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- Question 5 5.1 Suppose an economy's production function is Y = AK“L'«. If the annual rate of economic growth is 4.5 per cent and labour and capital are both growing annually by 3 per cent and 4 percent respectively, what contribution to growth is made by total factor productivity? You can assume that labour receives 65 per cent of the total income generated in this economy. 5.2 Does this mean that labour contributes 65 per cent of the increased output? Explain.Question 3: Jerry has preferences over cats, c, and hats, h, that can be described by u(c, h) = min{2c, 2h}. Sketch the following curves (where pertinent, put c on the horizontal axis and h on the vertical axis): (1) Jerry's price consumption curve as the price of cats p. changes. (2) Jerry's demand curve for cats. (3) Jerry's income consumption curve. (4) Jerry's Engel curve for cats and Jerry's Engel curve for hats.Kerrigan Corporation announced on November 1, 2021 that company's CEO has been terminated and that James McCabe will become the company's new CEO. Kerrigan has had decreasing income over the last several of years. McCabe will be responsible for improving Kerrigan's future performance. What earnings management technique will the company probably utilize as a result of hiring a new CEO? Question 31 options: a) Accelerating future period expenses into the current period b) Accelerate current period revenues into future periods c) Big Bath d) Increase cookie jar reserves
- Question 5 AIT computer department purchases a new computer every two years with preferences for three models; T1, T2 and T3. If the present model is T1, the next computer may be T2 with probability 0.2 or T3 with probability 0.15. If the present model is T2, the probabilities of switching to T1 and T3 are 0.6 and 0.25 respectively. And if present model is T3 then, the probabilities of switching to T1 and T2 are 0.5 and 0.1 respectively. Represent the situation as a Markov chain.1Question 9 According to force-field theory, a state of inertia occurs when A an organization increases the forces for change. an organization reduces resistance to change. the forces for change decreases while the resistance to change drops. D) the forces for change and the resistance to change are evenly balanced. the forces for change decrease while resistance to change increases. E amaining
- QUESTION 12 21 What effect of changing C3 from 6 to 4.82 on the final value of objective function? Knownig that 4< C3Question B1: Simply Storage is a large storage business operating in several major cities in the UK. It runs the firm as a franchise. The parent company uses a centralised organisational structure. All franchises have to use exactly the same procedures. Each franchise is run by self-employed owners/managers who provide the warehouse space, either by owning it or renting it. The owners of each franchise are also responsible for developing their individual businesses and increasing turnover. The most successful franchise owners have built up very profitable businesses over the years. Simply Storage does not give any incentives to its warehouse staff. They are paid an hourly rate and there is never any overtime. The opportunities for promotion are very limited as on average a franchise only employs four staff. There is high staff turnover as many staff stay a few months then move on. a) Explain two ways in which the centralised organisational procedures might affect the way in…Question 1 You are given the following information about a wooden crate that is being shipped to by truck to the city of New York. Rate = $6.00/pounds w/m, Weight = 200 pounds; Dimensions: Length = 30 inches, Width = 40 inches, Height = 36 inches How much will the shipper be charged? $1200.00 $150.00 $200.00 $1500.00According to the Dependence Effect, consumers control the market through their purchases and so direct what is produced. Question 10 options: True FalseCompensatory damages compensates a Plaintiff for injuries suffered, such as medical expenses and loss of consortium. Question 12 options: TRUE FALSE None of the above All of the aboveQuestion13: Zmin=600x1+100x2 5x1+4x2>=20 -x1+x2>=2 x1>=1 x2<=6 x1,x2>=0 Which of the following is true about the graphical solution method of the given linear programming model? 1-) the optimal Z value is 1133.33 2-) A feasible solution area is a triangle. 3-) the optimal solution occurs at the point (1 ; 3.75). 4-) One of the endpoints providing the constraints is (4 ; 0) point. 5-) the optimal solution occurs at the point (1.33; 3.33).SEE MORE QUESTIONS