Could you explain the similarities and differences between GDP and national income? Would you define Gross Domestic Product and Gross National Product. Then answer the following question: Why would a Honda manufactured in Ohio be included in U.S. GDP, while a General Motors vehicle manufactured in Mexico would not? Finall
Bob buys milkshakes and hamburgers. The price of a milkshake is 5 dollars, and the price of a hamburger is 1 dollar a burger. Each month, Bob spends all of his income and buys 10 milkshakes and 20 hamburgers. Next month the price of a milkshake will fall to three dollars and the price of a hamburger will rise to 2 dollars. U
Consider an industry in which two firms are producing a product. Assume that the two firms are current "colluding together" to set price so to maximize the industry profit. At this collusive price, the industry profit is $100 million - and that profit is split evenly between the two firms. Assume also that if one firm were to
Mergers and P/E Ratios. Castles in the Sand currently sells at a price-earnings multiple of 10. The firm has 2 million shares outstanding, and sells at a price per share of $40. Firm Foundation has a P/E multiple of 8, has 1 million shares outstanding, and sells at a price per share of $20. a. If Castles acquires the oth
If industries are engaging in a tit for tat strategy how would an observer/analyst "prove" it? Is there a model or mathematical formula (that's easy to follow?) I am comparing tit for tat pricing strategy between Ford and GM I have the success factors and Prisoner's Dilemma context setting. I only need a model or math
A Monopolist's Demand and Total Cost functions are: P= 1624 -4Q TC= 22,000 + 24Q -4Q(squared) + 1/3Q (to the third power) Where Q is output produced and sold a. At what level of output and sales (Q) and price (P) will Total Profits be maximized? b. At What level of output and sales (Q) and price (P) will Total Rev
The number of cars arriving at Joe Kelly's oil change and tune-up place during the last 200 hours of operation is observed to be the following: Number of cars arriving Frequency 3 or less 0 4 10 5 30 6 70 7 50 8
The following four questions need to be addressed with regards to each problem. 1. What financial concept or principle is the problem asking you to solve? 2. In the context of the problem, what are some business decisions that a manager would be able to make after solving the problem? 3. Is there any additional infor
An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows: Quantity Price ($) Adults Children 5 15 20 6 14 18 7 13 16 8 12 14 9 11 12 10 10 10 11 9 8 12 8 6 13 7 4 1
The __________ is the ratio of __________ to the _____________. a standard deviation; covariance; expected value b coefficient of variation; expected value; standard deviation c correlation coefficient; standard deviation; expected value d coefficient of variation; standard deviation; expected value e
Please provide definitions of the following: Expected Value, Amortization, Cash Flows
Fixed capital and labor expenses are $1.2 million per year. Variable expenses average $2,000 per van conversion. Q=1,000 - 0.1P where Q is the number of van conversions (output) and P is price. Calculate the profit maximizing output, price and profit levels.
When a firm estimates the demand for its product what data collection problems would you anticipate having. For example, at GM how hard is it to list the non-price determinate of demand for its cars? Can they obtain the right set of data? How would they collect the data? What would cause errors in their comparative statistic
What motivates people in the marketing industry using incentives, opportunity cost, normative and empirical economics and marginal analysis and marginal benefits?
1) A goal of many waiting line problems is to help a firm find the ideal level of services that minimize the cost of waiting and the cost of providing the service. True or False 2) One difficulty in waiting line analysis is that it is sometimes difficult to place a value on customer waiting time. True or False 3) A
A survey of top executives revealed that 35% of them regularly read Time magazine, 20% read Newsweek, and 40% read US News and World Report. Ten percent read both Time and US News and World Report. a)What is the probablility that a particular top executive reads either Time or US News and World Report regularly? Show th
Three defective electric toothbrushes were accidentally shipped to a drugstore by Cleanbrush Products along with 17 nondefective ones. a.) What is the probability the first two electric toothbrushes sold will be returned to the drugstore because they are defective? b.) What is the probability the first two electric toot
The following chart shows the hourly wages of a sample of certified welders in the Atlanta,Georgia, area. a. How many welders were studied? b. What is the class interval? c. About how many welders earn less than $10.00 per hour? d. About 75 percent of the welders make less than what amount? e. Ten of the welders studied m
If there are an increase in interest rates will it be associated with increase in oil prices? If so, what is the connection? (I want more of a written than mathematical explanation if possible).
You can see the notes that are attached. Please solve the following problems based on the notes. 1. Assume that the disutility of travel for consumers arrayed uniformly along a "Hotelling" line is not t as discussed in class, but t2, (i.e. the utility of a consumer for the product is: Utility(Product i) = 3 - (ideal
Please assist and show steps. An industry consists of 5 firms, with sales of $100,000, $500,000, $400,000, $300,000, and $200,000. Now, suppose the largest and smallest firms merge. -Calculate the four-firm concentration ratio (C4) before the merger. -Calculate the Herfindahl-Hirschman index (HHI) before the merger. -C
See the attached file as equations are contained within the Word file. Consider the following function: (see file) where a > 0 is a parameter. 1. Find the first order condition for a critical point of this function. 2. Is this a maximum or a minimum or an inflection point? 3. Solve for x* (a), the maximizer of the fun
You are based in Switzerland. You own two call options both maturing in one year: call option to buy USD at strike 1.2200 CHF/USD and call option to buy EUR at strike 1.5200 CHF/EUR. Spot CHF/USD is 1.2255 and spot CHF/EUR is 1.5255. Which of the option costs more?
B. Assume there are only two assets in a portfolio. If this portfolio has a positive weight for each asset, can its (portfolio.s) variance be greater than the variance of returns on the asset in the portfolio that has the higher variance of the two? Explain. Can the variance of the portfolio be smaller than the variance of retur
Access the web-site http://www.Economagic.com. Click on "Most Requested Series" Required 1. Compute Per Capita Real GDP using 4th Quarter data for the period 1991 - 2000. (see Real Gross Domestic Product and Total U.S. Population) 2. Plot Time Series Per Capita Real GDP
Gross Domestic Product (example problem) Nominal Real GDP Per Capita GDP GDP Deflator Inflation Real GDP Population Year ($Billions) ($Billions) (1982 = 100)
I need help with this problem. I've been working on it for a while and unable to solve it. I need to understand how to solve this problem through examples. With step by step breakdown to fully complete the problem. Thank you for your help it is greatly appreciated!
Help to clarify matrices, Jacobian, quasi-concavity, Hessian, and Kuhn-Tucker conditions is provided.
Apply matrices, Jacobian, quasi-concavity, Hessian, Kuhn-Tucker conditions 1. (a) Given that ƒ(x, y, u, v) = 0 and g(x, y, u, v) = 0, determine ∂u/∂x, ∂u/∂y, and ∂v/∂y. (b) Given that u = ƒ(x,y) and v = g(x,y), prove that there exists a functional relationship between u and v of the form ø(u,v) = 0 if and on
Matrices, Jacobian, quasi-concavity, Hessian, Kuhn-Tucker conditions *******NOTE********** 1 (iii) is (n-2)2 as in "n" minus "2" Squared.. just in case it caused some confusion. Sorry