Answer:
what are brownies made of
Explanation:
You are considering buying a candy-manufacturing machine. The first cost is expected to be
$310,940
, with estimated net revenues of
$40,000
per year over a 15 -year life. After 15 years, the machine will be sold for its salvage value. You speak with the accounting department, and they tell you that the historical average straight-line depreciation rate for that type of equipment is
$20,000
per year. From that information you know that you can calculate the salvage value and the declining balance depreciation rate. If the company's after-tax MARR is
6.5%
and its corporate tax rate is
45%
, what is the annual worth of this project?
Given that the first cost is expected to be $310,940, estimated net revenues of $40,000 per year over a 15-year life. The company's after-tax MARR is 6.5% and its corporate tax rate is 45%.
The declining balance depreciation rate is given by the formula : Depreciation = Depreciation rate x Beginning book value. At the beginning of the first year, the beginning book value of the equipment is $310,940. So, the depreciation for the first year is $20,000. Depreciation rate= $20,000/$310,940= 0.064314812or 6.43%.
Since the machine will be sold for its salvage value, we can obtain the salvage value by using straight-line depreciation. The annual straight-line depreciation rate is given by: Depreciation Rate= (Purchase Price - Salvage Value)/Useful life.
Given that Useful life is 15 years, Purchase price is $310,940, Historical straight-line depreciation rate is $20,000. Hence, Salvage value = Purchase Price - (Depreciation Rate x Useful life). Salvage value = $310,940 - ($20,000 x 15) = $10,940.
Net revenue = $40,000, Tax rate = 45%, After-tax revenue = (1-Tax rate) * Net revenue= (1-0.45)*$40,000= $22,000. Annual Worth = (P/A, i%, n) = (22,000/A, 6.5%, 15). Annual worth = 22,000/9.2698 = $2371.93. Therefore, the annual worth of this project is $2,371.93.
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Consider a two-period endowment economy populated by identical households with preferences defined over consumption in period 1, C1 and consumption in period 2, C2, and described by the utility functionlnC1 +ElnC2where C1 denotes consumption in period 1, C2 denotes consumption in period 2, and E denotes the expected value operator. Each period, the economy receives an endowment of 10 units of food. Households start period 1 carrying no assets or debts from the past (B0 = 0). Financial markets are incomplete. There is a single internationally traded bond that pays the interest rate r∗ = 0.a) Compute consumption, the trade balance, the current account, and national saving in period 1.b) Assume now that the endowment in period 1 continues to be 10, but that the economy is prone to severe natural disasters in period 2. Suppose that these negative events are very rare, but have catastrophic effects on the country’s output. Specifically, assume that with probability 0.01 the economy suffers an earthquake in period 2 that causes the endowment to drop by 90 percent with respect to period 1. With probability 0.99, the endowment in period 2 is 111/11. What is the expected endowment in period 2? How does it compare to that of period 1?c) What percent of period 1 endowment will the country export? Compare this answer to what happens under certainty and provide intuition.d) Suppose that the probability of the catastrophic event increases to 0.02, all other things equal. Compute the mean and standard deviation of the endowment in period 2. Is the change in probability mean preserving?e) Calculate the equilibrium levels of consumption and the trade balance in period 1.
a) In period 1, the households will consume all of the endowment, 10 units of food. This means that the trade balance and the current account will be zero, and the national saving will also be zero.
b) The expected endowment in period 2 is 10.9 units of food. This is slightly lower than the endowment in period 1, which is 10 units of food.
c) Since the households consume the entire endowment in period 1, 100% of the period 1 endowment will be exported. This is different than what happens under certainty, where the households consume part of the endowment in period 1 and export the remainder.
d) With a probability of 0.02 of a catastrophic event, the mean endowment in period 2 is 10.816 units of food, and the standard deviation is 0.083. The change in probability is not mean preserving since the expected endowment decreased.
e) In the equilibrium, the households consume 10 units of food in period 1. The trade balance and the current account will be zero, and the national saving will also be zero.
