1) An earthquake centered in New Hampshire severely damages Fenway Park, forcing the Red Sox to have to build a new stadium. The team decides to construct its new facility in the nearby town of Quincy rather than in downtown Boston. Use the appropriate economic model to explain why it does so.

2) Referring to question #1, a politician in Massachusetts claims that the state must subsidize the construction of a new stadium because of the "positive externalities" that the team generates. Use the appropriate economic model to explain his reasoning.

a salary adjustment was given to two retail stores recently merged. Ten employees' salaries were recorded before and after the adjustment. The average difference was an increase of $2,250 with a standard deviation of $1,100. Test if the increase is significant at the .10 level?

1. The Barry family had two sons in college at the same time. Their parents gave both boys an allowance for food and textbooks. For simplicity, assume Drew and Brent have identical preferences between food and textbooks and that both are normal goods. Drew went to Georgia Tech University (GT), while Brent went to Oregon State University (OSU), where food prices were higher. Both boys bought their textbooks from an online store with free shipping and no tax, so they paid the same price for textbooks.

1. Using indifference curves and budget constraints, show the choices of Drew and Brent if the Barrys gave the boys the same allowance.
2. You might expect that Brent would be a little annoyed at the situation. Suppose he calls up his parents and convinces them that they need to give him more money to compensate him for the fact that food is so much more expensive in Oregon. His call is successful, and his parents agree to give him more money. Brent wants enough to buy the same bundle the Drew buys. Always wanting to treat their kids fairly, Brent’s parents instead give Brent enough money to be just as happy as Drew is (i.e., on the same indifference curve). Show this new budget constraint and Brent’s utility-maximizing choice of food and books.
3. Explain how your answer to the previous question help illustrate the income and substitution effects of a price change from Georgia’s low food prices to Oregon’s high food prices.

Short Essay 4 ; Give a detail information

Starting in middle school, Jon loved to “give kids flak” and “teach them a lesson.” He was constantly clowning around in class, pulling chairs out from under girls who were wearing skirts and sticking his foot out in the aisle when the class “nerd” went to ask the teacher his fifth question of the hour. Lots of kids had been exposed to Jon’s goofing, and usually everyone laughed when they were not the ones affected by his antics. Since elementary school, Mike has often been on the receiving end of Jon’s bullying. He had shoved into the shower with his clothes on, his clothes had disappeared during gym class and were found in the cafeteria, and he was taunted weekly about his height and weight. He was constantly feeling like his same-age peers bullied him with physical contact, harsh and degrading words and gestures, exploitation, and exclusion. By the end of middle school, Mike had no true friends. He had few acquaintances that he talked with during the day, many of whom were also victims of bullying. He usually ate his lunch by himself, as quickly as possible, and aimlessly wandered the hallways of the school.

Answer the following questions in essay form. Your essay should be between 1 - 2 pages in length and adhere to APA guidelines.

What kinds of changes take place in social, cognitive, and emotional development during middle childhood that are likely to bring about bullying and teasing?

How does culture play a role in what is happening in this case for Jon and Mike?

What cultural definitions of masculinity are at work in middle childhood that may reinforce Jon’s behaviors or make Mike ashamed of his body?

Explain what an expansionary monetary policy (that increases the stock of money M) will do to the macroeconomy according to the following schools of thought:

a. the Austrian school of thought

b. the Keynesian school of thought

c. the New Classical school of thought

d. Explain how the differing assumptions between the three schools of thought lead to different conclusions about the effect of the policy.

(Integrated Marketing Communications)

FELICITY’S FINE FORMALWEAR

Certain occasions require special clothing. Felicity’s Fine Formalwear provides tuxedos and other dress-up essentials for men along with wedding and prom dresses for women. The store, which is located in a major metropolitan area has been in business for nearly a decade.

Formal attire experiences several key seasons. First, the late spring is when teenagers rent prom dresses and tuxedos. Early summer, especially June, is the time when rentals for weddings reach their peak. A third season takes place in the months of December and January, when many social occasions surrounding Christmas and other winter festivals take place. Often the customers for these events are older than high school or college age.

