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Using what you have researched and studied throughout Modules 1 - 7, write a report addressing a quantitative analysis (QA) project. Here, you are asked to select a business of interest and develop QA best practices that can be developed and implemented to increase revenues and/or to decrease costs. Please provide at least three mathematical examples supporting your recommendations.
This month your vendor invoiced $50,000 in testing charges for your production run. The unit cost for testing is twice as much for each of the first 500 units per month as compared to each unit over 500. If 750 units were shipped to the vendor this m..
Consider a pure exchange market with two goods ( X and Y) and two consumers (1 and 2) with utilities. Draw the edgeworth box diagram for this exchange economy. What would be the competitive equilibrium? Draw the contract curve in the Edgeworth diagra..
Discuss the differences between integrative and distributive bargaining and the conditions in which either or both are used in the negotiation process. Describe Thompson’s Pyramid Model and its relationship to parties in bargaining situations, and wh..
US imports oil at the world price, $35 per barrel. The domestic supply curve in barrels per day is S = 3500000 + 350000P with P in dollars. Domestic demand curve is D = 60,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate h..
Suppose SRAS is horizontal as believed by Keynesian economists and is given by P = 110 and that the aggregate demand curve is P =200-2Q. Now suppose that the SRAS shifts upward from P=110 to P = 115. What will happen to the inflation rate? What will ..
Suppose we observe the following two simultaneous events in the market for beef. First, there is a decrease in the demand for beef due to changes in consumer tastes. And second, there is a reduction in supply due to cattle farmers selling their land ..
Illustrate what should be the production level if the producer operates in a monopolistic competitive market where the cost of software at each possible quantity
Many people enjoy the excitement of living and working in a foreign country, but many others do not want to work in a foreign country, particularly if an assignment is perceived to be very long term or permanent.
Define the “natural rate of unemployment” and show that its two equations are equivalent. What are its causes and what is its significance for public policy? Define “structural unemployment” and explain its causes. Use a labor market diagram to show ..
What are the principles that lawmakers should follow in setting up taxes? Explain the three types of tax structure with respect to income. Which of the three types of tax structure is most fair in your opinion and explain why?
Suppose the government increases education spending by $20 billion. Based on an MPC of 0.75, how much additional consumption will this increase cause? Show your work.
Suppose that you own a 25 year old movie theatre in Micropolis. It has 6 screens and a concession stand. Across town there is a 7 year old movie theatre with 4 IMAX screens and 20 more regular screens. For each of the characteristics listed below, ev..
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