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d) “Science gives more evidence for creation than a belief in God”
Evaluate this statement considering arguments
both for and against. In your answer you should:
Refer to Catholic teaching
Refer to different Christian and non-religious
beliefs
Reach a justified conclusion
In the past, people have believed that science and religion are at odds, especially when it comes to the issue of origins. History demonstrates that science and religion have frequently been mutually beneficial.
Is science an ideology?Science is a "open belief system"; the data that scientists gather are subject to outside scrutiny. So, research results can be contested. Popper asserts that a key component of the scientific method is the process through which scientists examine the findings of other scientists critically.
What link exists between religion and science?The relationship between science and religion has often been described as tense, particularly when it comes to the question of origins (creationism vs. evolution). Science and religion have always clashed more than other groups.
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In countries where government officials are neither selected by free elections nor open to criticism by a free press, the lives of citizens are controlled by policies they have had no role in creating. This is why such countries are prone to civil disorder, in spite of the veneer of calm such countries often present to a visitor. When people do not understand the purpose of the restrictions placed on their behavior they have a greater tendency to engage in civil disorder as an expression of their frustration.
Which one of the following is an assumption on which the argument depends?
(A) People who have had a role in making the laws that govern their own behavior act more rationally than those who have not.
(B) A free press is better able to convey to citizens the purpose of government policy than is a press controlled by the government.
(C) Civil disorder cannot be prevented by security forces alone, however great the powers granted them by the government.
(D) People tend not to understand the purpose of restrictions unless they participate in their formulation.
(E) Civil disorder does not generally occur in countries that have either free elections or a free press.
The assumption on which the argument that "In countries where government officials are neither selected by free elections nor open to criticism by a free press, the lives of citizens are controlled by policies they have had no role in creating .This is why such countries are prone to civil disorder " depends is that People tend not to understand the purpose of restrictions unless they participate in their formulation. The correct answer is option D.
This is because the argument states that "when people do not understand the purpose of the restrictions placed on their behavior they have a greater tendency to engage in civil disorder as an expression of their frustration."
Therefore, it is assumed that people need to participate in the formulation of restrictions in order to understand their purpose and avoid engaging in civil disorder. The correct answer is option D.
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listen to exam instructionswhich technology was developed to help improve the efficiency and reliability of checking the validity status of certificates in large, complex environments?
The technology developed to help improve the efficiency and reliability of checking the validity status of certificates in large, complex environments is Online Certificate Status Protocol (OCSP).
Online Certificate Status Protocol (OCSP) is the technology developed to help improve the efficiency and reliability of checking the validity status of certificates in large, complex environments. It is a protocol used for checking the revocation status of an X.509 digital certificate in real-time.OCSP was developed to address the limitations of the CRLs (Certificate Revocation Lists). A CRL is a list of certificates that have been revoked, and it's used to verify if a certificate is still valid.
However, CRLs can be huge and complex, and they can take a long time to download and process.OCSP, on the other hand, is faster and more efficient than CRLs because it verifies the status of a certificate in real-time. Instead of downloading a long list of revoked certificates, the OCSP responder provides a response to the client that contains the status of the requested certificate. This allows the client to quickly determine if the certificate is still valid or not.
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1. Explain how globalization fueled the financial crises of 2008 2. What was the role played by governments around the world in the crisis, in each case suggest how they would have helped forestall the occurrence of the crisis
Globalization fueled the financial crisis of 2008 by creating an increasingly interconnected global economy that made it easier for investors to move large sums of capital around the world, which then created a significant increase in global risk.
Governments around the world played a role in the crisis in several ways
This global risk was further magnified by the deregulation of financial markets, which reduced oversight and supervision of global investments.
Governments around the world played a role in the crisis in several ways. Many governments had inadequate oversight of the financial sector, which allowed for high-risk investments and activities to go unchecked.
