Week6Live Summary

Case Study 1: Nancy is leading a Scrum project for her organization. The project is to create new software for the Accounting Department. She is meeting with Tom, the director for the accounting department and the project team members to discuss the requirements of the project. Tom, Nancy, and the project team have identified all the requirements that Tom would like the app to have, but now Nancy wants to organize the list of requirements in a prioritized view. Based on this scenario,What role does Tom play?What can the scrum team do to help Nancy and Tom at this point of the project?What is the list of requirements called?Who should be prioritizing the list of requirements in this scenario?Case Study 2: Jason is a project manager for his organization, and he’s been asked to lead an XP project. This project will create a new app to rate restaurants in an area based on how romantic the restaurant is for couples on dates. Jason is meeting with his organization’s client, Sara, to discuss…

Amazon initially selected two locations for US headquarters-NYC and Northern Virginia. It recently withdrew from NYC due to opposition regarding the incentive costs and impact on the environment. New Jersey is also re-evaluating its incentive grant program.In general, do you believe that state and local incentive programs are effective in maintaining or attracting corporate business?

The bolded wording is the answer choices for the drop-down arrows it has 4 answer choices  Euphoria's opportunity cost of producing 1 pair of jeans is a) 1/2 b) 1/4 c) 2 d) 4  of corn, and Arcadia's opportunity cost of producing 1 pair of jeans is a) 1/2 b) 1/4 c) 2 d) 4 of corn. Therefore, a) Euphoria b) Arcadia has a comparative advantage in the production of jeans, and a) Euphoria b) Arcadia and has a comparative advantage in the production of corn.   Euphoria  Trade Actions (Jeans) a) Exports 14 b) Imports 14 Trade Actions (Corn) a) Exports 42 b) Imports 42   Arcadia Trade Actions (Jeans) a) Exports 14 b) Imports 14 Trade Actions (Corn) a) Exports 42 b) Imports 42

I'm trying to get you to notice something that I haven't told you yet here.  (So you won't be able to remember it, don't even try!)  In order to figure it out, I recommend first doing the first question from the End of Week Quiz.  That should get you close.  There's just one additional step to get the answer to this.  You will probably need to consult the text. Consider the same firm from the end of week quiz with the following TVC schedule and a fixed cost of 32. Q               1             2              3              4               5              6              7               8               9                10 TVC         20           30            36            44             54            66           80             96            114            134 Now let the demand for this good be given by the following schedule and assume that this is a perfectly competitive market with identical firms and free entry/exit.   P              6                   8                  10…

Assume top executives at Zara and Boohoo are using a digital dashboard to monitor their global trade and development issues during the current pandemic. This dashboard is a common feature of modern-day executive support systems (ESS). The critical feature of ESS is ease of use and simplicity of display since executives using an ESS want quick access to the most critical data affecting their organization. What types of decisions at both companies are facilitated by the digital dashboard, especially considering its form and manner of data visualization? Explain and give an example of a possible decision specifically for the fast fashion industry.

The average price of gasoline in your neighborhood is $2.99 per gallon. Your neighbor, Diana tells you that you can "save a lot" by frequenting a gas station 20 miles outside your neighborhood where the price of gasoline is $2.43 per gallon However, she cautions you that there are usually long lines at that station. Is her suggestion beneficial to you? Yes, since gasoline is a necessity for car owners, the total cost savings would be relatively substantial. No, if one factors in the non-monetary opportunity costs (driving time and waiting in line), it could prove more costly to go to the lower-priced gasoline station. Yes, the lower price of gasoline at the rival

A large-scale company is planning to install a factory to produce __________. As the operations manager, you are responsible for layout planning. Which type of layout is most preferable for your business? Please explain why. Please answer the question for the following: a.Airplanes b.Cars

Amazon could launch a smartphone this year that costs “a fraction” of what Apple charges for its iPhone, a new report says. Amir Efrati at The Information spills details from an allegedly leaked internal Amazon document. The paperwork is said to have been produced by a potential partner and two people who were involved in discussions with Amazon. According to Efrati, the document discussed strategies for penetrating smartphone markets in China, Europe and the United States. Earlier discussions also mentioned Latin America as a possibility. The phone, which has been referred to as “Project Aria,” is likely to go on sale this year, according to Efrati. There’s no specific price, but he says Amazon is “determined” to “keep the phone at a small fraction of the iPhone’s $550-and-up price tag.” If Amazon does launch a smartphone this year, it’s unclear if it will fall under the company’s own brand or if it will work with a partner. Efrati says Amazon was “in talks” with “multiple hardware…

