Q: Which of the following is a benefit of global trade? a) Increased chances of trade surplus b) Better…
A: The import and export of products and services that take place beyond international borders is the…
Q: A buyer and seller trade with each other for an infinite number of periods. Both parties have a…
A: Introduction A buyer and seller trade with each other. Both parties have a discount factor d, where…
Q: T S A 3,1 5,6 B 2,5 3,4 C 4,2 6,3 Consider the following repeated game. The simultaneous move game…
A: Given pay off matrix Player 1 has 3 strategy : {A,B,C} Player 2 has 2 strategy :{ T,S)
Q: The country of Mona includes an adult population of 50,000 people. Of those, 28,000 are working full…
A: Labor force includes both employed as well as unemployed workers in an economy.
Q: Assume a firm in a competitive market is outputting 500 units and sells each unit for 4 dollars. The…
A: Here, given information is, Output: 500 units Selling price: 4 dollars Average total cost: 3…
Q: In a time of crisis where there is a pandemic, policymakers try to encourage economic activity by…
A: The use of government spending and tax strategies to impact economic conditions, particularly…
Q: for producers to to pro why? Explain f. e. What will happen to total surplus in the market if 110…
A: A equilibrium is the point where firm maximise the profit and produce efficient level of production…
Q: Kevin is considering going to a rock concert. The ticket will cost him need to spend $3 on gas to…
A: The opportunity cost of doing an activity is the loss of value associated with the next best…
Q: An endogenous variable is a variable explained by an economic model. An exogenous variable is a…
A: Introduction The statement is given about two variables of economic model.
Q: Charging $17.99 a month for an unlimited number of movie rentals (three at one time), Netflix…
A: Demand is defined in economics as customers' desire to purchase goods and services and their…
Q: Consider an economy currently in recession economy, as discussed in class? O Raising the money…
A: Recession: It is an economic situation where the GDP falls for two or more consecutive quarters. It…
Q: To answer this question please refer to chapter 13, "Development Economics: The Wealth and Poverty…
A: Charles Wheelan's Naked Economics:Undressing the Dismal Science is a simple book to understand the…
Q: Discuss "free market economy" using definition, characteristics, advantages and disadvantages
A: Free market is market where economic decisionwhat to produce, how to produce and for whom to produce…
Q: 27
A: MC =30 P= 100-Q And monopoly is able to charge perfect price discrimination.
Q: What impact has the global outbreak of Covid19 had on post
A: Postsecondary Education, otherwise called tertiary education, is the education level that follows…
Q: When Ahmed's income was $2,00, he bought 6 bagels and 10 donuts a month. Now his J income is $1,500…
A: Income elasticity of demand is used to find the ratio between relative change in quantity demanded…
Q: If the demand for a good increases with a decrease in its pric the good is: A normal good. O An…
A: Equilibrium is achieved at the output level where Qs equals Qd.
Q: A10 Depict on graph and briefly explain effects of import tariff (economic consequences for the…
A: Tariff is a government-imposed tax on imports. They raise consumer prices, cause a drop in imports,…
Q: Use the following data to answer the question below. Malaysia data: The annual growth rate of…
A: Production function with total factor productivity, labor’s share and capital’s share of income is…
Q: Conduct the Five forces analysis for the company "Under Armour".
A: The Porter's Five Forces Model has been a useful tool for prospective investors to examine the…
Q: Question 16 Assume the United States is a large consumer of steel that is able to influence the…
A: Equilibrium in the market occurs at the intersection of demand and supply curves.