Governments also allowed for too much liquidity to flow into the economy, leading to excessive speculation in housing and other financial assets. To forestall the occurrence of the crisis, governments should have implemented tighter regulations on financial institutions and monitored global investments more closely.
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Title: Boston Tea Party Eyewitness Account: Joshua Wyeth.
How did the author organize the ideas presented in the text? Answer and give 2 details please.
The Sons of Liberty staged the Boston Tea Party, an American political and commercial protest, on December 16, 1773, in Boston, Massachusetts.
What is Boston Tea Party?
Joshua Wyeth's comments served as the basis for the first participant's account of the Boston Tea Party to be published. He joined other patriots in boarding the tea ships in Boston Harbor when he was barely sixteen years old. Mr. Wyeth, who spent his latter years in Cincinnati, told a journalist his tale. 53 years after the occurrence of the incident, in 1826, the report was published.
Demonstrators jumped on board the ships and dumped the tea chests into Boston Harbor. The demonstration was viewed as treason by the British authorities, who reacted violently. When the incident developed into the American Revolution, it rose to prominence in American history. Since then, several political movements, like the Tea Party movement, have identified to themselves as the Boston protest of 1773's historical heirs.
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In order to calculate pressure exerted on a surface. What quantity is divided by the surface area?
Answer:
64
Explanation:
look it up
Most economists advocate letting individuals make their own judgments if they are sufficiently informed in the case where a community has members with various risk preferences.
Why may this be the most widely held belief in the industry?
How should the bar for being knowledgeable enough be set?
Provide an example of a dangerous good or activity that only directly exposes participants to risk and one that results in an externality that exposes participants to risk.
Describe how the risk analysis assessment could be completed for at least one of these products, and give a case for or against the risk assessment changing due to the presence of an externality.
The risk analysis assessment is an important tool for economists who advocate letting individuals make their own judgments, particularly when there are various risk preferences among community members.
The assessment allows for the identification of potential risks and the evaluation of their relative severity. It is typically done by considering potential losses, costs, and liabilities associated with a product.
To do a risk analysis assessment for one of these products, it is important to consider all of the potential risks associated with it. This includes the financial risks, such as the costs associated with liability, as well as non-financial risks, such as potential reputational damage.
The risk analysis should also factor in externalities, which are the impacts that the product may have on external parties or on the environment. After considering all of the potential risks associated with the product, the risk assessment should then be evaluated to determine the overall risk.
The presence of externalities can be an important factor when it comes to the risk assessment. If there are externalities associated with the product, the risk assessment should be adjusted to take them into account. For example, if a product causes air pollution, then this should be factored into the risk assessment.
This can help to ensure that the risk assessment is more accurate and that it takes into account any potential externalities.
In conclusion, the risk analysis assessment is an important tool for economists who advocate letting individuals make their own judgments in the presence of various risk preferences. When completing a risk analysis assessment for one of these products, all potential risks should be considered, including externalities.
Doing so can help to ensure that the risk assessment is more accurate and that it takes into account any potential externalities.
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4. For the following list of items, indicate if they are in M1, M2, or neither:
A.Your $5,000 line of credit on your Bank of America card
B.$50 dollars’ worth of traveler’s checks you have not used yet
C.$1 in quarters in your pocket
D. $1200 in your checking account
E.$2000 you have in a money market account
ECON Qustion
identify the theory that explains human movement as the result of the interaction between three systems: the individual or the organism, the environment, and the task.
The theory that explains human movement as the result of the interaction between three systems: the individual or the organism, the environment, and the task is known as the Ecological Systems Theory.
This theory, developed by Urie Bronfenbrenner, suggests that human development and behaviour are influenced by the complex interactions between these three systems.
The individual or organism includes factors such as genetics, personality, and physiological processes. The environment includes the physical and social environments in which the individual lives and interacts.
The task includes the specific goals and objectives that the individual is trying to achieve.
