Test #2 Practice Test #2: Answer Key Exam number 2 will take place on Monday, April 8th, 2013. This, the second of two practice exams, will be the subject of class on Wednesday. It will not be graded, but will serve only as practice material accurately representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To invest in his painting business, he withdrew $20,000 from his savings
Operations Research Unit 6 Unit 6 Structure Assignment Problem 6.1. 6.2. 6.3. 6.4. Introduction Mathematical formulation of the problem Hungarian method algorithm Routing problem 6.4.1. Unbalanced A.P 6.4.2 Infeasible Assignments 6.4.3 Maximization in A.P 6.5. 6.6. Traveling salesmen problem Summary Terminal Questions Answers to SAQs and TQs 6.1 Introduction The assignment problem is a special case of the transportation problem, where the objective is to minimiz
Unit 39 – International Business Scenario You are employed by the local Business Development Agency and have been asked to independently research international business in relation to an international case study business of your choice. From your research you are required to put together a research report document which can be used to assist businesses who are considering trading internationally. Your work should be a result of your own independent research and contain references throughout
(Exhibit 1: Total Product) Between points A and B the marginal product of labor is: A) increasing. B) zero. C) falling. D) infinite. Ans: C Exhibit 2: Total Product and Marginal Product | Labor per Day | Total Products (units per period) | 0 | 0.0 | 1 | 1.0 | 2 | 3.0 | 3 | 7.0 | 4 | 9.0 | 5 | 10.0 | 6 | 10.7 | 7 | 11.0 | 8 | 10.5 | 2. (Exhibit 2: Total Product and Marginal Product) The marginal product of the second worker is: A) 1.0. B) 1.5.
of peanuts supplied increased from 40 tons per week to 60 tons per week when the price of peanuts increased from $4 per ton to $5 per ton. The price elasticity of supply for peanuts over this price range is (A) Elastic (B) Inelastic (C) unit elastic (D) perfectly elastic (E) perfectly inelastic 3. Which of the following best describes the law of demand? (A) The
I chose Pluto for this project because it seemed like an unpopular, but interesting subject. At first, I wanted to do the whole solar system, but I figured the explanations of each planet wouldn’t do them justice, because there are so many things to say about them. Also, the paper would most likely end up being fairly longer than necessary. After further thought, I figured Pluto would be the best subject for me, considering I did not know much about the so called planet that was removed from our
communication and interpersonal interaction in health and social care environments theories of communication environmental factors affecting communication barriers to communication 2 Developing effective communication in health and social care UNIT UNIT 11 LO3 Understand ways to overcome barriers in a health and social care environment LO4 Be able to communicate and interact effectively in a health and social care
Chapter 3 Modeling & Solving LP Problems In A Spreadsheet 1. In general, it does not matter what is placed in a variable (changing) cell. Ultimately, Solver will determine the optimal values for these cells. If the model builder places formulas in changing cells, Solver will replace the formulas with numeric constants representing the optimal values of the decision variables. An exception to this general principle is found in Chapter 8 where, when solving nonlinear programming problems, the
instead of generating interest income. d. Economic profits resulting from current production. 2. Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sold 100,000 units of its output at $50 per unit, its accounting: a. profits were $100,000 and its economic profits were zero. b. losses were $500,000 and its
MAC3702/202/2/2014 Tutorial letter 202/2/2014 Application of financial management techniques SEMESTER 2 Department of Management Accounting IMPORTANT INFORMATION: This tutorial letter contains important information about your module. Dear Student Enclosed please find the solution in respect of assignment 02/2014. It is in your own interest to work through the suggested solution in conjunction with the assignment and your own answer. Kind regards Telephone number Room number Mr N Masela 012