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As a Manager, your goal is to maximize profit of your business. Assume you are in charge of managing your company's costs - you are the Controller of Accounts and all purchases must be approved by you. With appropriate examples, illustrate how you and your Division will contribute to maximizing profit of your business.
Find 90% confidence interval of the true proportion of families who said they ate at least 3 times a week.
Assume total reserves are $1 million, checkable deposits are $5 million, and the reserve requirement is 10 percent. What are the excess reserves? If depositors withdraw their funds and create a shortage of reserves, bankers. Changes in the discount r..
Maisha spends all her income on good X and good Y. As the price of good X increases while the price of the price of good Y remains fixed, Maisha’s price-consumption curve is horizontal. Let the price of good Y be $1 per unit and Maish’s income be M. ..
In 2000, years prior to the growth of organic and natural food, Kellogg’s acquired Kashi Com. By 2008, Kashi sales had grown 24 times! By 2014, Kashi’s sales were down 17% from their peak. Further, it was determined that its cereals contained GMOs re..
In an economy production is characterized by the neoclassical function =K^.5*N^.5. Suppose it has a saving rate of .1, a population growth rate of .02, and an average depreciation rate of .03. Write this production function in per capita form and fin..
787b stimulus bill approvedwashington-less than one month after president obama took office congress last night passed
Given that parking and attendance at ballgames are complements (in consumption). Explain why a rise in parking fees may adversely affect game attendance.
Consider an economy where the production function is Y = K0.5 (LE) 0.5 The depreciation rate is δ = 0.04, the savings rate is s = 0.2, the population growth rate is n = 0.03 and technology growth rate is g = 0.03. What is the ’per effective worker’ p..
1) Alapplications fall into two broad categories virtual reality and medical diagnosis 2) Neural networks are patterned after computer networks, with one computer connected to another
The United States has accrued a public debt of over $19 trillion over the course of its history, which is equivalent to slightly more than the annual nominal GDP of the nation. Come up with and explain at least two ideas in terms of how to reduce the..
All of the following explain why purchasing power parity does not completely explain long−run fluctuations in exchange rates except
Draw a diagram showing how agricultural price subsidy is given to farmers through establishing a price floor. Why economists consider this policy as inefficient? After all we support our farmers and prevent them from becoming bankrupt. Is there a be..
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