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A school grades with the following system based on z scores.
A = z > 2
B = z < 2 and >/= 1
If a class of 10 students take a quiz and half get a 90 and half get a 92, the mean is 91 and the standard deviation is 1.05. What are their letter grades using this system?
Discuss the conditions under which the Federal Reserve influences the value of the dollar. Included in your answer MUST be an examination of how/why the Federal Reserve would sell dollars to banks ans well as how/why the Federal Reserve would buy dol..
Suppose that initially the quantity demanded for good X was 98 units per week. When incomes rise by 5% quantity demanded becomes 102 units per week. Use the midpoint method to calculate the income elasticity of demand for good X. What type of good is..
Suppose the one-year interest rate on Swiss France is 10% and the US Dollar interest rate is 12% and the current $/SF spot rate is 0.8. What do you expect the 12-month forward rate by using the interest rate parity? Suppose the actual 12-month forwar..
Assume that Wal-mart is the only employer of retail workers in a small town in Indiana. As a local non-discriminating monopsonist, Wal-mart faces a labor supply curve given by: Find Wal-Mart’s Total Labor Cost and Marginal Cost.
The machinery has a salvage value of 5% of its initial cost. Interest is 10%. What is the future worth of cost of the machinery?
An industry consists of three firms with sales of $175,000, $555,000, and $205,000. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer. Calculate the four-firm concentration ratio (C4).
Now assume the following specific demand equation: p = 9 – 0.3q; r = 0.1; R= 80; mc = 2. Suppose the resource price is currently $3 per unit. What is the equation of MR? What is the specific MR corresponding to the initial point characterized by p = ..
What is the present worth of a series of equal payments of $5000 made every two years for the following time frames? The nominal interest rate is 8%. For a period of 40 years? In perpetuity?
An item is up for auction. Player 1 values the item at 3 while player 2 values the item at 5. Each player can bid either 0,1, or 2. If player i bids more than player j then i wins the good and pays his bid, while the loser does not pay. Now consider ..
Why is the accounting process a common area of business mismanagement, both legally and ethically?
Graph the supply and demand curves in this market. Be sure to put the quantity (Q) on the horizontal axis and the price (P) on the vertical axis. You may use quantities two (Q = 2) through eighteen (Q = 18) by units of one (1) for your graph. What is..
Assume she cannot borrow or lend in any way, and U(c1,c2) = c1*c2; what would be your advice regarding her consumption decisions for the two periods of analysis
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