Economics and management

8. The difference between the short-run and the long-run production function is: A. three months or one business quarter B. the time it takes for firms to change all production inputs C. the time it takes for firms to change only their variable inputs D. more information is required to answer ...continues

Economics and management

13. If an oligopolistic firm decides to raise its price. A. other firms will automatically follow B. none of the other firms will follow c. other firms may follow if it is the price leader D. only some of the firms will follow 14. The main difference between perfect competition and ...continues

Economics and management

19. The net present value of a project is calculated as follows: A. the future value of all cash inflows minus the present value of all outflows B. the sum of all cash inflows minus the sum of all cash outflows C. the present value of all cash inflows minus the present value of all cash outflows ...continues

Statistics, probability, sudden death playoff, 2 teams

Assume in a single game sudden death playoffbetween team A and team B that team A would win with probability 0.6. a) what if the league deicdes to play a best of 3 series instead of a sudden death playoff. what is the probability that team B would win? show your calculations b)what if the league decided to play a best of ...continues

Marginal analysis

Marginal analysis: Let's suppose an airline is told by its accountants that the full cost of transporting one passenger from San Francisco to Boston is $300. Can the airline profit by offering a reduced fare of $200 to students who fly on a standby basis?

Standard deviation

a) For the two hypothetical leagues represented below calculate the league standard deviation (σ t) of the winning percentage (wti) for each year. {Where wti is the winning percentage of team i in year t; σt is the standard deviation of the winning percentages in one of the leagues in year t; and w is calculated as the ...continues

Economics and Project Management

Q1. Dream Works Productions is in the final design phases of its new film, Killer Worms, to be release next summer. The chart below identifies 16 activities to be completed before the release. PLEASE ROUND ANSWERS TO TWO DECIMAL POINTS Activity I.P. a m b A --- 1 2 4 B --- 3 3.5 4 C --- 10 12 13 D --- 4 5 7 E --- 2 4 ...continues

GDP

Suppose hamburgers cost 1.50 last year and 1.65 this year, and the overall price index (the GDP deflator )rose for 125 last year to 150 this year. a. How much will 1,000 hamburgers contribute to this year's nominal GDP? b. How much will 1,000 hamburgers contribute to this year's real GDP? c. What was the rate of inflation dur ...continues

CPI, Inflation

Suppose the price index is 130 and a typical basket of goods and services cost 520.What would this typical basket have cost in the base year?If the CPI changes from 110 in 1993 to 120 in 1994, what is the rate of inflation?

IS-LM model

Consider the following IS-LM model: Goods Market C=200 +.25Yd I=150 +.25Y-1000r G=250 T=200 Money Market Md=2Y-8000r Ms=1600 a. Derive the IS Relation. (You want an equation with Y on the left side and all else on the right.) b. Derive LM relation. (It will be convenient for later purposes to have r on the left side, and ...continues