By considering the interactions between these three systems, the Ecological Systems Theory provides a comprehensive framework for understanding human movement and behaviour.
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Use the play The Smith and the Little People to answer the question. The Smith and Little People
Which common theme is revealed in the play The Smith and the Little People?
(1 point)
Responses
Appearance can be different from reality. Appearance can be different from reality. It is best to tell the truth. It is best to tell the truth. Everybody makes mistakes. Everybody makes mistakes. Good usually wins over evil. Good usually wins over evil. Help please
The common theme that is revealed in the play The Smith and the Little People is "Appearance can be different from reality.
This is evident in the play through the character of Smith, who is initially portrayed as a hardworking and honest man, but later reveals his greed and dishonesty when he tries to steal the gold that the Little People have given him.
The play shows that things are not always what they seem, and that appearances can be deceiving.
"Appearance can be different from reality" is a common theme that is found in many works of literature and can refer to situations where things are not always as they seem, and the way something appears on the surface may not reflect the truth or reality of the situation.
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Consider a perfectly competitive market with a price of $21, where each firm has a cost function of c(q) = 10+q+2/3 q^2
a) Is the market in long-run equilibrium? Explain why or why not. b) What is the value to a firm of a cost-saving process innovation that reduces the cost function to c(q) = 5_0.5q^2? c) Illustrate this innovation graphically using a well-labeled diagram.
a) No, the market is not in long-run equilibrium. The price of $21 is above the long-run equilibrium price.
What is equilibrium ?Equilibrium is a state in which opposing influences are balanced. It is a state of balance or equalibrium between two or more factors. In economics, equilibrium is when supply and demand meet at a certain price. In physics, equilibrium is when the sum of all forces acting on an object is equal to zero.
b) The value of the cost-saving process innovation to a firm is the difference between the original cost function and the new cost function, which is $10+q+2/3 q^2 - 5+0.5q^2 = $5+1.5q^2. c) The graph below illustrates the original cost function (in blue) and the new cost function (in red).
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advertisement push up the cost of an dash - grade 7
Answer:
the question is not very clear but I suppose the answer is product
the extent to which one uses a stereotype to judge a member of the stereotyped group, is called ?
The extent to which one uses a stereotype to judge a member of the stereotyped group is called stereotyping.
Stereotype refers to the act of judging people based on them being a member of a certain group or culture, based on their traits or characteristics. Stereotyping can be positive or negative and can take various forms. This can include gender, nationality, ethnicity, culture, race, and many more.
Stereotyping has a detrimental impact on the people who are stereotyped. It undermines the diversity of cultures and limits people's opportunities. Stereotyping can be harmful and may cause prejudice and discrimination. For instance, a person who is stereotyped may feel stigmatized, marginalized, and discriminated against.
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If shrimp and lobster are substitute goods
A an increase in the market price of shrimp can be expected to shift the demand for a lobster to the right and increase the equilibrium price of lobster
B and increase in the market price of shrimp can be expected to shift the demand for lobster to the right and decrease the equilibrium price of lobster
C an increase in the market price of shrimp can be expected to shift the demand for lobster to the left and increase the equalibrium price of lobster
D An increase in the market price of shrimp can be expected to shift the demand for lobster to the left and decrease the equal limbbriam price of lobster
An increase in the market price of shrimp can be expected to shift the demand for a lobster to the right and increase the equilibrium price of lobster. The correct answer is A.
When shrimp and lobster are substitute goods, an increase in the market price of shrimp can be expected to shift the demand for a lobster to the right and increase the equilibrium price of lobster.
Shrimp and lobster are considered substitute goods because both are seafood and people can choose to buy either of them in place of the other. The increase in the market price of shrimp would mean that consumers would look for cheaper alternatives, including lobster.
Therefore, there will be an increase in demand for lobster leading to a shift to the right of the demand curve. The equilibrium price of lobster will increase because of the increase in demand for lobster. The inverse relationship between the price and quantity of goods demanded is the law of demand.
