Doodads are a consumer electronic device.

a. Assume there is an improvement in the technology used to produce doodads in 2015. What will change in the supply of doodads? What will change in the demand for doodads? What could be expected to happen to the equilibrium price and quantity in the market for doodads? Draw a graph (or graphs) and use it (them) to illustrate your answers.

b. Now assume that at the same time as the technical improvement, there is a recession and consumer income falls. What will happen to the supply and demand for doodads? How does the equilibrium price and quantity compare to those prior to 2015. Once again, graph your answers.

Technology that performs at the level of superhuman intelligence and beyond already exists. As Harris explained, even with a machine that performs at the level of humans or a group of researchers, it’ll still work exponentially faster than them. Harris says, describing a machine like that, that “in one week, it can perform 20,000 years of human-level intellectual work.” So of course, it’ll be convenient and amazing to have artificial intelligence find the cure to disease and find the answers to a question almost instantaneously compared to a group of researchers who may take months to do so, but when does AI reach the point where it’s so smart, that it’ll have no problem disregarding human’s lives to do what it wants to do?

Within the first two minutes of Sam Harris’ TED Talk on artificial intelligence, I was reminded of many of the episodes in Black Mirror where advanced technology in which we can currently only dream of becomes abused and causes chaos. Technology is constantly becoming more advanced, efficient, and intelligent. Undoubtedly, artificial intelligence will one day become so intelligent, it’ll have the ability to function independently of a human’s control. Without regulation, one day robot’s will start fixing all our economic issues and research questions. Human will be almost or basically useless and free to roam the earth doing whatever, just depending on robot’s to keep the world spinning. And what will stop robots from viewing us as “ants” and not hesitating to take us out if we are in their way? I agree that technology has brought us very far and I do think it should continue advancing whether it is to cure Alzheimers or just make our daily life more convenient, but when does AI become dangerously advanced? How do we decide when AI will threaten the human species? When do we decide to put a stop to it?

Analyzes the influence of technology in the global expansion and success of a company or industry of your choosing. Your analysis should include the following elements:

• A description of at least two of the technologies that have most affected the company’s or industry’s global expansion
• An analysis of how the technologies have facilitated global expansion
• An analysis of how the technologies have changed the competitive environment, both internationally and domestically
• A discussion of at least two lessons learned that you think are most pertinent for companies in the industry that you are most interested in and why you think they are important

The annual salaries (in thousands of dollars) for the employees of a small technology firm are as follows:

Construct a frequency table. Use 7 classes, start with a lower class limit of 59, and use a whole number for the class width.

For class, be prepared to discuss the information technology being used and is in development to manage chronically ill clients. Determine how these impact the use of healthcare information and management technologies. And, how will they influence current and future nursing practice. Provide one example.

At Rochester Institute of Technology, 34% of the students are female. The Department of Mathematics and Statistics would like to know if the Data Analysis course has a different percentage of female students. From a random sample of 50 students taking this course, 23 were female. Does this data support that the proportion of females taking this class is different from the percentage of females in the school?

The appropriate hypotheses would be:

A) H o μ = 34 a n d H A μ ≠ 34

B) H o p = 0.34 a n d H A p ≠ 0.34

C) H o p ≤ 0.34 a n d H A p > 0.34

D) H o p ≥ 0.34 a n d H A p < 0.34

Answer: A, B, C, D?

The Test Statistic would be:?

The P-value would be:?   

The Conclusion would be:?

15) Suppose that the supply of avocado increases due to an improvement in the technology for growing avocado with less watering costs. Which of the following describes the mechanism of price and quantity adjustment assuming that there is no change in the demand curve?

a. There is a downward pressure on prices and an increase in the equilibrium quantity.

b. There is an upward pressure on prices and an increase equilibrium quantity.

c. There is no change in equilibrium price and quantity. d. There is a downward pressure on prices and a decrease

equilibrium quantity. e. None of the above.

in the in the

16) In answering the following question, it may be helpful to draw a supply and demand diagram. What is the effect on equilibrium price and quantity of an decrease in both supply and demand?

1. There is an increase in equilibrium price and an increase in equilibrium quantity.

2. There is no change in equilibrium price but a decrease in equilibrium quantity.

3. There is a decrease in equilibrium price and an increase in equilibrium quantity.

4. There is no change in equilibrium price or quantity.

5. There is an ambiguous effect on equilibrium price and a decrease in

   equilibrium quantity.

17) Suppose we know that the price elasticity of demand for organic apples is -1.2. If a grocer increases the price of organic apples by 15%, what would we expect to happen to the quantity of organic apples purchased?

a) Decrease b) Decrease c) Decrease d) Decrease e) Decrease

by 1.2% by 12% by 1.8% by 18% by 2.4 %

18) Suppose we know that the price elasticity of demand for sandals is -1.5. A shoe stores normally sells 100 pairs of sandals each month. If it decides to raise the price of its sandals by 30%, how many sandals would it then sell per month?

a) 115

4

b) 85 c) 70 d) 60 e) 55

19) If a increase in the price of apples from $1 to $2 per pair leads to an decrease in the quantity of apples demanded from 150 million to 100 million kg, then applying the midpoint formula, the price elasticity of demand equals:

a) -4/10 b) -6/10 c) -2/3 d) -3/2 e) -4/3

20) Suppose we observe that the revenue a music store receives from CD sales increases when the price of CDs is decreased. What can we conclude?

a) The price elasticity of demand for CDs is zero.
b) The demand for CDs is perfectly inelastic.
c) The price elasticity of demand for CDs is -1.
d) The price elasticity of demand for CDs is greater than -1 .

e) The price elasticity of demand for CDs is less than -1.

The production technology of a manufacturer is estimated to be Q = 150N - .025N², where Q is output and N is labor input. The manufacturer has no constraint in hiring labor.

a. What will be the optimum N and Q under the given assumption.

The tight job market and the skill requirement of the industry that the manufacturer is operating has limited the hiring of the labor to no more than 250.

b. Formulate the optimizing problem of the manufacturer under the new job market condition.

c. Find the optimum N and Q under new condition.

d. What does Lagrangian multiplier imply in this problem?

Is BIM a new technology, or a new process, or both? What are the promises that BIM holds to the industry? How does BIM impact the construction industry? Discuss the factors that affect the business value of BIM. Discuss the reasons that some companies still would not use BIM.

The customer and the oversight committee of the project indicated that the technology investment cost of the project is $25,000.00. They foresaw a consistent recurring cost of $7,500 in using the technology with an expected discount rate of 11% within a 5-year period. They also worked out their forecasted benefits as $30,000.00, $35,000.00, $40,000, $45,000.00 and $50,000.00 in the 5-year period.

Conduct a 5-year cost/benefit analysis by completing all the following items:

1. Create an Excel spreadsheet in common format.
2. Explain the breakeven period for the project, including
a. What breakeven period means,
b. What different types values are obtained for this project, and
c. What these values mean to the customer (Explain what breakeven period is and how
your answer is doing what it does for the customer).

3. Explain the return on investment for the project, including
a. What return on investment means,
b. What its value is for this project and how the value means to the customer, and
c. Whether the project is a worthwhile investment and the project should be continued
or not