really confused on D E F G so please explain what you did to solve them so i can learn how
I. Suppose the United States economy is represented by the following equations: Z = C + I + G C = 300 + 0.9YD T = 1,000 I = 200 YD = Y – T G = 2,000
a. Calculate the equilibrium level of output.
b. After you have calculated equilibrium income, calculate the level of consumption at this level of output. (Hint: Since you know the level of taxes and income, you can easily obtain the level of disposable income to calculate consumption.)
c. Write out the saving function for this economy. Then, calculate the level of saving that occurs at the equilibrium level of output.
d. Now, suppose households decide to increase their autonomous saving by 100. Equivalently, households have decided to cut their autonomous consumption by 100. Calculate the new equilibrium level of output that occurs as a result of the decrease in autonomous consumption of 100. Has this increased desire to save had a positive or negative effect on economic activity? Explain.
e. Based on your analysis in part (d), calculate the level of saving that occurs at this new equilibrium level of output. Compare this level of saving with the level of saving obtained in part (c). What has happened to the level of saving in this economy as a result of the increased desire to save?
f. What is the paradox of saving? Based on your answer in part (e), do you observe the paradox of saving in the short run? Explain.
g. Do you expect to observe the paradox of saving in the long run as well? Why or why not? Explain.
In: Economics
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Question 45 (1 point)
All of the following are related to active life expectancy for minorities except:
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Question 46 (1 point)
One of the recommendations to preserve Social Security is to raise the normal retirement age. A consequence of raising it is that:
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Question 47 (1 point)
A women's risk of poverty ________ if she gets a divorce.
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Question 48 (1 point)
In comparison with the types of diseases that caused deaths among older people in the United States in the nineteenth century, one of the major causes of death among people 65 years and older today is _____.
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Question 49 (1 point)
Functional age may be measured by:
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In: Psychology
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:
| Beginning inventory | 0 | |
| Units produced | 43,000 | |
| Units sold | 38,000 | |
| Selling price per unit | $ | 80 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 4 |
| Fixed (per month) | $ | 563,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 15 |
| Direct labor cost per unit | $ | 7 |
| Variable manufacturing overhead cost per unit | $ | 4 |
| Fixed manufacturing overhead cost (per month) | $ | 645,000 |
Management is anxious to assess the profitability of the new camp cot during the month of May.
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
b. Prepare an income statement for May.
2. Assume that the company uses variable costing.
a. Determine the unit product cost.
b. Prepare a contribution format income statement for May.
req1a
Determine the unit product cost. Assume that the company uses absorption costing.
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req 1b
Prepare an income statement for May. Assume that the company uses absorption costing.
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req 2a
Determine the unit product cost. Assume that the company uses variable costing.
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req 2b
Prepare a contribution format income statement for May. Assume that the company uses variable costing.
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In: Accounting
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:
| Beginning inventory | 0 | |
| Units produced | 43,000 | |
| Units sold | 38,000 | |
| Selling price per unit | $ | 79 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 3 |
| Fixed (per month) | $ | 566,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 15 |
| Direct labor cost per unit | $ | 10 |
| Variable manufacturing overhead cost per unit | $ | 1 |
| Fixed manufacturing overhead cost (per month) | $ | 860,000 |
Management is anxious to assess the profitability of the new camp cot during the month of May.
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
b. Prepare an income statement for May.
2. Assume that the company uses variable costing.
a. Determine the unit product cost.
b. Prepare a contribution format income statement for May.
Determine the unit product cost. Assume that the company uses absorption costing.
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Prepare an income statement for May. Assume that the company uses absorption costing.
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Determine the unit product cost. Assume that the company uses variable costing.
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Prepare a contribution format income statement for May. Assume that the company uses variable costing.
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In: Accounting
Please give a brief justification for the correct answer you select:
In: Economics
In: Finance
Question text
In the early 1990's, the Oregon Department of Education was looking into the success of their school lunch programs. Critics of the current way funds were being diverted to school food services believed that the low quality of the food being served in the low-income school districts was leading to malnutrition among the students.
The state had already collected growth data for decades throughout Oregon, so they went through their records to look for signs of malnutrition. One metric they used was heights of children in the various school districts. If children did not have proper nutrition from healthy food, they would not grow to their full potential.
The CDC/National Center for Health Statistics put the average height for 12 year old girls in the United States at 59.4 inches, with standard deviation 2.3 inches.
1. Assume that heights are normally distributed. If we randomly selected a 12-year-old female student in a local school, what is the probability that she is no more than 55.4 inches tall?
The Klamath county school district reported that their female 12-year-old students had a mean height of 58.2 inches out of a sample of 27 students. This a little more than an inch below the population mean for all 12 year old girl's heights.
2. Let's define an unusual event to be one where the probability of it occurring is less than 0.05 (or, equivalently, less than 1 in 20). If we wanted to find out if the school district's mean height was unusually low, what probability should we find?
(Hint: if 58 inches tall is unusually low, then so is 57 inches, and 56 inches.... )
In: Statistics and Probability
Systolic blood pressure is the amount of pressure that blood exerts on blood vessels while the heart is beating. The mean systolic blood pressure for people in the United States is reported to be 122 millimeters of mercury (mmHg) with a standard deviation of 15 mmHg.
The wellness department of a large corporation is investigating whether the mean systolic blood pressure of its employees is greater than the reported national mean. A random sample of 50 employees will be selected, the systolic blood pressure of each employee in the sample will be measured, and the sample mean will be calculated. Let μ represent the mean systolic blood pressure of all employees at the corporation. Consider the following hypotheses.
H0: μ=122
Ha: μ>122
a) Assume that σ , the standard deviation of the systolic blood pressure of all employees at the corporation, is 15 mmHg and μ = 122 . Describe the shape, center, and spread of the sampling distribution of x for samples of size 50.
b) Based on the sampling distribution constructed in part a), what interval of values of x would represent sufficient evidence to reject the null hypothesis at the significance level α = .01 ?
c) It was determined that the actual mean systolic blood pressure is 125 mmHg, not the hypothesized value of 122 mmHg, and the standard deviation is 15 mmHg. Using the actual mean of 125 mmHg and the results from part b), determine the probability that the null hypothesis will be rejected?
d) What statistical term is used for the probability calculated in part c)? Explain.
e) Suppose the size of the sample of employees is greater than 50. Would the probability of rejecting the null hypothesis increase, decrease, or remain the same? Explain your reasoning.
In: Statistics and Probability
In: Advanced Math
Thalidomide is a tranquilizer that was prescribed in the late 1950’s and early 1960’s to pregnant women, with the devastating result of over 12,000 birth defects in 48 countries before it was banned in 1962. (It was never sold in the United States.) Since then, the drug has reappeared as a possible solution to a number of medical problems. The U.S. National Institutes of Health announced on 31 October 1995 the results of a study in 30 hospitals of the effectiveness of thalidomide in healing mouth ulcers in AIDS patients. In the study, which was chaired by Dr. Jeffrey Jacobson of the Bronx Veteran Affairs Medical Center and the Mount Sinai School of Medicine in New York, it was found that 14 out of 23 patients who received thalidomide had their ulcers heal compared to 1 out of 22 patients who received a placebo. As a result of these early trial outcomes, the researchers suspended the trial giving thalidomide to all the patients in the study. THIS IS ALL THE INFO GIVEN.
In: Statistics and Probability