The increase in the price of a good reduces the quantity demanded, while a decrease in the price of the good increases the quantity demanded. The higher the price, the lower the quantity demanded, and vice versa.
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Settlement patterns
Ecological factors
Agriculture remains the mainstay of Asia, though the proportion of the population engaged in agriculture is steadily declining. Although marginal lands in many parts of South and East Asia have been brought under cultivation, and many former pastoral ranges in Southwest and Central Asia are now irrigated, the broad ecological factors touched upon above have continued to give rise to geographic variations in population and economic activity. Parts of South and East Asia can support dense populations. Moister regions in the southwest—for example, in Turkey and northern Iran—support large populations.
Ecological considerations had, and continue to have, a significant impact on the economic development and settlement patterns of Asia.
Is income a factor in the economy?The way we do and how long we live may be greatly influenced by economic and social variables, including money, education, work, neighborhood safety, and social supports. These elements have an impact on our capacity to make healthy decisions, pay for housing and healthcare, control stress, and other things.
What geographical examples from the economy?Manufacturing and processing sectors are included in this stage of the production process. Examples include the manufacturing of steel from a mixture of minerals, milk from pastoral farming, textiles from cotton cultivation, furniture from logging, etc.
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Consider an economy with the following equations: C = 254 + 0.39
YD I = 6373 G = 736 T = 708 i=0.26 Question: What is the value of
total consumption for this economy? (please use 2 decimal
places)
The given consumption equation is C = 254 + 0.39YD
How to calculate the total consumptionIn order to calculate the total consumption for this economy, we need to find the value of YD.
YD represents disposable income and is calculated using the following equation:
YD = Y - T, where Y is income and T is taxes.
Using the given values of T and Y, we can calculate YD:
YD = Y - T = 10000 - 708 = 9292
Now we can substitute this value of YD into the consumption equation to find the value of total consumption:
C = 254 + 0.39YD = 254 + 0.39(9292) = 3661.88
Therefore, the value of total consumption for this economy is 3661.88 (rounded to 2 decimal places).
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which statement is true about temperament? it has only been a topic of study in the last decade; before this, psychologists thought that infants were similar in emotionality. it has only been assessed using cross-sectional methods. it is considered to have a biological basis. it has been defined by the same dimensions and measured the same way by various researchers.
The statement that is true about temperament is that it is considered to have a biological basis.
Temperament refers to the personality traits that are relatively stable across the lifespan, and it is believed to have a biological basis.
Temperament is considered to be an inherent characteristic of an individual, which is not determined by environmental factors alone. Temperament is believed to have a biological basis, and it can be traced back to an individual's genetic makeup.
Temperament is characterized by four dimensions, which include:
1. Activity level - the level of physical activity that an individual engages in
2. Rhythmicity - the regularity of biological functions such as sleeping and eating
3. Sociability - the level of an individual's interaction with others
4. Emotionality - the individual's response to different emotional stimuli, such as anger or fear
Thus, the statement that is true about temperament is that it is considered to have a biological basis.
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The statement that is true about temperament is "it is considered to have a biological basis."Temperament refers to a person's characteristic behavior patterns, emotional reactions, and attention span that are relatively stable across situations and over time.
It is considered to have a biological basis. Temperament is an inherited personality characteristic that varies among individuals. Temperament can be defined as an individual's natural way of thinking, feeling, and behaving that affects their responses to different environments, people, and events. Temperament is often thought to be innate or genetically determined rather than a learned trait.In the past decade, temperament has been an essential topic of study by psychologists. Before that, psychologists believed that infants had similar emotions. Researchers have defined temperament using various dimensions, and they have measured it differently from one another. Cross-sectional methods are not the only approach used to assess temperament. Temperament can be measured using various methods, including observational and self-report measures.
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Mention the reasons of rapid population growth in the terai region??
