Bus. 640 Economics

b. If the company had set a goal of increasing sales by 28% during the next five years, what should be the sales goal for 2008? 4,113,223.68

The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.

-Mohair farmers have earned a subsidy from the federal government for decades because the mohair farmers can get large payments from the government without taxpayers ever really noticing because the farmers who get the subsidy care a lot about it, while the rest of us taxpayers (paying mere pennies extra in taxes) do not really care. And, “any politician with a preference for job security can calculate that a vote for the mohair subsidy will earn the strong support of the mohair farmers while costing nothing among other voters” (Wheelan 177).

14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?

c. Determine the two product numbers with the largest unit selling prices for subsequent follow-up to verify the unit selling prices.

Data that is statistically significant helps us to understand whether there is a relationship within the null hypothesis. T statistical significant results showed that the participants who consumed caffeine performed worse than participants who did not was less than 5% (p < .05). This means for the author to determine whether a test is significant it must be less than .05, which is the significance level. The P value (probability value) is defined as the probability of obtaining a result equal to or "more extreme" than what was observed (Wikipedia). A p-value helps determine the significance

In our second assumption, instead of using the cost of goods per cases in 1986, we try to use the percentage it counts in the total expenses which is 50.4% and to find the sales needed to break-even. The detail of the calculation is shown in the answer for questions d. The result is that 95,635, a little bit higher than the estimated sales of 90,000.

Edgar, my cousin, is always thinking of the next business idea. His next business idea includes buying to gas stations. He believes that both gas stations would be profitable and allow revenue for him to increase. After recently reading an article named “$4-a-Gallon Gas Fueling Fears for Recovery” I decide to research the market in terms of supply and demand, elasticity, costs of production, pricing, and normal or economic profit or loss. In order to help my cousin Edgar I would like to provide him with the most informed advice possible.

It tells that the t-statistic with 97 degrees of freedom was 2.14, and the corresponding p-value was less than .05, specifically around 0.035. Therefore, it is appropriate to conclude the research study was statistically significant.

“Hypothesis testing is a decision-making process for evaluating claims about a population” (Bluman, 2013, p. 398). This process is used to determine if you will accept or reject the hypothesis. The claim is that the bottles contain less than 16 ounces. The null hypothesis is the soda bottles contain 16 ounces. The alternative hypothesis is the bottles contain less than 16 ounces. The significance level will be 0.05. The test method to be used is a t-score. The test statistic is calculated to be -11.24666539 and the P-value is 1.0.  The P-value is the probability of observing a sample statistic as extreme as the test statistic, assuming the null hypothesis is true. The T Crit value is 1.69912702. The calculations show there is enough evidence to support the claim that the soda bottles do

(d) What will Yabba’s market share have to be for it to generate a profit of $700,000?

a. Test market results for the southeast regions do not indicate an impressive gain in the market (i.e. market share increased from 9% to 10% when it was expected to reach 15%, display activity was below what the team expected)

a. Assuming the most current operational cost levels, what sales must it generate to recoup the above investment?

Evaluate each of the following changes in supply and/or demand. How will each affect equilibrium price and quantity in a competitive market? Will price and quantity rise, fall, or be unchanged? Based on shifts, will the answers be indeterminate?

A nation that has a numerous amount of natural resources expand their economic development. For instance, oil rich nations have a number of per capita earnings than nations with less natural resources. It is most likely possible for nations to become more rapidly without having natural resources. For instance, Hong Kong and Japan don't have numerous natural resources however despite everything they are steady growing. These nations depend on different means for money.