Q: Program A or Program B will be introduced. The table presents net valuations (s;, value minus cost).…
A: The Vickrey-Clarke-Groves mechanism is a truth-telling system in which people are rewarded for being…
Q: Problem 3. The demand function for a particular product is √50-p². Find out if the demand is elastic…
A: The demand function is: Q = a - bP The formula for elasticity is given by: e = dQdP x PQ
Q: what lessons about food security can the world learn from indigenous farmers/communities? Explain…
A: Food security refers to the amount of food that is available, accessible, and affordable. Food…
Q: Sandra has a short-run cost function of producing good 1 of c(q) = 4q² + 40 where q is the quantity…
A: Given the information: TC = 4q2+40Price = P = MR = $24
Q: You are a CEO of a firm that is a natural monopoly in the electric supply sector with costs and…
A: A natural monopoly is a monopoly in which the main producer in an industry, generally the first…
Q: Question 16 Explain why interest rates that consumers and businesses pay must rise, at least in the…
A: Interest rate is considered as the rate at which an individual lends the money to another individual…
Q: We classify Three Possible Long-Run Average Cost Curves for a Multiplant Firm; given the following…
A: A planning curve is a long-run average cost curve. This is because a company aims to create an…
Q: How does the ability to discriminate correctly affect his or her earnings?
A: The law of supply and demand governs how much a product costs. In a perfect or free market,…
Q: The rate at which one currency can be exchanged for another is the exchange rate. B) Exchage rates…
A: Exchange rate - The exchange tells us about the worth of the currency of one country in comparison…
Q: Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small"…
A: In the figure, it is given that the world price is $ 3. The country will import the good because…
Q: What is the marginal benefit associated with producing six units of the control variable, Q…
A: Marginal benefit refers to additional benefit derived from producing one more unit of input.
Q: Why does price leadership sometimes evolve in oligopolistic markets?
A: Price leadership refers to the competiton among firms to get some control over market price and…
Q: Your younger brother needs $600 to buy a new computer. He has opened a sandwich stand to make the…
A: The elasticity of demand is the reaction of demand due to change in price of goods and services,…
Q: Draw the following isoquants: a. In the production of exams, two computers and one person can turn…
A: In the field of economics, an isoquant is a curve that, when plotted on a graph, displays all of the…
Q: MC Qu. 03-320 Refer to the above graph, which shows the market... Supply 8 01:19:02 eBook References…
A: Answer: There is a positive relationship between income and demand for a good. When the income rises…
Q: QUESTION 7 Price N 02 M Demand Quantity Fer to the graph above that area) represents the producer…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: economy is productively efficient when producing [Select] the oduction possibilities frontier and it…
A: Production possibility frontier shows the different combinations of two goods that can be produced…
Q: Price (dollars per gallon) 2.00 1.50 1.00 Price Ceiling 60 20 0 10 20 30 40 50 60 70 80 90 100 110…
A: Price ceiling refers to maximum legal price that can be charged for a good. A binding price ceiling…
Q: Question #2: 2) Your company purchases a new CNC machine for $100,000 today (beginning Year 0). In 8…
A: To find the total cost per part we need to find aggregate annual cost of the CNC machine . Initial…
Q: of Naked Economics, Charles Wheelan explains alternative exchange rates systems. To which of the…
A: A fixed exchange rate can be defined as a system of exchange rate that ties the country's official…
Q: Zhao Co. has fixed costs of $378,200. Its single product sells for $179 per units, and variable…
A: Variable prices change primarily based totally on the quantity of output produced. Variable prices…
Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…
A: Following is the given information: First cost of machine = P1800000 Salvage value = P300000 Time =…
Q: facing the flowing demand schedule P24-30 That Ondes P24 h Ops 27, and Q2 entals P1, and so one Fed…
A: Profit = Total Revenue - Total Cost = TR - TC A monopolist maximizes profits where MR = MC which…
Q: In 2019 Country A had a current account deficit of $1.2 billion. CountryA's capital account was in a…
A: Current Account is the account which show the value of export and imports done by country in a…
Q: Our textbook discusses two methods of regulating natural monopolies. One of them is price cap…
A: A price-cap regulation is a kind of economic regulation that limits the amount of money a utility…
Q: 2
A: Balance of trade is the difference between exports and imports for goods and services. The balance…
