Which of the following statements about the sticky wage theory of the short-run aggregate supply curve (SRAS) is (are) correct?
(x) Wages are “stuck” because contracts typically require that input prices must change at the same rate as output prices in order to keep firms from increasing profits as they increase production.
(y) Wages and other input prices are “sticky” because contracts fix some input prices and firms are unable to change the input prices they face as output prices are changing.
(z) The sticky wage theory of the short-run aggregate supply curve says that when the price level rises
more than expected, real wages fall because nominal wages are increasing at a slower rate than the price level.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

Which of the following statements about the sticky price theory of the short-run aggregate supply curve (SRAS) is (are) correct?
(x) Because not all prices adjust instantly to changing conditions, an unexpected fall in the price level leaves some firms with higher-than-desired prices, and these higher-than-desired prices depress sales and induce firms to reduce the quantity of goods and services they produce.
(y) The sticky price theory of short-run aggregate supply says that when the price level falls unexpectedly, some firms will have higher than desired prices which depresses their sales.
(z) An increase in aggregate demand will cause an increase in price in the output market. Sticky input prices will force firms to take losses since they can’t increase the prices of inputs that are used in the production of the output.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

4. Which of the following statements about the misperceptions theory of the short-run aggregate supply curve (SRAS) is (are) correct?
(x) The theory is used to explain the upward sloping SRAS curve since an increase in prices, ceteris paribus, will increase the output supplied in the short run.
(y) The theory says that if the price level increases more than people expect, firms believe that the relative price of what they produce has increased, so they increase production.
(z) Suppose the price level falls but suppliers only notice that the price of their particular product has fallen. Thinking there has been a fall in the relative price of their product, they cut back on production of their product.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (z) only

1) write three paragraph some of the greatest in science and society of the end of the 19th and the beginning of the 20th century. then choose one of the discussed luminaries (Either Albert Einstein, Charles Darwin, Marie Curie, OR Sigmund Freud) write what they did to change the world. ( this is a history question )

How does money make an economy more productive?

XYZ Company is a reputable manufacturer of various especially electronic items. Jay Carter, a recent MBA graduate, has been hired by the company in its finance department.

On of the major revenue-producing items manufactured by the XYZ is smartphone. The company currently has one smartphone in the market and sells has been excellent. The smartphone is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffett music. However, as with any electronic item, technology changes rapidly, and the current smartphone has limited features in comparison with newer models.

The company can manufacture the new smartphone for $300 each in variable costs. Fixed costs for the operation are estimated to run $5.1 million per year. The estimated sales volume is 64,000, 106,000, 87,000, 78,000, and 54,000 unit per year for the next five years, respectively.

The unit price of the new smartphone will be $485. The necessary equipment can be purchased for $31 million and will be depreciated on a seven-year MACRS schedule (Use Table A-1 below). It is believed the value of the equipment in five years will be $5.5 million.

Net working capital for the smartphones will be one time at $5,000,000 at the beginning of the project (time zero). XYZ has a 35% corporate tax rate and required return of 12%.

Jay was asked to prepare a report that answer the following questions:

1. What is the project NPV?
2. What is the Project IRR?
3. What is the payback period of the project?
4. What is profitability index of the project?
5. How sensitive is the NPV to change in the price of the new smartphone (assume that the price goes done to $370)?
6. How sensitive is the NPV to change in the quantity sold (assume that quantity reduce by 10%)?

Part 2- (25 Points)

1. What is a break-even (quantity)?
2. If the total interest payment be $150,000, what are the degrees of operating and financial leverage?

Assume that the company has the following capital structure:

What will be the cost of capital if the company decide to raise the needed capital proportionally and with following costs? Please use the following information to calculate the weighted cost of capital:

1. Bond:

A 30-year bond with a face value of $1000 and coupon interest rate of 13% and floatation cost of $20 (Tax is 35%)

2. Preferred stock:

Face value of $35 that pays dividend $5 and floatation cost of $2

3. Common stock:

Market value of $54 with floatation cost of $3.5. Last dividend was $6. The dividend will expect to grow at 7%.

Uses the new cost of capital, calculate the NPV and IRR?

List and summarize the community corrections programs that address minimizing risk to public safety. What are some of the graduated sanction options available for probation violators? How can residential community corrections facilities use technological advances to monitor offenders when they leave the facility? Do you believe that monitoring using GPS may one day replace prisons? Why or why not?\

Subject: Cognitive Psychology

Scenario:

Recall a favorite vacation/trip. Someone wants to visit the same location. As a first time traveler, they are very apprehensive and your information may help ease the fear. S/he or they want to know specific details about the following: travel to that destination, the hotel you stayed at, your favorite restaurant(s), and popular venues from that destination. They also want to know the distance from the hotel to each restaurant and venue, to plan accordingly.

