Preview Quiz Chapter 12__ ECON-2302-010
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Preview Quiz Chapter 12*
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Nov 13 at 11:49pm
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Question 1
____________________ describes a situation where a third party, outside
the transaction, suffers from a market transaction by others.
Positive externality A spillover A market failure Negative externality
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1 / 1 pts
Question 2
_______________ include both the private costs incurred by firms and
also costs incurred by third parties outside the production process.
Private costs Social costs External costs Market costs 1 / 1 pts
Question 3
A pollution charge is a form of tax imposed on
pollution control technologies. every economy in the world. low-income market-orientated industries. the quantity of pollution that a firm emits. 1 / 1 pts
Question 4
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Which of the following have historically been more willing to sacrifice their
environmental quality for some additional economic output?
high-income, market-oriented economies low incomes and command economies European Union the United States 1 / 1 pts
Question 5
Why would a typical U.S. business fail to take the social costs of pollution
into consideration during the development of their operating strategies?
it is following the principle of voluntary exchange of benefits government regulated the limits for how much pollutant can be emitted it isn't required to pay any of the cost of cleaning up its pollution
the range of flexible, market-oriented pollution control policies are flawed 1 / 1 pts
Question 6
Which of the following is viewed as a fundamental building block of the
U.S. economic way of thinking?
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1. List and discuss the three central problems of an economy.
Define opportunity cost. What is the opportunity cost to you of attendin
was your opportunity cost of coming to class today?
2.
Topic 1 (Long)
1.
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Economics
URGENT PLEASE**
As a PMO officer, you are asked to do an evaluation for a natural gas pipeline right in the middle of the project’s planned schedule. There are concerns that it will go over budget and schedule because 40 million dollars has been spent in the project so far. According to the project charter, the pipeline length is 72 km and must be completed in 6 months, with a budget of 57.6 million AUD. You performed an inspection and find out that installation of 30 km of pipeline has been completed.
Using earned value analysis, answer the following questions:
A ) Calculate the Schedule performance index (SPI) and the cost performance index (CPI) at the time of inspection. What do they mean? [
B) According to your analysis, how much is the project going to be over budget? (Calculate the estimate to completion (ETC).)
C) As a key part in your report to the management, what is your advice for cutting the expenditure in the rest of the project, in order to finish the…
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Economics
URGENT PLEASE**
As a PMO officer, you are asked to do an evaluation for a natural gas pipeline right in the middle of the project’s planned schedule. There are concerns that it will go over budget and schedule because 40 million dollars has been spent in the project so far. According to the project charter, the pipeline length is 72 km and must be completed in 6 months, with a budget of 57.6 million AUD. You performed an inspection and find out that installation of 30 km of pipeline has been completed.
Using earned value analysis, answer the following questions:
A) What is the earned value (EV) for this project at the time of inspection (month 3)?
B) What is the planned value (PV) for this project at the time of inspection?
C) Calculate the Schedule variance (SV) and the cost variance (CV) at month 4. What do they mean?
D) Calculate the Schedule performance index (SPI) and the cost performance index (CPI) at the time of inspection. What do they mean? [
E) According to your…
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Problem 3-18 (Algo)
New car sales for a dealer in Cook County, Illinois, for the past year are shown in the following table, along with monthly indexes
(seasonal relatives), which are supplied to the dealer by the regional distributor.
Units
Units
Sold
767
787
817
817
Month
Sold
Index
0.70
0.80
Month
Index
0.90
1.10
1.20
Jan.
643
Jul.
Aug.
Sept.
Feb.
653
Mar.
638
0.60
Apr.
May
Jun.
738
0.94
Oct.
1.20
743
843
0.89
Nov.
827
1.20
1.00
Dec.
787
1.25
Click here for the Excel Data File
b. Deseasonalize car sales. (Round your answers to the nearest whole number.)
Month
Deseasonalized
Month
Deseasonalized
Jan.
Jul.
Feb.
Aug.
Mar.
Sep
Apr.
Oc.
May
Jun.
Nov.
Dec.
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CENGAGE MINDTAP
Critical Analysis Questions (Ch 07)
costs used to determine GDP under the resource cost-income approach.
