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A very large organisation undertook a survey of their employees. They wanted to know what proportion of employees would use an office crèche if made available. 14% of employees were found to have children younger than school age and so could use a crèche. Of these employees, 31% then indicated they would use an office crèche if made available. What proportion of the organisation's employees would use an office crèche (as a decimal to 3 decimal places)?
Consider the following investment project with a useful life of 8 years. The marketing department estimates that 10,000 units of the proposed product can be sold per year. Verify that the project is economically attractive (before-tax) at a 12% MARR ..
Suppose you were manager of restaurant and you were told honestly that a couple eating dinner has just seen a mouse, what would you say to them, how would you recover from this service crisis.
Explain how the Lourve Accord represented a type of exchange-rate system. What is the principal responsibility of a currency board? What are the three main restrictions on a currency board that make it different from a typical bank?
There are d democrats and r republicans voting in the US Presidential election. Each person decides whether to vote or not vote. The voters get a payoff of 2,1,0 if their preferred candidate wins, ties, or loses (respectively). Voters that vote incur..
Illustrate what do you think are the defining characters of a science. does the study of the economy have these characteristics.
Given that X has a discrete uniform distribution that can have values from -2 to +2, how would I calculate the mean of X?
Competitive free marketplaces maximize the utility of those who participate in them; they also maximize society's total utility.
Some people seem to believe that there are goods for which the law of demand is irrelevant, goods that people just “can’t do without.” Why do economists believe that the law of demand applies to all goods. What are its implications for your firm’s pr..
Dusty derives utility from 3 goods: music (M), wine (W), and cheese (C). His utility function is given by: u(M,W,C) = M + 2W + C. Show that Dusty’s MRS of wine for cheese is constant for all values of W and C on the indifference curves calculated in ..
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them?
A. What strategies can you use to ensure ease of reading in your emails and other digital communications? B. What strategies can you use to show respect for the time of others? C. Explain the neutrality effect and negativity effect in digital communi..
Assume that the low-calorie frozen, microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decision
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