Questions
Answer the following questions on price elasticity of demand. a. The price elasticity of demand for...

Answer the following questions on price elasticity of demand.

a.

The price elasticity of demand for MLB tickets is –1.00. What happens to the quantity of tickets sold if ticket prices rise by 5%?

b.

The price elasticity of demand for fried chicken is –0.12. What happens to expenditures on fried chicken following a price increase?

c.

Suppose the demand for insulin is given by QD = 500. What is the price elasticity of demand at P = $100?

d.

What will happen to the price elasticity of demand if there are less substitute goods available?

In: Economics

Describe with example learning organisations processes which know Single-Loop and Double-Loop? Single-Loop: Double-Loop:

Describe with example learning organisations processes which know Single-Loop and Double-Loop?
Single-Loop:
Double-Loop:

In: Operations Management

explain in the Fortran 77 code performance evaluation of evaporative cooler with corrugated fins and spherical...

explain in the Fortran 77 code performance evaluation of evaporative cooler with corrugated fins and spherical fins...

mention it's parameter in Fortran 77 and plot graph using fortran 77

skip it.....if u can't answer it.....

In: Mechanical Engineering

The following table provides two risky assets for you to construct the investment opportunity sets based...

The following table provides two risky assets for you to construct the investment opportunity sets based on the given correlation information.

Constructing investment opportunity sets

Complete the table of Risks and Returns of all the possible combinations.

For each correlation situation, insert a “Mean-Standard Deviation” chart and plotting the investment opportunity sets with varying weights on the two risky assets, then connecting the dots to show the curvature of each investment set.

Given a risk-free of 3%, draw a capital allocation line (CAL) to connect the risk-free rate and the “optimal portfolio” point on each curvature chart.

Please complete on excel and show work

Assets

Expected return

Risk (STD)

A

10%

25%

B

6%

12%

Risk-free

3%

0%

Correlation Coeffiecient between asset A and B
-1 -0.5 0 0.5 1
Weight in Asset A Return of the portfolio (Rp) STD(P) STD (P) STD (P) STD (P) STD (P)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

In: Math

Visualize the initially empty myHeap after the following sequence of operations o myHeap.add(2) o myHeap.add(3) o...

Visualize the initially empty myHeap after the following sequence of operations
o myHeap.add(2)
o myHeap.add(3)
o myHeap.add(4)
o myHeap.add(1)
o myHeap.add(9)
o myHeap.remove()
o myHeap.add(7)
o myHeap.add(6)
o myHeap.remove()
o myHeap.add(5)

In: Computer Science

do you think economists should alter the way they model firm behavior? In other words, do...

do you think economists should alter the way they model firm behavior? In other words, do you think it’s accurate to model firm’s behavior with the assumption that firm’s primary objective is to maximize profit? Explain your answer

In: Economics

On behalf of the company, draft a formal letter to the customers who are rated “Poor”...

On behalf of the company, draft a formal letter to the customers who are rated “Poor” (be creative). Use another worksheet for this. Please follow the rubrics

In: Operations Management

Business Law Case Scenario: Ashley met Adam at a party and after a couple of drinks;...

Business Law

Case Scenario:

Ashley met Adam at a party and after a couple of drinks; Ashley found out that Adam is in the business of selling education products.

Compare and contrast the different liabilities for Ashley and Adam in each of the following different situations, where Ashley is buying, and Adam is selling and they are about to or have entered into a contract.

Q# a. Both parties discussed their intentions and Ashley stated what kind of education products she was interested in. However, they parted ways after that. Ashley said later that there was no contract between them but Adam stated that Ashley has already reserved the products she wanted with him.

(Please recommend any books for further more study), Thank You.

In: Economics

Define Porter's competitive forces model and explain how it works. Include a description of the five...

Define Porter's competitive forces model and explain how it works. Include a description of the five competitive forces in this discussion, giving examples.

In: Operations Management

MUST ANSWER EVERY PART In each of the following situations, Emma is in the exact center...

MUST ANSWER EVERY PART

In each of the following situations, Emma is in the exact center of a glass-sided fright car speeding to the right at a very high speed v relative to you. For each question, explain your reasoning.

Emma has a flashlight in each hand and directs them at the front and rear ends of the freight car. She then switches the flashlights on at the same time.

In Emma�s frame of reference, which beam of light travels at a greater speed, the one directed toward the front or the one directed toward the rear of the train, or do they travel at the same speed?

In Emma�s frame of reference, which end, front or rear, is struck by light first, or are they struck at the same time? Which end is struck first in your frame of reference?

In: Physics

An educational researcher wishes to know if there is a difference in academic performance for college...

