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Assess increase in price

An increase in the price level will a. shift the aggregate expenditure function upward b. shift the aggregate expenditure function downward c. result in a movement upward along the aggregate expenditure function d. result in a movement downward along the aggregate expenditure function e. change the slope of the aggregate ex

Labor productivity

A union employer is able to produce a machined part for $8.90 per unit and the cost of one (1) hour of union labor is $26.70. If a non-union employer is able to pay their employees $17.00 per hour and can produce the identical part with 30 minutes of labor, which supplier should you purchase the part from? If the higher cost em

Operation Research

Please see attachment for questions relating to JIT concept and economic order quantity. Thanks.

Stock Market Return Risk Ratio

If you have a certain amount of money invested in the stock market for a moment of time, then there is an expected return on that investment (the stock market goes up on average), and a risk, a variance in that return (the stock market flucuates), both of which are proportional to the amount you have invested. As those moments

Standard deviation

3(a) Daily samples of 100 power drills are removed from Tec Best's assembly line and inspected for defects. Over the past 21 days the following information contained in Table 1 has been gathered. i. Develop a 3 standard deviation (99.7%) confidence p chart and graph the samples. ii. Is the process in control? iii. If not

Product development/advantages and disadvantages

In the early 1990s, Chrysler Corporation placed nearly all decisions about the development of a new vehicle in the hands of a single, cross-functional product team. In contrast, General Motors used an approach that placed a stronger emphasis on functional specialties. Small teams were established that consisted of experts from

marginal value of cookies

The textbook claims that when people do not have to pay anything to use valuable resources, such as urban roadway space, they will continue using them until their value diminishes to zero. That often strikes people who have not yet become thoroughly familiar with the marginal way of thinking as wrong. Why would people choose t

Federal funds rate target

In late June the Fed lowered its federal funds rate target from 1.25% to 1%. However between mid June and early August the yield on longer term 10 year Treasury notes rose from 3.1% to over 4.3%. This shows that Federal Reserve activity is irrelevant to the behavior of long term interest rates" Agree or Disagree with the u

Geometric Mean

Growth rates in real GDP for the past 5 periods are as follows Period % Growth Real GDP 1 +3.5% 2 +4.25 % 3 -2.0% 4 +2.5% 5 +4.5% Calculate the geometric mean rate of growth.

Profit Maximization / Product usage

While Boeing and Airbus make airplanes, GE, Rolls Royce, and Pratt & Whitney make jet engines. Airlines make their deals with the aircraft manufactures on the aircraft they want and then make a deal with the engine manufacturers with respect to the engines for that aircraft. Suppose that Boeing decided that it wished to manu

Bundles and reservation price summary

Five different consumer types exist (A, B, C, D, and E) in equal numbers. They are interested in buying (at most) one of each good at their reservation prices (or at any price lower than their reservation prices). Easter time is approaching and a pet store is contemplating selling bunny rabbits and baby chicks. Parents seem

Calculate GDP

Using the expenditure approach calculate GDP from the following data: - personal consumption expenditures $1556 - net exports $132 - gross private domestic investment $162 - government purchases of goods and services $450 - personal income $1700 - corporate profits $600

Predicting the future course of Fed policy

Suppose the Fed's Beige Book reported that "in South Florida, bookings for the summer tourist season were off to a slower start than last year" and that "tourist counts and revenues were down in Hawaii and Las Vegas and at destinations such as golf schools and luxury resorts in the inter-mountain states and along the West Coast.