1. In the Deep Creek Mining Company example described in this chapter (Table 7.1), suppose again that labor is the variable input and capital is the fixed input. Specifically, assume that the firm owns a piece of equipment having a 500-bhp rating. a. Complete the following table:

b. Plot the (i) total product, (ii) marginal product, and (iii) average product functions. c. Determine the boundaries of the three stages of production.

6. Consider that following short-run production function (where L = variable input, Q = output): Q = 10L – 0.5 L2
Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $20...

...Week4 Homework
Solutions: Problem Set 4
1. Determining Profit or Loss from an Investment. Three years ago, you purchased 150 shares of IBM stock for $88 a share. Today, you sold your IBM stock for $103 a share. For this problem, ignore commissions that would be charged to buy and sell your IBM shares.
a. What is the amount of profit you earned on each share of IBM stock? The profit on each share of IBM stock was $15. $103 priced when each share was sold, $88 priced when each share was purchased = $15.
b. What is the total amount of profit for your IBM investment? The total profit for the IBM transaction was $2,250. $15 profit per share x 150 shares = $2,250.
2. Calculating Rate of Return. Assume that at the beginning of the year, you purchase an investment for
$8,000 that pays $100 annual income. Also assume the investment’s value has decreased to $7,400 by the end of the year.
a. What is the rate of return for this investment?
Step 1 subtract the investment’s initial value from the investment’s value at the end of the year.
$7,400 – $8,000 = $600 (negative)
Step 2 add the annual income and the amounts from Step 1.
$600 (negative) + $100 = $500 (negative)
Step 3: divide the total dollar amount of return (Step 2) by the original investment
$500 (negative) ÷ $8,000 = .0625 (negative) = 6.25% (negative)
b. Is the...

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EXERCISES and PROBLEMSWEEK4
XACC/291C PRINCIPLES of ACCOUNNTING 2
3/15/14
E10-6
Payroll Tax Expense = 352.16
FCIA Taxes Payable = 198.40
Federal Unemployment Taxes Payable = 19.84
State Unemployment Taxes Payable = 133.92
(to record payable taxes for the week)
E10-8
1. True
2. True
3. False – when seeking long-term financing, an advantage of issuing bonds over issuing common stocks is that tax saving results.
4. True
5. False – unsecure bonds are also known as debenture bonds.
6. False – bonds that mature in installments are called serial bonds.
7. True
8. True
9. True
10. True
E10-18
A.
Jan 1
Cash - $562,613
Discounts on Bonds Payable - $37,387
Bonds Payable - $600,000
(to record sale of bonds at discount)
B.
July 1
Bonds Expense - $28,131
Discounts on Bonds Payable - $1,131
Cash - $27,000
(to record payment of bond interest and amortization of bond discount)
C.
Dec 31
Bond Interest Expense - $28,187
Discounts on Bonds Payable - $1,187
Bond Interest Payable - $27,000
(to record account bond interest and amortization on bond discount)
P10-3A
A.
May 1
Cash - $600,000
Bonds Payable - $600,000
(to record sale of bonds at face value)
B.
Dec 31
Bonds Interest Expense - $27,000
Bond Interest Payable - $27,000
(to record bond interest)
C.
Newby Corp.
Balance Sheet
Long-Term Liabilities
Bonds Payable...

...ECO 550 WEEK 2 CHAPTER 3 AND CHAPTER 4PROBLEMS
download here
Chapter 3: Problems 3, 4, and 7
3. The Olde Yogurt Factory has reduced the price of its popular Mmmm Sundae from $2.25 to $1.75. As a result, the firm’s daily sales of these sundaes have increased from 1,500/day to 1,800/day. Compute the arc price elasticity of demand over this price and consumption quantity range.
4. The subway fare in your town has just been increased from a current level of 50 cents to $1.00 per ride. As a result, the transit authority notes a decline in rider-ship of 30 percent.
a. Compute the price elasticity of demand for subway rides.
b. If the transit authority reduces the fare back to 50 cents, what impact would you expect on the ridership? Why?
7. In an attempt to increase revenues and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is −1.5 and the advertising elasticity of demand is +0.6, would you expect an increase or decrease in total revenues?
Chapter 4: Problems 5, 6, and 7
5. General Cereals is using a regression model to estimate the demand for Tweetie Sweeties, a whistle-shaped, sugar-coated breakfast cereal for children. The following (multiplicative exponential) demand function is being used:
6. The demand for haddock has been estimated as log + b log...

