Here's the situation:
Charlize Theron conquered the peaceful land of Rombus as the people
in this land actually agreed with the Mirror that Kristen Stewart
is prettier than Charlize. You are now the economic advisor for
Charlize the Supreme Overlord of Rombus. All people of Rombus
really really love eating chicken nuggets and the demand of chicken
nuggets is highly inelastic. The supply of chicken nuggets is
fairly elastic. Charlize hates chicken nuggets as they generally
look like Kristen. The general public is angry about being
conquered and Charlize wants to institute a policy to stop chicken
nugget sales without angering the people. Charlize wants to
implement either one of two grand ideas. Her first idea is to place
a large tax on the sales of chicken nuggets to provide a
disincentive for producers to sell chicken nuggets. Her second idea
is to place a very low price ceiling on chicken nuggets. This price
ceiling would force chicken nugget prices to be far lower than the
current market clearing price for chicken nuggets. She believes
implementing either policy will force chicken nugget producers out
of industry and shift public anger regarding the reduction of
chicken nuggets onto the producers and not her.
Please help me answer these questions!!:
(1) What is the initial incidence of the tax?
(2) Burden of the tax?
(3) The effect of a price ceiling on the market of chicken nuggets? and,
(4) whether there will be a shortage or surplus?
(5) The welfare impact of implementing these policies?
I APPRECIATE IF ANYONE CAN HELP ME!!
In: Economics
Your boss has decided to assign you the task of analyzing two financing alternatives for a self-storage facility that is a potential investment for the company’s portfolio. Although your company usually develops and operates its own self-storage facilities, a competitor has decided to exit the industry and is selling their portfolio. Here is information on the self-storage facility. The net operating income (NOI) is expected to be $200,000 per year the first year and will increase at a 3.5 percent rate per year. You can purchase the investment for $1,500,000. This price includes the value of the land and the building. An appraiser estimates that 80.0 percent of the purchase price be allocated to building and 20.0 percent to land. The building is in the 39-year depreciation class and will be depreciated straight-line to a zero salvage value. The property under consideration is expected to increase at a 4.0 percent annual rate over the four-year holding period. Because of recent tax law changes, your company is in the 21 percent tax bracket. The lender has offered the following financing alternatives:
1. A 10.0 percent conventional, fixed rate, constant payment loan for $1,125,000 (75.0 percent of purchase price) with a 10-year term.
2. A sale-leaseback of the land to a third-party that specializes in land leases. The land is still valued at 20.0 percent of the purchase price and a conventional loan with the exact same terms as above. This means that the loan amount is now $900,000 = ($1,500,000 - $1,500,000*0.2)*0.75, instead of $1,125,000. The annual lease payments over the next four years will be $22,000.
In: Finance
1)Consider the following demand equation: Qd = 82 - 2P Using the point elasticity formula, find the price elasticity of demand at a price of P = 17. Your answer will likely be a decimal. Round it to the nearest 2 places. The price elasticity of demand is _____________ 2)The price of a case of macaroni from Costco is $10. At an old income of $200,000, Jaime’s yearly demand for macaroni was Qd = 45 – 2P At a new income of $150,000, Jaime’s yearly demand for macaroni is Qd = 50 – 2P Jaime’s income elasticity of demand for macaroni is __________. (Your answer may be a decimal. If so, round to the nearest tenth) 3)Lemmy is eating chocolate bars. The first bar gives him a marginal utility of 28 utils. The second bar gives him a marginal utility of 16 utils. His total utility after eating 3 bars was 49 utils. The marginal utility of the third chocolate bar was __________ utils. 4)See the cost table below. All missing blanks will be whole numbers. What number goes in the orange area 5)See the table below. Some of the MPL values are missing, and you'll have to fill in the MC column. Fill in the MC column when the wage is $30. L TP (Q) MPL MC 0 0 -- -- 1 5 5 2 15 10 3 30 15 4 40 5 45 6 49 7 51 What is the last number in the MC column?