Answer:
Following are the reasons of rapid population growth in terai region.
1.Better Facility
2.Fertile soil
3.A large number of industries.
4.Oppurtunity of Job.
5.Good connection of road
how can we improve the condition of human rights in nepal
Answer:
Strengthen the legal framework: Nepal should enact and enforce laws that protect human rights and hold perpetrators of human rights abuses accountable.
Promote civic education: Education about human rights and civic responsibility can help citizens understand their rights and hold the government accountable for protecting them.
Combat discrimination: Nepal should take steps to combat discrimination against marginalized groups, including women, children, people with disabilities, and ethnic and religious minorities.
Empower civil society: Civil society organizations play a critical role in promoting human rights and holding the government accountable. Nepal should support and empower these organizations to advocate for human rights and provide services
Explanation:
Focuses on how individuals interact with one another in society
The field of study that focuses on how individuals interact with one another in society is sociology.
The field of study that focuses on how individuals interaction with one another in society is sociology. Sociology is the scientific study of human social behavior, relationships, and institutions. It seeks to understand how society is organized, how social institutions function, and how people interact with one another within social structures.
Sociologists study various aspects of society, such as culture, gender, race, social class, inequality, and social change. They use a variety of research methods, including surveys, interviews, observations, and experiments, to gather data and analyze social patterns and behaviors.
Overall, sociology helps us better understand our place in society and how we relate to others, which can be useful for solving social problems and improving people's lives.
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The complete question is :
Which field of study focuses on how individuals interact with one another in society ?
Consider the impact on the market for U.S. Treasury bonds when there is uncertainty about
returns in the US stock market. What changes in the market for U.S. Treasury bonds? What
happens to the equilibrium, price, quantity, and interest rate on U.S. Treasury bonds?
**Select ALL that apply. **
a. Demand for U.S. Treasury bonds rises
b. Demand for U.S. Treasury bonds falls
c. Demand for U.S. Treasury bonds does not change
d. Supply of U.S. Treasury bonds does not change
e. Supply of U.S. Treasury bonds rises
f. Supply of U.S. Treasury bonds falls
g. price increases
h. price decreases
i. interest rate increases
j. interest rate decreases
k. quantity increases
l. quantity decreases
The options A, G, J and L are the correct answers. When there is uncertainty about returns in the US stock market, demand for U.S. Treasury bonds rises.
This increase in demand shifts the demand curve for US Treasury bonds to the right. The shift in demand curve causes an increase in the equilibrium price of US Treasury bonds and a decrease in the equilibrium quantity of US Treasury bonds. The interest rate on US Treasury bonds decreases due to an increase in demand.
The impact on the market for US Treasury bonds when there is uncertainty about returns in the US stock market are as follows: Demand for U.S. Treasury bonds rises Price increases Quantity decreases Interest rate decreasesTherefore, options A, G, J and L are the correct answers.
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You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table.
Project Boom
(50%)
Recession
(50%)
A $20 -$10
B -$10 $20
C $30 -$30
D $50 $50
Which projects have the greatest variance? Please show work.
A. B
B. A
C. D
D. A and B
E. None of the above
Option C. D is the correct answer. Variance refers to the degree of spread of possible results of a set of data. For a hotel manager who is considering four projects that yield different payoffs depending on whether there is an economic boom or a recession.
Which projects have the greatest variance?