Amazon could launch a smartphone this year that costs “a fraction” of what Apple charges for its iPhone, a new report says. Amir Efrati at The Information spills details from an allegedly leaked internal Amazon document. The paperwork is said to have been produced by a potential partner and two people who were involved in discussions with Amazon. According to Efrati, the document discussed strategies for penetrating smartphone markets in China, Europe and the United States. Earlier discussions also mentioned Latin America as a possibility. The phone, which has been referred to as “Project Aria,” is likely to go on sale this year, according to Efrati. There’s no specific price, but he says Amazon is “determined” to “keep the phone at a small fraction of the iPhone’s $550-and-up price tag.” If Amazon does launch a smartphone this year, it’s unclear if it will fall under the company’s own brand or if it will work with a partner. Efrati says Amazon was “in talks” with “multiple hardware…

Amazon could launch a smartphone this year that costs “a fraction” of what Apple charges for its iPhone, a new report says. Amir Efrati at The Information spills details from an allegedly leaked internal Amazon document. The paperwork is said to have been produced by a potential partner and two people who were involved in discussions with Amazon. According to Efrati, the document discussed strategies for penetrating smartphone markets in China, Europe and the United States. Earlier discussions also mentioned Latin America as a possibility. The phone, which has been referred to as “Project Aria,” is likely to go on sale this year, according to Efrati. There’s no specific price, but he says Amazon is “determined” to “keep the phone at a small fraction of the iPhone’s $550-and-up price tag.” If Amazon does launch a smartphone this year, it’s unclear if it will fall under the company’s own brand or if it will work with a partner. Efrati says Amazon was “in talks” with “multiple hardware…

Alice is the global marketing director for a multinational electronics manufacturing firm. She is assigned with the task of expanding the firm to large and growing international markets. Which of the following factors of international trade will benefit Alice's company a) International trade will provide the company with a comparative advantage. b) The company will benefit from the inflow of new, innovative ideas. C The company will benefit from a balance of trade. ) d) International trade will provide the company with an absolute advantage.

Part 1: Breakeven Analysis for a Conference. The Greenville Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Conference. Each conference features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 12) receives five free seats to each conference. Nonmembers wishing to attend must pay $80 per person. Each attendee receives breakfast, lunch, and free parking.The following are the costs incurred for putting on this event:Rental cost for the auditorium $150Registration processing $7.50 per personSpeaker costs 3@$1,200 = $3,600Continental breakfast $3.50 per personLunch $8.00 per personParking $10.00 per persona) Use MS Excel drawing tools to build an influence diagram that models the factors that influence total profit for the conference.b) Build…

Adriana Caselotti's company developed a new product ten years ago. Ever since, Adriana has managed production of the product with minimal worker turnover. Over that time, the average cost to the firm has decreased by 30%. This is due to improvements in production methods leading to greater efficiency. Rival firms have not achieved such reduced costs. The cost advantage enjoyed by Adriana's company is called achieved through marginal cost reduction; long-term production a key input price reduction; unique cost advantages a unique cost advantage; learning by doing mass production; key input price reduction

You are in charge of improving utilization of resources at a restaurant that is taking only online orders for delivery to the specific addresses. There are three kind of orders received: vegetarian, non-vegetarian and gluten free. For every vegetarian order, the chopping and dicing section, the deli-cheese section, the stir fry kitchen, and marination are used. For non-vegetarian orders; the chopping and dicing section, the deli-meat section, the marination section, and the non-veg kitchen is used. In addition to this 50% of non-vegetarian dishes go through the grilling section while the other 50% go through the baking (oven) section. Gluten free dishes go through the chopping and dicing section and the stir fry kitchen only. The typical order size consists of 25 non-veg orders, 12 veg orders and 5 gluten free orders. Marination of vegetarian dishes take 5 minutes while that of non-vegetarian dishes 1 hour. Chopping and dicing for 10 vegetarian/gluten-free dishes take an hour, while…

Practice Sheet: Market Structure The objective of this sheet is to show you how prices and quantities are determined for each market structure and competition styles. It will also allow you to compare different market outcomes The demand for cookies is given by Q=120-P, where Q is the number of boxes of cookies. Assume a constant unit cost of $10, i.e. ATC=MC-$10. You may use the table below to help you understand the steps, but you don't have to. Price 0 10 20 30 40 50 60 70 80 90 100 110 120 Quantity Profit Perfect Competitive market: Assume the market was perfectly competitive. a. The long run equilibrium P=....... and Q=.. b. Industry profit=...

Human-centered design (HCD) is a key part of creating a business plan for passive and active learning techniques and technologies that targets students who want higher exam scores.

Your software company recently instituted a highly regarded training program for newly hired software developers. The benefits of this program include not only the benefits to employees but also the goodwill generated by an increase in your reputation among customers and professional groups.   The costs of this training program include all of the labor, space, and consultants necessary.  Suppose these benefits and costs are given by B(Q) = 100Q - 2Q2 and C(Q) = 10Q, where Q represents the amount of hours each software developer should spend in training.  (Note that MB = 100 - 4Q, MC = 10, and that time can be measured in fractions of one hour.)   What level of Q maximizes the net benefits? What level of training is optimal? Why?