Component
Billions of Dollars
Expenditure approach
Resource cost-income approach
Personal Consumption
12,269.1
Employee Compensation
9,655.3
Rents
656.6
Gov't Consumption & Investment
3,183.0
Imports
2,782.9
Depreciation
2,582.6
Corporate Profits
2,048.0
Interest Income
525.1
Exports
2,219.60
Gross Private Investment
3,021.1
Indirect Business Taxes
1,302.8
Self-Employment Income
1,388.5
Net Income of Foreigners
-249.00
Using the expenditure approach, GDP is S
Using the resource cost-income approach, GDP is
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v Question Completion Status:
Figure
Terice
10
1s
6.
6.
10 20 30 40 50 60 70 80 quantity
Refer to Figure. A price floor of $ 8 in this market would result in
O a. the quantity of the good demanded decreases by 10 units.
O b. the quantity of the good demanded increases by 10 units.
O c. the quantity of the good demanded decreases by 30 units.
O d. the buyer's total expenditure to decrease by $20.
QUESTION 2
Price controls
O a. helps only buyers.
O b. helps only sellers.
O C. can help both buyers and sellers.
O d. helps neither buyers or sellers.
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ECON 2100 OL HW14
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3. The table below shows the quantity demanded and supplied in the labor market for driving city buses
in the town of Unionville, where all the bus drivers belong to a union.
Quantity Of Workers
Demanded
Quantity of Workers
Supplied
Wage Per Hour
$14
12,000
6,000
$16
10,000
7,000
$18
8,000
8,000
$20
6,000
9,000
$22
4,000
10,000
$24
2,000
11,000
a. What would the equilibrium wage and quantity be in this market if no union existed?
b. Assume that the union has enough negotiating power to raise the wage to $4 per hour…
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Given Problem:
A manufacturing plant wishes to buy a new equipment so the purchasing department did some research on different types of this equipment. In the monthly meeting, the purchasing department presented a report about the two types of equipment that they have found. Pertinent data are as follows:
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The Pear company produces and sells pPhones. Their
production costs are $290000 plus $180 for each pPhone
they produce, but they can sell the pPhones for $250
each. How many pPhones should the Pear company
produce and sell in order to break even?
The break-even number of pPhones is
Preview
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Note: Plot your polnts In the order In which you would like them connected. Line segments will connect the polnts automatically.
200
175
ATC
150
125
AVC
100
MC
50
25
1
3
4
6
QUANTITY (Pairs of boots)
Grade It Now
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COSTS (Dollars per pair)
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Anil Akdereli & 04/13/21 9:37 PM
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Time Remaining: 00:24:13
Submit Quiz
This Question: 1 pt
2 of 8 (7 complete)
This Quiz: 8 pts possible
The graph on the right shows the demand and supply curves in the market for workers in Starbucks coffee shops (called "baristas"). Assume that Starbucks
baristas are unwilling to accept a wage lower than $11 per hour, causing the wage to be fixed at that level.
20-
18-
Suppose that, due to concerns about the high number of calories in many Starbucks drinks, the demand for Starbucks products declines.
So
16-
Use a graph to explain what will happen to employment in the market for baristas?
14-
1.) Using the line drawing tool, plot either a new labor supply or labor demand curve that would result from the decline in Starbucks sales. Label your line…
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The following graph shows the daily demand curve for bikes in Houston.
Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve.
Note: You will not be graded on any changes made to this graph.
240
220
200
Total Revenue
180
160
140
120
100
80
60
40
20
0
PRICE (Dollars per bike)
0
9
18
27
>
36 45 54 63 72
QUANTITY (Bikes)
00
8
Demand
90
81
99 106
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Only typed solution
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find the TP and AP
unit
TP
AP
MP
1
20
20
0
2
32
16
12
3
54
18
22
4
26
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Please solve on a piece of paper
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300
+A
250
200
150
100
(intel
CORE IS
50-
06. The Average Total Cost (AC) reaches a minimum at
O (a) Q=6
O (b) Q=10
0
Q
0 2 4 6 8 10 12 14 16 18 20
(c) Q=12
O (d) Q=15
#
TC
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TVC
St
TFC
30
25
20
15
10
5
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SA
0
0 2 4 6 8 10 12 14 16 18 20
Save All Answers
MC
AC
AVC
AFC
(?
Save and Submit
DELL
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Please a
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General Motors Corporation in their Detroit plant, makes industrial strength eight-cylinder engines that are
used in their heavy duty automobiles Operations manager at Detroit plant has developed the following
supply, demand, cost, and inventory data for future planning purposes.