As mentioned in the question above, the potential payoffs and corresponding payoffs are summarized in the following table:
Project Boom (50%)Recession (50%)A $20 -$10B -$10 $20C $30 -$30D $50 $50
To calculate variance, we must first calculate the expected value of each project. The expected value of a project is determined by the following formula: Expected Value = Probability of Boom * Payoff in Boom + Probability of Recession * Payoff in Recession. For instance, the expected value for Project A is calculated as follows:
Expected Value of Project A = 0.5* $20 + 0.5* -$10 = $5
The expected value for each project is given below:
Expected Value of Project A = $5
Expected Value of Project B = $5
Expected Value of Project C = $0
Expected Value of Project D = $50
To determine the variance, we must determine the difference between the expected value of each project and the payoff in each boom and recession. Then we will square each difference and sum them up to obtain the variance.The variance for each project is given below:
Variance of Project A = (0.5*($20-$5)^2) + (0.5*($-10-$5)^2) = $12.50
Variance of Project B = (0.5*($-10-$5)^2) + (0.5*($20-$5)^2) = $12.50
Variance of Project C = (0.5*($30-$0)^2) + (0.5*($-30-$0)^2) = $900
Variance of Project D = (0.5*($50-$50)^2) + (0.5*($50-$50)^2) = $0
Therefore, projects A and B have the greatest variance with a variance of $12.50, while Project C has a variance of $900, and Project D has a variance of $0. Since the question asks for the projects with the highest variance, the answer is C. D.
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What is the meaning of laptop in France
Answer:
un portable
A laptop = “un portable”. It can be confusing though because many French people use the word “un portable” for their smartphone as well. It should be “un mobile” for the phone, but we use “un portable” as well.
Consider the model for a SOE, in which agents allocate consumption intertemporally based on their initial NFA (B0) and the current and future endowments/output (Q1,Q2), given an initial interest rate (r0). Are the following statements true, false or uncertain? Justify your answer. 1. An anticipated (future) improvement in output leads to a trade deficit today. 2. Countries X and Y are identical in all respects, except that the initial NFA of country X is greater than that of country Y. (a) Consumption in country X is higher than consumption in country Y both currently and in the future. (b) The current trade balance of country X is greater than that of country Y. (c) None of the above is true. 3. A country populated by impatient households (i.e., a country with lower β) will consume more in period 1.
The statements: 1. An anticipated (future) improvement in output leads to a trade deficit today' is false. 2. (a) Consumption in country X is higher than consumption in country Y both currently and in the future is false. (b) The The current trade balance of country X is greater than that of country Y is true. 3. A country populated by impatient households (i.e., a country with lower β) will consume more in period 1 is true.
Consider the model for a SOE, in which agents allocate consumption intertemporally based on their initial NFA (B0) and the current and future endowments/output (Q1,Q2), given an initial interest rate (r0). Whether statements are true or false is given below:
1. An anticipated (future) improvement in output to a trade deficit today. The given statement is false. An anticipated (future) improvement in output leads to an increase in consumption today, which in turn leads to a trade surplus.
2. (a) Consumption in country X is higher than consumption in country Y both currently and in the future. The given statement is false. The model doesn't account for the size of NFA and consumption.
(b) The The current trade balance of country X is greater than that of country Y. The given statement is true. The initial NFA of country X is greater than that of country Y. It indicates that the current trade balance of country X is greater than that of country Y.
3. A country populated by impatient households (i.e., a country with lower β) will consume more in period 1. The given statement is true. A country populated by impatient households (i.e., a country with lower β) will consume more in period 1 because the model does not account for the size of NFA and consumption.
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fill in the blank. although it is often an inexpensive source,___are sometimes not adequate to meet the needs of the researcher since they were acquired for some purpose other than the research question at hand.
Although it is often an inexpensive source, secondary data are sometimes not adequate to meet the needs of the researcher since they were acquired for some purpose other than the research question at hand.
Secondary data are data that were originally collected by someone other than the researcher. The researcher gathers the data from someone else's study or research, instead of collecting data themselves. In many cases, secondary data may be the only available source of data, or it may be far more convenient to obtain secondary data than to gather primary data.
Primary data refers to the original data gathered by a researcher for a particular research purpose. Primary data collection requires researchers to be present in the field, laboratory, or other places where the data is gathered. The primary benefit of secondary data is that it is frequently considerably less expensive to obtain.
