RE 21 Quiz 15

S LO 20 # 3 PRICE (Dollars per hot dog) 5. History Bookmarks People Tab Window Help 令) 71% Mind Tap - Cengage Learning /index.html?deploymentld%359828119415547787292595253&elSBN=9780357133606&id%3D1069413986&snapshotid%-D2211990& * CENGAGE MINDTAP Q Search this course Homework (Ch 15) 5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S = MC) curves in the market for hot dogs. %3D Place the black point (plus symbol) on the graph to indicate the market price and quantity that will result from competition. Competitive Market +. 4.5 PC Outcome 3.5 3.0 2.5 S=MC 1.5 0.5 D. 120 140 160 180 09 QUANTITY (Hot dogs) 40 PI MacBook Air DA DD F8 F6 F5 F4 F2 %24 6. 7. 8. 9- 4. 2.

doc=%7BAD92995B-8389-4985-A3B9-58AS er 12 - Saved Search Review View Help Open in Desktop App O Editing v A^ B IU ev Av A ミv王 三< 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? ...

B Spreadsheet A bank's mortgage department must process the following six jobs to maximize client satisfaction. Processing Time (days) 14 12 16 11 18 22 Mortgage 1 2 3 4 5 6 55 17 80 22 39 60 What sequencing rule should you use? For the rule you selected, find the best sequence using the Excel Sequencing template. The most appropriate sequence rule is -Select- The best sequence is -Select- ✔ -Select- ✓ -Select- ✓ Due Date -Select- ✓ -Select- ✔ -Select- ✓

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hapter 02 Teresa is a hard-working college freshman. One Sunday, she decides to work nonstop until she has answered 176 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time 8:00 AM Total Problems Answered 0 9:00 AM 80 10:00 AM 128 11:00 AM 160 Noon 176 Use the table to answer the following questions. The marginal, or additional, gain from Teresa's second hour of work, from 9:00 AM to 10:00 AM, is problems. The marginal gain from Teresa's fourth hour of work, from 11:00 AM to noon, is problems. Later, the teaching assistant for Teresa's math course gives her some advice. "Based on past experience," the teaching assistant says, "working on 40 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour…

6 Assignment Saved to this PC ✓ Design Layout References Mailings ctions: On O Search (Alt+Q) You Review View Help In a one-shot game, if you advertise and your rival advertises, you will each earn $5 million in profits. If neither of you advertises, your rival will make $4 million and you will make $2 million. If you advertise and your rival does not, you will make $10 million and your rival will make $3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $3 million. The profits in each cell are shown as (your profit, your rival's profit). a) Fill in the payoffs in the following table. Advertise Do Not Advertise Your Rival H Advertise monica faggett b) Do you have a dominant strategy? Why or why not? c) Does your rival have a dominant strategy? Why or why not? d) What is the Nash equilibrium in this game? Accessibility: Investigate Do Not Advertise Focus

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User passwords for the mainframe at a finance firm consists of five letters followed by two numbers. How many different passwords are possible? a. 33,153,120,000 Ob. None of these Oc. 1,188,137,600 Od 657,800 e. 7,893,690

1. A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this production, the company need to spend 90000 pesos weekly for materials, utilities and transportation. The manager also pays a fixed cost of 10000 pesos per week. HOW MUCH per steel bar should they sell to gain a profit of 40% of the total cost?

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Which type of graph will be suitable for representing the above sales revenue by regions

Note: Do not use MATLAB or any other applications.

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A Not secure | ng.cengage.com/static/nb/ui/evo/index.html?deploymentld%3D599297248878548653463891880&elSBN=9780176= Apps Favoris du domaine Friv : ONLY THE VE. OZ Jorge Cruise's BBQ.. BE Ref Centre - Course... Disque 10 Agenda M Courriel Ru: - CENGAGE MINDTAP ssignment 1 - Part 4 of 4 - Chapter 5 Questions Consider some determinants of the price elasticity of demand: • The availability of close substitutes • Whether the good is a necessity or a luxury • How broadly you define the market • The time horizon being considered A good without any close substitutes is likely to have relatively elastic v demand, since consumers cannot easily switch to a substitute good if the price of the good rises. A good's price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the most elastic demand? O Diamond necklace O A heart valve for heart attack victims The price elasticity of demand for a good…

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ECON 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…

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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:

#11 Calculate the Expected Value for Form Joint Venture Success Probability Sell Company Form Joint Venture Sell Software on own Submit Answer format: Number: Round to: 1 decimal places. 0.3 115 Moderate Success Failure 0.3 0.4 15 115 115 210 120 32 420 194 100 |#12 Using the EV method, which decision alternative will you chose? a) Sell company b) Form Joint Venture c) Sell software on own Probability Sell Company Form Joint Venture Sell Software on own Answer format: Text Submit Success 0.3 88 Moderate Success Failure 0.3 0.4 88 88 210 120 112 420 153 100 unanswered not submitted Attempts Remaining: 2 unanswered not submitted Attempts Remaining: 2

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955,000 30 se0,000 15. Jay Seago is suing the manufacturer of his car for $3.5 million because of a defect that he believes caused him to have an accident. The accident kept him out of work for a year. The company has offered him a settlement of 5700,000, of which Jay would receive $600,000 after attorneys' fees. His attorney has advised him that he has a 50% chance of winning his case If he loses, he will incur attomeys' fees and court costs of $75,000. If he wins, he is not guaranteed his full requested settlement. His attorney believes that there is a 50% chance he could receive the full settlement, in which case Jay would realize $2 million after his attomey takes her cut, and a 50% chance that the jury will award him a lesser amount of $1 million, of which Jay would get $500,000. Using decision tree analysis, decide whether Jay should proceed with his lawsuit against the manufacturer.