Q: Expand the following abbreviations: IMF FEMA NASDA
A: IMF = International Monetary Fund is an international financial institution, headquartered in…
Q: You want to buy a new machine. It's going to cost $200,000 and have a salvage value of $15,0 after 7…
A: Let us assume the annual revenue which would provide 12% return be 'x' . If we discount the net…
Q: Outline and critically evaluate the main arguments in the literature on bank competition and…
A: A bank's capital includes all the money, which it has accumulated over the years, from depositors…
Step by step
Solved in 2 steps
- 4. Relate cycles, seasonality and trends in time series forecasting. What is their relevance in such type of forecasting? 5. Illustrate one example/scenario when judgmental forecast is utilized.2. Montyboy Pet Shop ships boxed can dogfood anywhere in the country. Using the following information, forecast the shipments for the first four months. Seasonal Relative Month January February March 1.2 1.3 1.3 1.1 0.8 0.7 The monthly forecast equation being used is: Yt = 402 + 3t April May June Where: to = January last year Yt = number of shipments Month July August September October November December Seasonal Relative 0.8 0.6 0.7 1.0 1.1 1.4 Question: Determine the trend amounts for the first four months of the next year assuming January, t=24; February, t=25; etc. Note: Round answers to whole numbers.Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast the number of employees who will seek appointments. The director has gathered the following time series data recently Period Employee Appointments 4 weeks ago 95 3 weeks ago 80 2 week ago 65 last week 50 a. What would naive forecasting suggest as the number of employee appointments that can be expected this week? " b. b. What is this week's forecast for employee appointments using a 3-week moving average? What would the same forecast be using a 2-week moving average?"
- Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast the number of employees who will seek appointments. The director has gathered the following time series data recently Period Employee Appointments 4 weeks ago 95 3 weeks ago 80 2 week ago 65 last week 50 a. What would naive forecasting suggest as the number of employee appointments that can be expected this week? "b.1. How is the judgmental forecasting executed? 2. How is judgmental forecasting relevant in making decisions? 3. Differentiate Weighted Moving Average Forecast from Smoothing Forecast? 4. Relate cycles, seasonality and trends in time series forecasting. What is their relevance in such type of forecasting? 5. Illustrate one example/scenario when judgmental forecast is utilized.A police station had to deploy a police officer for an emergency multiple times in the last four evenings. The table below shows the number of emergencies each evening. Weekday Number of calls each day Monday Tuesday Wednesday 9. 12 Thursday 12 What would be their forecast for Friday using a naïve forecasting approach? Forecast for Friday calls KPrev 4 of 5 Next
- The demand of a product of a company is given below for the periods. Can we use Winter method for forecasting demands of the A following 3 periods? Why? If yes, apply it past 4. 6. Demand 27 31 40 31 35 45Which of the following approaches can help you mitigate the challenges of poor forecasts? a. Obtain and use the best, most recent information available b. Always use simple forecasting techniques c. Build flexible operations d. Minimize inventory Oe. All of the above Of. a and c'only g. b and d onlyI Consider the demand for trading cards listed below. Month Demand Jan. 51,000 48,000 Feb. March 55,000 April May 58,000 66,000 June 69,000 80,000 July Aug. 95,000 Use Excel to prepare a forecast for September, October, and November using linear regression Print out the sheet of results, as well as a sheet containing the formulas that you used ( can be used to toggle between displaying values and displaying formulas or you can click on Formulas>Formula Auditing→Show Formulas.) and for the cars is 16.000
- 4. Suppose we have a summary of forecasting techniques calculation results for Gundam Auto Sales Inc. (in the prior item) as follows: Mean Next Standard Period Error Forecasting Method Used Forecast (MSE) 1.3-period UnWMA 10.42 3.24 2.4-period UnWMA 10.38 3.51 3.3-period WMA 10.83 3.03 4. Simple Exponential Smoothing 5. Trend Projection 8.24 5.04 11.43 1.16 a. Which among the techniques is the most reliable? b. What does the result of the most reliable technique say?Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast the number of employees who will seek appointments. The director has gathered the following time series data recently Period Employee Appointments 4 weeks ago 95 3 weeks ago 80 2 week ago 65 last week 50Discuss how you would conduct sales forecasting when working with government aganecy. Be sure to include considerations arising from the pandemic.