Recently, Felicity noticed a drop in tux rentals and prom dress purchases. A new competitor in town might explain the loss of some of this business. In the past, Felicity used one magic tactic to entice high schoolers to her store. She would offer a free tux rental to a few males in each high school if they would, in exchange, wear a different tux to class each day for one week, usually about four weeks before the dance. She would do the same for females and prom dresses. This in-person approach worked well for many years but seemed to be losing its punch.

After a great deal of thought, Felicity decided it was time to engage in two new tactics. First, she developed a relationship with the primary limousine service in the city. Many high school prom-goers would rent a car for that night. Offering a tie-in between the automobile and prom attire seemed like a logical and enticing approach for both rental companies. Second, it was time to engage in advertising directed at the high school crowd and their parents. Some ads would appear on television, especially evening news programs that Mom and Dad would be more likely to watch; others would be streamed online to reach the students themselves.

The primary goal of these ad campaign was to teach prom attendees and their parents. The secondary goal was to entice those who attend other events, including weddings and formal Christmas galas to recall Felicity’s Fine Formalwear when the time was right. Felicity also hoped to build long-term loyalty and return business.

What type of spokesperson should be used in ads for Felicity’s Fine Formalwear? Recommend one spokesperson for the two primary target market (prom-goers, and wedding participants).

(Integrated Marketing Communication)

FELICITY’S FINE FORMALWEAR

Certain occasions require special clothing. Felicity’s Fine Formalwear provides tuxedos and other dress-up essentials for men along with wedding and prom dresses for women. The store, which is located in a major metropolitan area has been in business for nearly a decade.

Formal attire experiences several key seasons. First, the late spring is when teenagers rent prom dresses and tuxedos. Early summer, especially June, is the time when rentals for weddings reach their peak. A third season takes place in the months of December and January, when many social occasions surrounding Christmas and other winter festivals take place. Often the customers for these events are older than high school or college age.

Recently, Felicity noticed a drop in tux rentals and prom dress purchases. A new competitor in town might explain the loss of some of this business. In the past, Felicity used one magic tactic to entice high schoolers to her store. She would offer a free tux rental to a few males in each high school if they would, in exchange, wear a different tux to class each day for one week, usually about four weeks before the dance. She would do the same for females and prom dresses. This in-person approach worked well for many years but seemed to be losing its punch.

After a great deal of thought, Felicity decided it was time to engage in two new tactics. First, she developed a relationship with the primary limousine service in the city. Many high school prom-goers would rent a car for that night. Offering a tie-in between the automobile and prom attire seemed like a logical and enticing approach for both rental companies. Second, it was time to engage in advertising directed at the high school crowd and their parents. Some ads would appear on television, especially evening news programs that Mom and Dad would be more likely to watch; others would be streamed online to reach the students themselves.

The primary goal of these ad campaign was to teach prom attendees and their parents. The secondary goal was to entice those who attend other events, including weddings and formal Christmas galas to recall Felicity’s Fine Formalwear when the time was right. Felicity also hoped to build long-term loyalty and return business.

Would the television ad be designed for parents on the nightly news be different than the one designed to stream online for students? Why or why not?

The mean weight of 1-year-old girls is 80 pounds, and the standard deviation is 6 pounds. If a sample of 31 girls is selected, what is the probability that their sample mean is between 76.5 and 81.5 pounds? Use your graphing calculator to determine this probability. Enter this answer as a number rounded to four digits after the decimal point.

The heights of children are normally distributed. For three year old girls, the mean height is 38.7 inches and the standard deviation is 3.2 inches. A random sample of 14 three year old girls are chosen. Find P(x⎯⎯⎯ < 37) for n = 14. Enter your answer as an area under the curve with 4 decimal places.

13. Listed below are weights(hectograms) of randomly selected girls at birth. Here are the summary statistics: n=12,  = 31.167hg, s= 3.157hg. Use the sample data to construct a 95% confidence interval for the mean birth weight of girls.

33, 28, 33, 37, 31, 32, 31, 28, 34, 28, 33, 26