21. The price elasticity of demand for Dell computers is estimated to currently be –3. Assuming that this estimate is correct, which of the following is true?
A. Total revenue from the sale of its computers will increase this year if Dell raises its prices this year.
B. If Dell lowers the price of its computers, the total revenue from sale of its computers will decrease this year.
C. There will be no effect on its total revenue from the sale of its computers this year if Dell lowers its prices.
D. If Dell lowers the price of its computers, the total revenue from the sale of computers will increase this year.
22. Suppose you run a movie theater and want to increase the total revenue you take in during daytime showings of movies. You can increase your revenue by
A. lowering the price of tickets if the demand for tickets is elastic.
B. lowering the price of tickets if the demand for tickets is inelastic.
C. lowering the price of tickets if the demand for tickets is unit elastic.
D. raising the price of tickets if the demand is inelastic. E. either A or D. 11
23. The long-run supply curve of new automobiles is perfectly elastic. If a 10 percent excise tax is levied on automobiles and collected from manufacturers, then in the long run, other things being equal,
A. the tax will be fully shifted to buyers of automobiles as the market equilibrium price of automobiles increases by 10 percent.
B. the tax will be borne entirely by manufacturers and the net price they receive from selling each automobile will be 10 percent less because of the tax.
C. buyers and sellers of automobiles will share the tax on each automobile.
D. it is not possible to forecast the impact of the tax on the market price of automobiles.
In: Economics
1. According to Sinnot Armstrong and Fogelin, truth is conventional, but language is not.
True
False
2. You would be breaking a syntactic convention if you picked up a grapefruit and said, “This is a mega-lemon.”
True
False
3. The following utterance is a linguistic act: “Buffalo buffalo buffalo”.?
True
False
4. When one performs a conversational act, one…
|
is merely performing a speech act. |
||
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is using a speech act, but failing to cause a standard effect in another. |
||
|
is not using a speech act. |
||
|
x |
is using a speech act to cause a standard effect in another. |
5. When I utter “I congratulate you” I am expressing an explicit performative.
True
False
6. Consider the following conversation:
A: Where is Palo Alto?
B: On the surface of the Earth.
The response by B violates which of Grice’s rules?
|
Quality |
||
|
Quantity |
||
|
Relevance |
||
|
Manner |
7. When two people present arguments to each other to try to justify different claims, they are engaging in a cooperative activity.
True
False
8. Consider the following conversation:
A: Did you like her singing?
B: Her costume was beautiful.
The response by B violates which of Grice’s rules?
|
Quality |
||
|
Quantity |
||
|
Relevance |
||
|
Manner |
9. The following utterance: “Has this seat been taken?” (said in a theater before the show) conversationally implies…
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that the person is offering the seat to another. |
||
|
that the person is curious about how many people will see the movie. |
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that the person would like to sit there. |
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|
that the seats need to be replaced. |
10. The following statement violates which of Grice’s rules?: The senator has the brains of a three-year-old!
|
Quality |
||
|
Quantity |
||
|
Relevance |
||
|
Manner |
In: Psychology
Calculate the expected standard deviation on stock:
| State of the economy | probability of the states | percentage returns |
| Economic recession | 16% | 5% |
| Steady economy | 39% | 9% |
| Boom | Please calculate it | 18% |
Round the answers to two decimal places in percentage form.
In: Finance
3. The bank states that a new car loan with monthly payments is available for three years at an annual interest rate of 9%.
a) What would be the monthly payments on a $23,000 loan?
b) What is the effective annual interest rate (express to two decimals)?
In: Economics
Ticket scalping is illegal in many states because some people think it is unfair to people who wait in the lines. Do you think it is a good idea to forbid ticket scalping? (Ticket scalping wiki link: https://en.wikipedia.org/wiki/Ticket_resale.)
In: Economics
Do you think the current balance of power between the Federal government and the states is appropriately balanced, or is it imbalanced in one way or the other?
Explain why you think so, and, if you think they are imbalanced.
Explain in which direction you think they are imbalanced.
In: Economics
Discuss when a taxable sale occur for sales and use tax purposes.
Who is liable for the tax?
What common exemptions exist for sales and use tax?
How exemption certificates work? In general, what compliance procedures exist in most states?
In: Accounting
. Customs taxes are imposed on exports to protect our natural resources from leaving the country. Also, some states tax natural resources, and some countries restrict and tax the amount of natural resources leaving their country.
True/ False
If, it is false .Why?
In: Accounting
A beginning statistics student claims that he finally understands the meaning of the p-value. When asked to summarize his newly acquired knowledge, he states: "The p-value gives the probability that the null hypothesis is correct." Explain why are agree or disagree.
In: Statistics and Probability
It a radiology report what does it mean when is states "Acute displaced fracture involving the proximal diaphysis of the left femur. Additional fractures not seen, although views are somewhat limited. There is also cortical thickening that is likely sequelae from a previous injury."
In: Biology