Your software company recently instituted a highly regarded training program for newly hired software developers. The benefits of this program include not only the benefits to employees but also the goodwill generated by an increase in your reputation among customers and professional groups.   The costs of this training program include all of the labor, space, and consultants necessary.  Suppose these benefits and costs are given by B(Q) = 100Q - 2Q2 and C(Q) = 10Q, where Q represents the amount of hours each software developer should spend in training.  (Note that MB = 100 - 4Q, MC = 10, and that time can be measured in fractions of one hour.) What level of Q maximizes the total benefits of your newly introduced training program? What level of Q minimizes the total costs of the program? What level of Q maximizes the net benefits? What level of training is optimal? Why?

The market pizza has the following demand and supply schedules

CAC and Incentives for Truth Telling Before passing regulations on Coke ovens in the steel industry, the EPA estimated that the costs of controlling hazardous air pollutant emissions would be about $4 billion; four years later, that estimate had fallen to between $250 and $400 million. Similarly, projections for benzene emission control were on the order of $350,000 per plant; in actuality, chemical companies found they were able to use substitutes, which “virtually eliminated control costs.”2 We showed in this appendix that industry has an incentive to overstate costs if faced with marketable permit regulation. Does the same incentive hold for CAC regulation, which was used in Applications 15.0 and 15A.0? 1. Assume (1) that the EPA’s initial cost estimates provided earlier were based on industry sources and (2) that the EPA sought to regulate these pollutants at the efficient level.3 Use a diagram to provide a possible explanation for why the cost estimates were so…

ECON 4333-001 (online) Spring 2020 Homework Assignment #2-Revised     MR This question is based on the figure above, which describes cost and demand conditions in the widget industry. Assume that costs functions to not vary according to market structure (competition vs. monopoly, for example). Complete the following table. All variables should be expressed in dollars. (Hint: use the Cowling and Mueller method for measuring consumer surplus and deadweight)   Market Structure   Price   Quantity Economic Profit Consumer Surplus Dead Weight Loss Competition  500  400       Monopoly             The following table illustrates the distribution of retail grocery sales in the Asheville, NC market:                                                                                                               Market                                                                           Retailer                Share (%)  Kroger…

Tamika, a young entrepreneur, has been purpose-driven toward social change in their rural community. They have created solutions for pesticide runoff, erosion problems, and toxic well water. Tamika has decided to focus more on energy conservation and local air quality. Their first client is interested in wind as a power source. Tamika is unfamiliar with wind power and needs to learn about innovative solutions for residential application. How might Tamika use creative problem solving methods to develop solutions for the client’s request?

Marissa, a single mother with one child, can’t seem to make ends meet. Rent and utilities eat up most of her paycheck, so when something unexpected happens, she is often short. Last week, her car broke down but she was already way behind in credit card payments. Yesterday, a collections guy called and said that if she didn't pay at least $100 right away, she’d be taken to court. When she got off the phone, she started to cry. Her friend Kathy asked her what was wrong. Marissa described to her how bad her financial situation is, and Kathy thought that Marissa might qualify for food stamps. Marissa has a full-time job so she isn't sure that she’ll qualify, and even if she does, she isn’t sure it will help too much. ) How is it possible that someone making almost 25% more than the minimum wage, and working full-time, qualifies for food assistance? Fully explain.

Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. You have assigned your staff​ member, Troy, to divide a group of survey participants into a treatment group and a control group. The intent is tell Group A that gas prices have​ increased, and group B will be told that gas prices have not changed. Participant members will then be surveyed about their purchasing habits.   When you come back from lunch you notice how Troy has set up the​ groups:   Number of people  Number of Men  Number of Women  Group A 75 2 73 Group B 75 70 5 You tell Troy that...... because the groups are........

Calculus is a powerful tool used in economics. One of the initial applications areas is the study of a firm, a topic in microeconomics. An important function is the cost function function C(x), the cost of producing x items (of whatever they are selling). This question deals with just the cost function C(x).   Problem Set question:   The cost, in dollars, of producing x units of a certain item is given by C(x)=5x−4x−1−−−−√.   Find the production level that minimizes the average cost per unit.     The number of units that minimizes the average cost is .

The table below shows one of the most preferred trade exercises in your class, according to your classmates' votes. Refer to it to answer the following question. Burrito 40/hr Bowl 44/hr Chipotle Hot Head Burritos 36/hr 42/hr Based on production per hour, the per unit opportunity cost (as a non-simplified fraction) of producing Burritos (in terms of Bowls) for Hot Head Burritos is the specific fraction, no text or letters) -(Note: tpe only

You are the manager of a firm that specializes in small single-board widgets. Your goal is to determine the number of units (Z) that must be produced and sold by your firm each month in order to maximize profits. The total benefits (revenues) and costs to your firm of producing various quantities are given in the first three columns of the following table. Based on this scenario, complete the table and answer the accompanying questions: Control Variable Z  Total Benefits B(Z) Total Cost C(Z)0                             0                            01                             200                        102                             380                        303                             540                        604                             680                        1005                             800                        1506                             900                        2107                             980                        2808…

Please help me rearrange it correctly