Theory tells us that the real interest rate equals the marginal product
of capital less the depreciation rate. Theory also tells us that the marginal
product of capital decreases when the capital-labor ratio increases. We know
from observation that the capital-labor ratio has been rising steadily for over a
century, but that the real interest rate and the depreciation rate have remained
relatively constant. How can all of these statements be correct? Explain.
Hint: One possible answer uses technological change in an important way.
Graphing the production function for different technology levels may be helpful.

Given the following information

n= 5 Σ X_t = 30 Σ Y_t = 172 Σ Y_t X_t = 980

Σ X²_t = 205 Σ Y²_t = 5162

Find the least squares estimates of α and β from

Y_t = α + βX_t + u_t

The sum of squared residuals is 45.2691. What does the SSR tell us in general?

Find the unbiased estimate of the variance of u_t. What does S² tell us in general?

Test H₀: β = 0 against H₁: β > 0 at the 5% level of significance.

Calculate the 95% confidence interval for β.

Calculate the R².

At a retail selling price of $2.5, Pepsi will be able to cover 15% of the approximately 1 billion units (20 oz. bottles) premium water market in US. If retailers charge a margin of 20% and if Pepsi’s unit variable cost in making and selling a bottle of LIFEWATR is $1, and Pepsi will incur a total fixed cost (in manufacturing, advertising, branding etc.) of $75 million, what is the profit that it can expect from the product? At $2, Pepsi will cover 20% of the premium water market in US. Do you think they should price the product at $2? Assume that there are no whole sellers between Pepsi and its retailers.

You are an investor in the US, thinking about investing 500.000 USD. Numbers say that the nominal interest rate for one year on USD assets is 2%, while in Norway the interest rate is 2,8%. Forecasts estimate that in Norway the inflation is going to be 2,1% during the next year, while in the US 1,1% inflation is expected. The USD/EUR exchange rate is 1,08. Market analysts say that during the next year the USD is expected to appreciate by 0,9% agains the EUR.

What is the reasonable choice with respect to investment? Which currency should be invested in? How can the profit from this situation be maximized?

Customer pet peeves about customer service. What are yours? Food not prepared properly at a restaurant? You need to return clothing or something else? A purchase you made didn’t work properly, or you couldn’t figure out how to make it work from the directions given? You need help in a store and can’t find anyone? Or, you may choose a pet-peeve specific to you. Tell us why it bothers you; and how you handle the situation with the person you need to talk with about your complaint? You are encouraged to share an experience with us.

1. A study is conducted to determine the security and confidentiality of personal information submitted over the Internet, including such things as social insurance and credit card numbers. A random sample of 1,000 adults were selected and asked under what circumstances they would give personal information to a company. 20% said they would never give personal data to a company, while 51% said they would if the company had strict privacy guidelines in place. Construct a 95% confidence interval for the proportion of those who would never give personal data to a company.

   Calculate the margin of error.

   	a.	0.025
   	b.	0.030
   	c.	0.016

1 points   

QUESTION 2

1. Construct a confidence interval for the proportion of those who would never give personal data to a company.

   	a.	0.465, 0.515
   	b.	0.485, 0.535
   	c.	0.175, 0.225

Define watershed and the watershed approach to water quality management. What are the implications of water quality management regulations based on watershed management?

What are the primary laws/acts that regulate water quality in the US?

What federal and state agencies are responsible for regulating water quality? What role does each agency serve?

Can a small farm be required to have a permit to operate a waste management? If so, why would this be the case?

Define a nutrient management plan.

What are the important components of a nutrient management plan?

What nutrients are being regulated/managed?

Why is having proper nutrient management important?

When describing “animal welfare”, what conditions must be met and/or supplied for the animals as outlined in the Five Freedoms?

What does the phrase “a rat is a dog is a boy” imply?

Compare and contrast Animal Rights and Animal Welfare.

Name a leader that has helped advance Animal Rights in the US.

Name two animal rights groups.

Name leaders who have served as advocates for animal welfare.

Describe how property rights have been established and what protects a citizen’s property rights.

QUESTION 26 Anthropologists who work in K-12 educational settings:

a. Usually work with and/or observe constituent groups

b. See patterns of behavior and misconceptions

c. Support curricular adaptations, teach education and school culture change d

. All of the above 10 points

QUESTION 27 According to our text, racial classification means that someone or some entity will:

a. Attempt to assign humans to discrete categories based on common ancestry

b. Totally accept the idea that all human variation is based on biological variation and there is no "better of" or "worse

" c. Conclude that racial categorization will accurately define us all and for good reasons

d. Allow us to consistently looks at skin tone, facial features, eye color and hair texture and correctly assume a person's place of birth 10 points

QUESTION 28 Globalization is a set of facts, ideologies and policies which

a. Are meant to spread the connectedness of production, communication and technology around the world

b. Coordinated by Central Banks, the IMF and the World Bank

c. Supported by international financial powers to create global free markets and consumerism

d. All of the above