of the two means on SBP. Interpret your finding                                                                                     

You are interested in the development of numeracy in childhood and want to understand the impact a child attending preschool has on their understanding of numbers. You believe that preschool can strongly improve a child’s numeracy skills. You collect data from 8 children using a numeracy measure where an increased score indicates increased numerical ability. You collect data from each child before they start preschool as well as after they complete preschool.

A. Write out your null and alternative hypotheses.

B. Conduct the statistical test using alpha .05

C. Determine whether the result is significant or not and make your decision regarding the null hypothesis.

D. Explain your finding in terms of your research question. In other words, what has this shown us about preschool and numeracy?

Student      Before preschool     After preschool

1                             45                        43

2                             33                        39

3                             46                        50

4                             49                        49

5                             28                        31

6                             43                        46

7                             36                        34

8                             37                        38

1. A shortcoming of return on investment (ROI) is that it may not lead managers to accept good investment opportunities if

   2.   Which of the following statements is true concerning economic value added (EVA)?

   3.   Which of the following defines Economic value added (EVA)?

6.

Question 6

John Jones is deciding on one of two career choices, before retiring in 40 years time.

Choice 1

John can go to a prestigious graduate school for two years and obtain a degree. Including tuition and living expenses, he expects to pay $75,000 at the end of each year for two years while at school. After graduating, he expects to land a demanding job that pays $150,000 at the end of the third year, and grows at a constant rate of 5% each year (so at the end of the fourth year he expects 150,000*1.05 etc.) He will retire in 38 years after finishing graduate school.

Choice 2

John can continue in his present job. He expects to be paid $84,000 at the end of the year, and expects his salary to increase by 6% every year, paid at the end of each year. He expects to work for 40 years before retiring.

If John’s discount rate is 10%, which career choice should he pursue?

conclusion summary at the end show formulas

Question 6 John Jones is deciding on one of two career choices, before retiring in 40 years time. Choice 1 John can go to a prestigious graduate school for two years and obtain a degree. Including tuition and living expenses, he expects to pay $75,000 at the end of each year for two years while at school. After graduating, he expects to land a demanding job that pays $150,000 at the end of the third year, and grows at a constant rate of 5% each year (so at the end of the fourth year he expects 150,000*1.05 etc.) He will retire in 38 years after finishing graduate school.

Choice 2 John can continue in his present job. He expects to be paid $84,000 at the end of the year, and expects his salary to increase by 6% every year, paid at the end of each year. He expects to work for 40 years before retiring. If John’s discount rate is 10%, which career choice should he pursue?

Please use formulas if needed so I understand.

Consider the IS-LM and aggregate demand/aggregate supply model of Chapters 11 and 12. Consider a reduction in the level of taxes, starting from an initial situation in which output is equal to its natural level.

a) Depict the short-run effects of the reduction in T using 3 graphs: one for the market for goods and services, one for the IS-LM curves, and one for the Aggregate Demand and Supply curves. How do the new short-run equilibrium values of r, Y and P compare to the initial ones? (i.e., are they higher, lower or equal?)

b) Depict the transition from the short-run to the long run. To do this, draw 3 new graphs (with the same variables as before), in which the initial situation is the short-run equilibrium after the decrease in T. How do the long-run equilibrium values of r, Y and P after the shock in T compare to ones before that shock?

Note: be sure to label: i. the axes; ii. the curves; iii. the initial equilibrium values; iv. the direction the curves shift (including the initial adverse shock); and v. the terminal equilibrium values.