An economist claims, based on an econometric study, that high pro ts in a certain industry are explained by that industry's high Her ndahl-Hirschman Index (HHI). If you felt, based on your knowledge of the industry, that this claim were untrue, what critical questions could you ask about the HHI used for the study?

A potential customer has described the following scenario to you:We need to keep track of the data that our manufacturing firm needs to run smoothly.We make a number of products, each of which is manufactured by a different de-partment. Products are made up of a number of parts. Parts are bought fromsuppliers.You have been asked to perform a preliminary analysis of the scenario:a) Identify four sets of values from the scenario. b) Identify three relations from the scenario. c) Draw an entity-relationship diagram to visualise the sets and relations you have identi-fied. d) Use the relations you identified in part b) to define the following:i) A relation that records the parts that a department needs. ii) A relation that records the suppliers that a department deals with

Why is knowing (or estimating) the product demand so crucial for a firm? What are the differences between estimating and forecasting demand? In your response, include an example of a business that has suffered from poorly forecasting the demand of its products. Evaluate how or why the business made such a mistake.To keep our discussion more interesting, please use examples that are not from our textbook.

Jason Stilton is the chief executive officer of RightLiving a company that buys life insurance policies at a discount from terminally ill persons and sells the policies to investors for 85% of the value of the future benefit. The patients recieve the cash to use for medical and other expenses and the investors are guaranteed a positive return on  thier investment. The diffreance between the purchace and sale prices is the RightLivinf Profit.  Stilton is aware that some sick patients may obtain insurance policies through fraud (Not revealing thier illness on the insurance application). An insurance company that discovers such will cancel the policy and refuse to pay. Stilton beleives that most of the policies he has purchased are legitimate, but he knows some are probably not. Question Using IDDR approch, discuss the decision process Stilton should use in deciding whether to disclose the risk of fraudulent policies to potential investors.

Detailed answers (a) (b) &(c)

Price Per KM(S) 0.9 0.8 0.7 0.6 0.5- 0.4 0.3 0.2 0.1 T U V W KM DRIVEN (000s KM) PLEASE COMPLETE TABLE BELOW ONLY USING ABOVE INFORMATION T = 29,000 KM U = 36,000 KM 80 V = 44,000 KM W=47,000 KM What is the TFC at V? 19000 What is the AFC at V (2 Decimals)? 0.43 If AVC is 0.35 at V, what is the TVC? 15400 What is the BREAKEVEN Quantity (PUT LETTER)? What is the SHUTDOWN Quantity (PUT LETTER)? ATC at T is: $0.75/KM TC at U is: $25920 Find the Marginal Cost between T and U (Answer to 2 Decimals and always positive)?$ 6.92 If Price of an UBER RIDE is $0.7/KM: What is the number of KMS Driven by Jim? KM What is the total Revenue at this point? $ ☐ What is the total Cost at this point if AVC is $0.35 per KM? $ What is the Profit/Loss at this point? $