Supply Available
Regular
Time
Demand
Forecast
Period
Overtime
Subcontract
1
40
15
10
40
2
30
15
10
55
3
30
20
10
50
20 units
$100
Initial inventory
Regular-time cost per unit
Overtime cost per unit
Subcontract cost per unit
$160
$200
Carrying cost per unit per month
$6
Assuming the initial inventory has no holding cost in the first period and that backorders are not permitted.
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E2
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100
90
80
70
60
ATC
50
40
30
AVC
20
MC
10
10
20
30
40
50
60
70
80
90
100
QUANTITY (Thousands of lamps)
COSTS (Dollars)
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Price/cost
MC
$52
АТС
$40
$30
$28
$20
D
$14
MR
100
130 140 160
Its total revenue will be $
Its total cost will be $
It will make a profit/loss/break even (circle one) of $
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(G1)
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Solve it correctly
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Assignment 7 critical analysis Chapter 12 pages 251-252.
Answer questions numbered 2, 3, 6, 10 and 12. They will be worth 20 points each.
Upload your answers on this website below.
This Assignment is due Thursday at midnight. The same time that assignment 6 is due.
My grader will grade both assignments Friday. You have exam 3 early next week.
2. What is the crowding- out effect? How does it modify
the implications of the basic Keynesian model with regard
to fiscal policy? How does the new classical theory of
fiscal policy differ from the crowding-out model?
...
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M18
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Figure 1 shows the lifecycle cost chart which is a summation of all the costs related to a product, structure, system, or service during its life span. Where do the highest chances for cost reduction happen?
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Campaign
today (in
thousands)
Dollars realized
Dollars realized
one year from
today (in
thousands)
Globatel
-21
210
Wireless
Yummy
Tummy
135
Pudding
NiCad
60
-24
Electric Cars
Excelsis Hot
Air Balloons
-55
108
Dawn and Amelia work for an international advertising
agency. They are presented with four possible product
campaigns for the year, of which they must choose only one.
The annual interest rate is 9%. They must choose the
campaign which will be most profitable to the company
overall. The chart indicates the costs and benefits for each of
the projects. A negative value indicates costs are greater than
benefits for that time period. Use the information in the chart
to calculate the net present values, and answer the questions.
What is the net present value of the Excelsis Hot Air Balloon
campaign (in thousands)?
EA
thousand
Using your net present value calculations, which of
the four campaigns are Dawn and Amelia most
likely to select?
Excelsis Hot Air Balloons
Yummy Tummy Pudding…
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- cofee 1606936740515_short and long questions [Compatibility Mode] - Word A rayda almamari Layout References Mailings Review View Help O Tell me what you want to do & Share 20 -A A Aa - 三,三, O Find - AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB I Normal 1 No Spac. Heading 1 Heading 2 c Replace A Select - abe X, x A - ay- A - Title Sensitivity Font Paragraph Styles Editing Sensitivity 1. List and discuss the three central problems of an economy. Define opportunity cost. What is the opportunity cost to you of attendin was your opportunity cost of coming to class today? 2. Topic 1 (Long) 1.arrow_forwardEconomics URGENT PLEASE** As a PMO officer, you are asked to do an evaluation for a natural gas pipeline right in the middle of the project’s planned schedule. There are concerns that it will go over budget and schedule because 40 million dollars has been spent in the project so far. According to the project charter, the pipeline length is 72 km and must be completed in 6 months, with a budget of 57.6 million AUD. You performed an inspection and find out that installation of 30 km of pipeline has been completed. Using earned value analysis, answer the following questions: A ) Calculate the Schedule performance index (SPI) and the cost performance index (CPI) at the time of inspection. What do they mean? [ B) According to your analysis, how much is the project going to be over budget? (Calculate the estimate to completion (ETC).) C) As a key part in your report to the management, what is your advice for cutting the expenditure in the rest of the project, in order to finish the…arrow_forwardEconomics URGENT PLEASE** As a PMO officer, you