An educational researcher wishes to know if there is a difference in academic performance for college freshmen that live on campus and those that commute. Data was collected from 267 students. Can we conclude that freshman housing location and academic performance are related? Location Average Below Average Above Average Total On campus 89 29 27 145 Off campus 36 43 43 122 Total 125 72 70 267 Copy Data Step 2 of 8 : Find the expected value for the number of students that live on campus and have academic performance that is average. Round your answer to one decimal place.

In: Math

Regulation of the lac operon is under both negative and positive control. Describe how these two...

Regulation of the lac operon is under both negative and positive control. Describe how these two transcriptional control mechanisms regulate expression of the lac operon in the presence of glucose and/or lactose.

In: Biology

A high carbon steel shaft is used in an engine and subjected to different loads. In...

A high carbon steel shaft is used in an engine and subjected to different loads. In order to
analyse the stress in the shaft, consider a rectangular element within the material. This
element is subjected to compressive stress of 135 MPa and shear stress of 166MPa in the
vertical direction. The compressive stress in the horizontal direction is 176MPa with a shear
stress of 115MPa.
a. Sketch the state of stress on this element.
b. Determine the maximum and minimum normal and shear stresses and their plane of
orientation.
c. If the yield strength of the material is 350MPa, Poison’s ratio is 0.32, and factor of
safety is 5, determine the diameter of the shaft to avoid failure.
d. What will be the difference in the analysis above if there is an additional torsional
load (T) and bending moment (M).
e. Show how you can use any theory of failure to design this shaft.
f. What are the challenges of applying the theories of failure in actual engineering
practice and as a design engineer, how would you deal with these challenges.

In: Mechanical Engineering

(Python) How would I add this input into my code? "Enter Y for Yes or N...

(Python) How would I add this input into my code? "Enter Y for Yes or N for No:" as a loop.

def getMat():
mat = np.zeros((3, 3))
print("Enter your first 3 by 3 matrix:")
for row in range(3):
li = [int(x) for x in input().split()]
mat[row,0] = li[0]
mat[row,1] = li[1]
mat[row,2] = li[2]
print("Your first 3 by 3 matrix is :")
for i in range(3):
for k in range(3):
print(str(int(mat[i][k]))+" ",end="")
print()
return mat

def checkEntry(inputValue):
try:
float(inputValue)
except ValueError:
return False
return True

print('Enter first matrix: ')
mat1 = getMat()

print('Enter second matrix: ')
mat2 = getMat()

print('Select a Matrix Operation from the list below:')
print('a. Addition')
choice = str(input())

while choice != 'e':
if choice == 'a':
print('You selected Addition. The results are: ')
res = mat1 + mat2

In: Computer Science

Net Present Value Method, Internal Rate of Return Method, and Analysis The management of Quest Media...

Net Present Value Method, Internal Rate of Return Method, and Analysis

The management of Quest Media Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows:

Year Radio Station TV Station
1 $270,000 $570,000
2 270,000 570,000
3 270,000 570,000
4 270,000 570,000
Present Value of an Annuity of $1 at Compound Interest
Year 6% 10% 12% 15% 20%
1 0.943 0.909 0.893 0.870 0.833
2 1.833 1.736 1.690 1.626 1.528
3 2.673 2.487 2.402 2.283 2.106
4 3.465 3.170 3.037 2.855 2.589
5 4.212 3.791 3.605 3.352 2.991
6 4.917 4.355 4.111 3.784 3.326
7 5.582 4.868 4.564 4.160 3.605
8 6.210 5.335 4.968 4.487 3.837
9 6.802 5.759 5.328 4.772 4.031
10 7.360 6.145 5.650 5.019 4.192

The radio station requires an investment of $819,990, while the TV station requires an investment of $1,627,350. No residual value is expected from either project.

Required:

1a. Compute the net present value for each project. Use a rate of 10% and the present value of an annuity of $1 in the table above. If required, use the minus sign to indicate a negative net present value. If required, round to the nearest whole dollar.

Radio Station TV Station
Present value of annual net cash flows $ $
Less amount to be invested $ $
Net present value $ $

1b. Compute a present value index for each project. If required, round your answers to two decimal places.

Present Value Index
Radio Station
TV Station

2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and (b) using the present value of an annuity of $1 in the table above. If required, round your present value factor answers to three decimal places and internal rate of return to the nearest whole percent.

Radio Station TV Station
Present value factor for an annuity of $1
Internal rate of return % %

3. The net present value, present value index, and internal rate of return all indicate that the   is a better financial opportunity compared to the  , although both investments meet the minimum return criterion of 10%.

In: Accounting