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Question: Your study partner asks you, "If central banks lose the ability to use discretionary monetary policy under fixed exchange rates, why would nations agree to a fixed exchange rate system?" How do you respond?
2. Suppose the United States and Japan are the only two trading countries in the world. What will happen to the value of the U.S. dollar if the following occur, other things equal?
a. Japan relaxes some of its import restrictions.
b. The United States imposes some import tariffs on Japanese goods.
c. Interest rates in the United States rise dramatically.
d. A report indicates that Japanese cars last much longer than previously thought, especially compared with American cars.
Nordique Fab is an Arizona company dedicated to circuit board design and fabrication. It has just acquired new workstations and modeling software.
With the knowledge obtained in (c), rederive the dual of the dual and solve it. Discuss the primal and dual solution vectors thus obtained.
Given the following series of numbers, determine the mode for each series. Series A: 50, 45, 55, 55, 45, 50, 55, 45, 55 and Series B: 89, 87, 88, 83, 86, 82, 84.
The formula for the Shapley value is where i is the set of all coalitions S ⊂ N containing i as a member (i.e., i ∈ S). Show that an equivalent formula is
Based on your intuition, what is your overall impression of using the power of crowds in a business setting-strengths/weaknesses, good applications/bad applications, etc.?
How many units of each product are produced to maximize the total profit contribution? What is the projected weekly profit associated with the solution?
The company has developed the following linear programming model to determine the number of ounces of liver (X1) and milk (X2) to include in each jar of baby food to meet the requirements for protein and iron at the minimum cost.
Suppose that the production function takes the form X = min(10L, 5K) and that a competitive firm faces a wage rate of £60 per week and a weekly capital rental.
Alarge bank has increased its annual percentage rate (APR) on credit cards to 30%. This move was necessary because of the "additional risks" faced by the bank.
If the prices of labor and capital are $20 and $60 per unit, respectively, find the least-cost combination of labor and capital for 360, 480, and 600 units of output.
Analysis of the Regressions - Make very specific comments and give reasons regarding any similarities or differences in the output results and which regression produces the strongest correlation coefficient result?
Formulate a linear programming model that can be used to determine a minimum-cost staffing plan for PharmaPlus. Determine the optimal staffing plan using the Management Scientist software, including the number of pharmacists and technicians needed.
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