In: Economics
An automobile club reported that the average price of regular gasoline in a certain state was $2.83 per gallon. The following data show the price per gallon of regular gasoline for 15 randomly selected stations in the state. Complete parts a through c below
|
2.65 |
2.78 | 2.91 | 2.84 | 2.88 | |
|
2.95 |
2.78 | 2.69 | 2.71 | 2.99 | |
| 2.81 | 2.67 | 2.85 | 2.93 | 2.79 |
a. Construct an 80% confidence interval to estimate the average price per gallon of gasoline in the state.
Answer: The 80% confidence interval to estimate the average price per gallon of gasoline in the state is from $2.78 per gallon to $2.85 per gallon.
b. Do the results from this sample validate the automobile club's findings?
Answer: First determine whether the population mean, 2.83, is contained within the 80 % confidence interval, which is approximately from 2.78 to 2.85.
Note that 2.83 is contained within the 80 % confidence interval.
To determine whether the results from this sample validate the automobile club's findings, recall that a confidence interval for the mean is an interval estimate around a sample mean that provides one with a range of where the true population mean lies.
c. What assumptions need to be made about this population?
Answer: Carefully review the requirements for calculating a confidence interval with the Student's t-distribution when the sample size is less than or equal to 30.
Above are the questions and answers. Please provide all Excel formulas (not calculations) that get to these answers.
In: Statistics and Probability
A factory produces plate glass with a mean thickness of 4mm and a standard deviation of 1.1mm. A simple random sample of 100 sheets of glass is to be measured, and the mean thickness of the 100 sheets is to be computed.
What is the probability that the average thickness of the 100 sheets is less than 3.91 mm?
In: Statistics and Probability
Compare answer A and B and give comment on any change occurred between year 2005 to 2015.
A) Ratio of GDP per capita (Middle to high wages) -2005 year.
i. 3980/38293=0.1039*100=10.4%
ii. Ratio of GDP per capita (low to high wages)
507/ 38293=0.013*100=1.3%
iii. Ratio of GDP per capita (low to middle wage)
507/3980=0.127*100=12.7%
B) i. Ratio of GDP per capita (Middle to high wages)- 2015 year
154192.5/77024.76 = 2.00 *100= 200%
ii. Ratio of GDP per capita (low to high wages)
I 5085.24/77024.76 = 0.066 *100 =6.6%
iii. Ratio of GDP per capita (low to middle wages)
5085.24/154192.5 = 0.033 *100=3.3%
In: Economics
A researcher is interested in a possible relationship between height and the time it takes to run a 100 meters. With a random sample of 57 people, the researcher finds a Pearson correlation coefficient r = − 0.492.
Group of answer choices
A. There is a very strong correlation between these variables. As height increases, generally the 100-meter run time decreases.
B. There is a very strong correlation between these variables. As height increases, generally the 100-meter run time increases as well.
C. There is no correlation between these variables. As height increases, there is no general trend in what happens with the 100-meter run time.
D. While not very strong, there is a moderate correlation between these variables. In general, as height increases, the 100-meter run time will also increase.
E. While not very strong, there is a moderate correlation between these variables. In general, as height increases, the 100-meter run time will decrease.
In: Statistics and Probability
ITP100 Project: Part 3 Create the pseudocode solution to a program that calculates the final score and letter grade for one student. Please use the following grading system: 9 Homework Assignments – 100 points each 10 points 11 Quizzes – 100 points each 5 points 5 Projects – 100 points each 10 points 6 Discussion posts – 100 points each 10 points 4 Exams – 100 points each 65 points A = 90 – 100% B = 80 – 89% C = 70 – 79% D = 60 – 69% F = 0 – 59% Modify part 2 of the project by including repetitive structures, functions and input validation (Chapters 5, 6 and 7). Try to reduce your code by reusing functions or modules that perform similar tasks. Do not use arrays.
In: Computer Science
In: Finance
You are asked to value Houston Inc.'s common equity.
Assume that Houston Inc. is a constant growth company with a
required rate of return of 13 percent whose last dividend (D0,
which was paid yesterday) was $2.00, and whose dividend is expected
to grow indefinitely at a 7 percent rate.
a. What is the firm’s expected dividend stream over the next 3
years?
b. What is the firm’s current stock price?
c. What is the stock's expected value 1 year from
now?
d. What are the expected dividend yield, the capital gains yield,
and the total return for Houston Inc. during the first year.
In: Finance