are asked to do an evaluation for a natural gas pipeline right in the middle of the project’s planned schedule. There are concerns that it will go over budget and schedule because 40 million dollars has been spent in the project so far. According to the project charter, the pipeline length is 72 km and must be completed in 6 months, with a budget of 57.6 million AUD. You performed an inspection and find out that installation of 30 km of pipeline has been completed. Using earned value analysis, answer the following questions: A) What is the earned value (EV) for this project at the time of inspection (month 3)? B) What is the planned value (PV) for this project at the time of inspection? C) Calculate the Schedule variance (SV) and the cost variance (CV) at month 4. What do they mean? D) Calculate the Schedule performance index (SPI) and the cost performance index (CPI) at the time of inspection. What do they mean? [ E) According to your…arrow_forward
- Problem 3-18 (Algo) New car sales for a dealer in Cook County, Illinois, for the past year are shown in the following table, along with monthly indexes (seasonal relatives), which are supplied to the dealer by the regional distributor. Units Units Sold 767 787 817 817 Month Sold Index 0.70 0.80 Month Index 0.90 1.10 1.20 Jan. 643 Jul. Aug. Sept. Feb. 653 Mar. 638 0.60 Apr. May Jun. 738 0.94 Oct. 1.20 743 843 0.89 Nov. 827 1.20 1.00 Dec. 787 1.25 Click here for the Excel Data File b. Deseasonalize car sales. (Round your answers to the nearest whole number.) Month Deseasonalized Month Deseasonalized Jan. Jul. Feb. Aug. Mar. Sep Apr. Oc. May Jun. Nov. Dec.arrow_forwardMindTap - Cengage Learning M Fwd: USE THIS ONE- ocunnin2@ x + com/static/nb/ui/evo/index.html?deploymentld%35698037222530759652689335&elSBN=9781305582033&nbld%3D15552578&snapshotld%3D15552578 CENGAGE MINDTAP Critical Analysis Questions (Ch 07) costs used to determine GDP under the resource cost-income approach. Component Billions of Dollars Expenditure approach Resource cost-income approach Personal Consumption 12,269.1 Employee Compensation 9,655.3 Rents 656.6 Gov't Consumption & Investment 3,183.0 Imports 2,782.9 Depreciation 2,582.6 Corporate Profits 2,048.0 Interest Income 525.1 Exports 2,219.60 Gross Private Investment 3,021.1 Indirect Business Taxes 1,302.8 Self-Employment Income 1,388.5 Net Income of Foreigners -249.00 Using the expenditure approach, GDP is S Using the resource cost-income approach, GDP is Grade It Now Save & Continc Continue withhout sav irch PrtSc Insert De F10 F11 F12 F5 F6 F7 F8 F9 F3 F4 & Ba 4. 5 6 8 9- Y + I/ *3arrow_forwardA https://bbhosted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id%3_1840433_18&icourse_id=_1973374_1&content_id=_56338622_18is Remaining Time: 33 minutes, 41 seconds. v Question Completion Status: Figure Terice 10 1s 6. 6. 10 20 30 40 50 60 70 80 quantity Refer to Figure. A price floor of $ 8 in this market would result in O a. the quantity of the good demanded decreases by 10 units. O b. the quantity of the good demanded increases by 10 units. O c. the quantity of the good demanded decreases by 30 units. O d. the buyer's total expenditure to decrease by $20. QUESTION 2 Price controls O a. helps only buyers. O b. helps only sellers. O C. can help both buyers and sellers. O d. helps neither buyers or sellers.arrow_forward
- Note: Do not use MATLAB or any other applications.arrow_forwardECON 2100 OL HW14 Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout Share O Comments Garamond 11 v A^ A^ Аa v AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe AaBbCcDdEe > Styles Pane Paste I U v ab x, x A Normal No Spacing Heading 1 Heading 2 Title Subtitle Subtle Emph... Sensitivity * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates 3. The table below shows the quantity demanded and supplied in the labor market for driving city buses in the town of Unionville, where all the bus drivers belong to a union. Quantity Of Workers Demanded Quantity of Workers Supplied Wage Per Hour $14 12,000 6,000 $16 10,000 7,000 $18 8,000 8,000 $20 6,000 9,000 $22 4,000 10,000 $24 2,000 11,000 a. What would the equilibrium wage and quantity be in this market if no union existed? b. Assume that the union has enough negotiating power to raise the wage to $4 per hour…arrow_forwardGiven Problem: A manufacturing plant wishes to buy a new equipment so the purchasing department did some research on different types of this equipment. In the monthly meeting, the purchasing department presented a report about the two types of equipment that they have found. Pertinent data are as follows:arrow_forward
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