...
This file of BUS 640 Week4 Market Structures and Pricing Decisions Applied Problems comprises:
Market Structures and Pricing Decisions Applied Problems. Please, complete the following 2 applied problems in a Word or Excel document. Show all your calculations and explain your results. Submit your assignment in the drop box by using the Assignment Submission button.
1. What is the profit-maximizing price and output level? Solve this algebraically for equilibrium P and Q and also plot the MC, D and MR curves and illustrate the equilibrium point.
Since the business has a patent over the item, it can act as a monopolist while determining its profit maximizing level of output and price.
Business - General Business
Market Structures and Pricing Decisions Applied Problems . Please, complete the following 2 applied problems in a Word or Excel document. Show all your calculations and explain your results. Submit your assignment in the drop box by using the Assignment Submission button.
A small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is protected by a utility patent. The market demand curve for this product is estimated to be: – 25P where Q is the number of plate covers per year and P is in dollars. Cost estimation processes have determined that the firm’s cost function is represented by +...

...Week4 Practice Problems
11. List the five steps of hypothesis testing, and explain the procedure and logic of each
Step 1: During this step of hypothesis testing, the query is stated again as a research theory and a null theory regarding the populations. The null and research hypothesizes are the opposites of each other. This step is necessary because it explains the theory and recognizes the populations, which will be worked throughout the study.
Step 2: During this second step, the characteristics of the comparison distribution is determined. In instances that the null theory is correct, the comparison distribution is compared to the score depending on the sample’s outcomes.
Step 3: During this third step, the cutoff sample score on the comparison distribution at which the null hypothesis should be rejected is determined (Aron, Aron, and Coups, 2009). Here a researcher rejects the null hypothesis if the point of the cutoff sample score reaches or exceeds the sample score. If the null hypothesis is true the Z score is set as a score, which is actually unlikely.
Step 4: This is the step in which the test’s sample results are gathered and the sample’s score on the comparison distribution is determined.
Step 5: Lastly, this is when the decision whether the null hypothesis is rejected or not is made. A researcher either declares the test invalid or rejects the null hypothesis by comparing the cut off z score...

...CLICK TO DOWNLOAD
MAT 540 Week4 Homework
Chapter 15 problems
2. The manager of the Carpet City outlet needs to make an accurate forecast of the demand for SoftShag carpet (its biggest seller).If the manager does not order enough carpet from the carpet mill,customers will buy their carpet from one of Carpet City’s many competitors. The manager has collected the following demand data for the past 8 months:
Month Demand for Soft Shag Carpet (1,000 yd.)
1 8
2 12
3 7
4 9
5 15
6 11
7 10
8 12
a. Compute a 3-month moving average forecast for months 4 through 9.
b. Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of 0.55,0.33,and 0.12 to the months in sequence, starting with the most recent month.
c. Compare the two forecasts by using MAD. Which forecast appears to be more accurate?
6. The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline nextmonth so that the proper number ofgallons can be ordered from the distributor.The owner has accumulated the following data on demand for unleaded gasoline from sales during the past 10 months:
Month Gasoline Demanded (gal.)
October 800
November 725
December 630
January 500
February 645
March 690
April 730
May 810
June 1,200
July 980
a. Compute an exponentially...

...Strategic Choice and Evaluation
In today’s businesses it is important that companies evaluate all areas of operation to ensure their success. Each area of a business should implement some type of strategic plan that sets the platform of how the company will be successful. Innovative ideas are an important part of making certain the company remains a leader in the market. Being innovative requires Progressive Insurance to strategize in all departments. In order to meet objectives for the Progressive Insurance evaluation of different strategies will be analyzed. Value disciplines, generic strategies, and grand strategies will be analyzed to determine which is best for the success of Progressive.
Value Discipline
Value discipline is the belief that a company must strategize while “delivering superior customer value through three value disciplines: operational excellence, customer intimacy and product leadership” (Pearce & Robinson, p.198). Value discipline is mostly important to valuing the customers that utilize the company. One discipline that is expressed is operation excellence. Operational excellence are strategies that focus on distribution of products and services. Companies who utilize this discipline main focus is to reduce overhead cost and reducing internal expenses to focus on efficiency and reliability (Pearce & Robinson, 2013). Another value discipline is customer intimacy. Customer intimacy formats products and services to meet the needs of the...

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Problem Solving
Yvonne Espinoza
BEH/225
October 10, 2014
Nancy Russell
Q: Complete the Problem Solving Simulation located on the student website and answer the following:
Describe the different strategies you used to try to solve the simulation.
What obstacles did you encounter while trying to solve it?
If you solved it, how long did it take?
If you did not solve it, how much time and effort did you contribute before giving up?
1. The first strategy that I used to solve the situation was “solutions by understanding,” which is a deeper understanding of the nature of the problem. (Coon et al. 2013). The reason I used this strategy was because I knew that I had to see how to get all the animals to the other side of the river without them eating each other. In doing so I had to think about the different ways to which I was going to cross the river and not allow the cat stay with the dog or the cat stay with the mouse because this would cause them to eat one another. Another strategy I used was insight, and I say this because I solved this problem almost instantly. Right after the second try, I questioned myself as to why I had not solved it the first time, and it was simply my lack of attention to detail.
2. I actually have to admit that the only difficulty I had in solving the simulation was having to think about who I was going to start with taking over to the other side of the river, so that none...