S/he requests that you draw out a map of the environment When remembering your vacation details for your friend, incorporate the information below in your response. Please define terms in your own words (do not copy and paste) using complete sentences

Components:

Describe the complexity of the problem. How did you use visual and auditory imagery to help resolve the problem? How did you use cognitive mapping to resolve the problem? What types of problem-solving approaches did you attempt in solving the problem? How will you apply visual and auditory imagery to problems in the future?

5. The amount of imports under completely free international trade can be calculated as:

A. quantity supplied minus quantity demanded, at the domestic market equilibrium price.

B. quantity demanded minus quantity supplied, at the prevailing world price.

C. quantity demanded minus quantity supplied, at the domestic market equilibrium price.

D. domestic quantity supplied minus quantity demanded, at the prevailing world price.

6. A tariff is a _______, and it is shown on the demand and supply diagram as _______.

A. tax on imports; an upward shift of the world supply curve

B. tax on exports; an upward shift of the world supply curve

C. tax on exports; a downward shift of the world supply curve

D. tax on imports; a downward shift of the world supply curve

7. Which of the following is NOT one of the results of a tariff?

A. The domestic quantity supplied rises.

B. The domestic quantity demanded falls.

C. The total gains from trade rises.

D. The amount of imports falls.

8. A tariff is a tax that consumers pay to the government. What impact does the act of paying this tax have on total gains from trade?

A. It reduces total gains from trade because consumer surplus falls as a result of the tax payment.

B. It has no impact because tariffs are also paid by producers, so the two payments cancel each other out.

C. It has no impact because the gains from trade are transferred from consumers to the government.

D. It increases total gains from trade because the government earns tax revenue.

9. As a result of a tariff, domestic consumption _______, and this causes total gains from trade to _______.

A. rises; fall

B. rises; rise

C. falls; fall

D. falls; rise

Using the following information ... to forecast the incremental expected Profit or Loss from the new clinic.

Generic Hospital is contemplating the opening of a clinic in an underserved rural community. The marketing people project 5,000 office visits in year one with an average charge of $100 per clinic visit. The consensus is that half of the visits will be Medicare patients with an average payment of $50 per visit. Thirty percent (30%) of the visits are expected to be from patients insured with BC with the expectation for payment set at 80% of the average charge. Another 15% of the patients will have some form of Medicaid coverage with an expected payment of $20 per visit. The remaining patients are expected to be bad debt and charity care with no payment. The expenses consist of $120,000 for salary and benefits. This covers one nurse practitioner and one all purpose assistant. The office lease, insurance, and other fixed costs are projected to be $60,000 per year. The hospital would borrow $20,000 (Debt) from the Bank to buy used Equipment to outfit the office. The interest on the loan would be $1,500 in year one. The equipment to outfit the space cost $20,000 and has an expected useful life of 5 years. The variable cost for such items as supplies, forms, and postage is estimated at $10.00 per visit. Assuming no allocation of any corporate overhead, compute the forecasted year 1 profit or loss.

(do not to confuse Balance Sheet items with those needed to prepare a forecasted P&L)

Prompt 1: What do you personally want to see in an organization's culture? This can be written in first person. Explain the type of environment you personally think would represent a positive, successful organizational culture, where you would want to work and, if you were, manager, what would do to create that desired culture.

Topic: “Is there a different between teacher’s and parents’ perceptions of what constitutes effective school-to-home communication?”

Ho: this is the currently accepted statement that there is no significant difference between teachers and parents’ perceptions of what constitutes effective school-to home communication.

Ha: this is my research hypothesis that is making the statement that there is a significant difference between teacher’s and parents’ perceptions of what constitutes effective school-to-home communication.

Ho & Ha are opposite mathematically, thus the possible outcomes of this investigation is to

1. Reject the null hypothesis
2. Fail to reject the null hypothesis

How do the findings fail to reject or reject the null hypothesis?

1. Test Statistic- to calculate from sample data
2. Statistically Significant- making a decision
3. Level of Confidence- C- 95% , 99%

Now that you are thinking about graduate school and signaling vs. human capital; What do you think explains the fact that law schools accept students with a wide array of majors while medical school typically requires students to have a specific science based major? Write a brief response using the language of signaling vs. human capital.

Evaluate the following: The rise in the relative cost of education and health care is evidence of the inefficiency of these sectors of our economy.