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Event
Market for:
Price for hamburgers has risen; demand for hot dogs is rising.
Hot Dog Buns
The President of the United States has released a statement that unemployment is falling, there is a rise in output in the Country, and manufacturing activity is rising.
Popular Vacation Spots
The Chinese government has decided to subsidize its domestic automobile industry with stimulus money.
Automobiles in China
Manufacturers who use petroleum as an input see prices of crude rising.
Manufactured goods that use plastic as an input
Using the table, for each line item, write a paragraph describing how the market for each specific product will be affected by the associated event. Describe which curve will shift (demand or supply or both), what effect it will have on price (rise or fall in price), and what will happen to quantity (rise or fall in quantity). Each line item requires a paragraph.
An investor purchased 100 shares of Omega common stock at $80 a share plus $20 commission for the transaction. He held the stock for nine years. For the first four years he received annual end-of-year dividends of $6 per share.
a Caribbean wedding was less than $10,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the .05 significance level is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised? 8.6 9.2 10.4..
The balance sheet of a bank follows. Suppose that the reserve requirement is 3 percent on the first 30 million of checkable deposits and 10 percent on checkable deposits in excess of 30 million. Assets: Rerserves $15.9 Loans $150.0 Securities $34...
a)What is the probability that two randomly (and independently) selected applicants will both score less than 450 in this test b) What is the probability that out of two randomly (and independently) selected applicants, at least one will score less..
The state's fish and game department has a capital budget of $9million. What is the government's opportunity cost of capital if ithas the following projects to consider What does this indicateabout which projects should be done
A firm purchases capital and labour in compeitive markets at prices of r= $6/machine-hour and w=$4/ labour-hours, respectively. With the firm's current input mix, the marginal prodcut of capital is 12 kg/ machine-hour
This machine will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its annual net revenues are estimated to be $50,000. To expect a 20% rate of return on investment.
Briefly describe your answer and clearly, showing any necessary computations. Westminster Corporation has had the following experience over the last five quarters:
A firm with costs C(Q) = 1; 000 + 60Q + 0:1Q2 is able to price-discriminate between two groups of customers, with demands Q1 = 3; 000-2p, and Q2 = 350-0:5p respectively. How much does it sell to each group, and at what price
Two different alternatives shown in the table below are being considered by Kal Tech Engineering systems. Assume that alternatives X and Y are replaced at the end of their lives.Data Alternative X Alternative Y Initial Cost $6,000 $1,500Uniform Ann..
The inverse-market demand curve for DRAM chips is P = 50 - Q, where Q is the total industry output and P is the market price. The marginal cost of producing DRAM's is $15. There are no fixed costs associated with producing the chips.
Lube Job. Many gas stations and three specialty shops (Pennzoil, Jiffy Lube and Valvoline) do oil changes in Charleston, WV. You've probably been to one of these and know the productionmethod.
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