However, although it is often an inexpensive source, secondary data are sometimes not adequate to meet the needs of the researcher since they were acquired for some purpose other than the research question at hand. Therefore, the researcher should be cautious when using secondary data in their research.
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Can you help me solve this economic problem?
Scarcity and Opportunity Costs: The problem of scarcity refers to the fact that resources are limited while our wants and needs are unlimited. This means that we have to make choices about how to allocate resources. Opportunity cost is the value of the next best alternative that we have to give up when we make a choice.
2. Supply, Demand, and Price: Supply refers to the amount of a good or service that producers are willing and able to offer for sale at a given price. Demand refers to the amount of a good or service that consumers are willing and able to buy at a given price. Price is determined by the interaction of supply and demand in the market.
3. Economic Systems and the Three Basic Questions: Economic systems are the institutional arrangements that societies use to allocate resources and coordinate economic activity. The three basic economic questions are: what to produce, how to produce it, and for whom to produce it. Different economic systems answer these questions in different ways, such as through market economies, command economies, or mixed economies.
What is scarcity about?The problem of scarcity refers to the limited availability of resources in relation to the unlimited wants and needs of people. This means that people have to make choices about how to allocate resources to fulfill their most pressing needs and wants, which involves an opportunity cost.
Therefore, Supply and demand are two key factors that determine the price of goods and services in a market economy. Supply refers to the amount of a product that producers are willing and able to offer for sale at a given price, while demand refers to the amount of a product that consumers are willing and able to buy at a given price
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Economics Final 2020 Concept Understanding and Mastery
1. Explain the problem of scarcity and how all decisions involve opportunity costs. 2. Explain the relationship between supply, demand, and price.
3. Explain different economic systems and how they answer the three basic economic questions.
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7. Suppose that the demand curve for garbanzo beans is given by
Q = 20 − P
where Q is thousands of pounds of beans bought per week and P is the price in dollars per pound.
a. How many beans will be bought at P = 0?
b. At what price does the quantity demanded of beans become 0?
c. Calculate total expenditures (P • Q) for beans of each whole dollar price between the prices identified in part a and part b.
d. What price for beans yields the highest total expenditures?
e. Suppose the demand for beans shifted to Q = 40 − 2P. How would your answers to part a through part d change? Explain the differences intuitively and with a graph.
The quantity of beans bought when p = 0 is 20 thousand, the price of beans when the quantity demanded is zero is $20. The price that yields the highest total expenditures is $10 per pound.
How many beans will be bought at P = 0?a. When P = 0, the demand curve becomes Q = 20 - 0 = 20. This means that 20 thousand pounds of beans will be bought per week when the price is free (zero).
b. To find the price at which the quantity demanded of beans becomes zero, we set Q = 0 and solve for P:
0 = 20 - P
P = 20
Therefore, when the price is $20 per pound, the quantity demanded of beans becomes zero.
c. To calculate the total expenditures (P • Q) for beans of each whole dollar price between the prices identified in part a and part b, we need to substitute the demand equation Q = 20 - P into the expression P • Q. Then we have:
P • Q = P(20 - P) = 20P - P^2
For each whole dollar price from $0 to $20, we calculate the corresponding quantity demanded using Q = 20 - P, and then multiply by the price to get the total expenditure. The results are shown in the table below:
Price (P) Quantity Demanded (Q) Total Expenditure (P • Q)
$0 20 $0
$1 19 $19
$2 18 $36
$3 17 $51
$4 16 $64
$5 15 $75
$6 14 $84
$7 13 $91
$8 12 $96
$9 11 $99
$10 10 $100
$11 9 $99
$12 8 $96
$13 7 $91
$14 6 $84
$15 5 $75
$16 4 $64
$17 3 $51
$18 2 $36
$19 1 $19
$20 0 $0
d. To find the price for beans that yields the highest total expenditures, we can take the derivative of the expression for total expenditure with respect to P and set it equal to zero:
d(P • Q)/dP = 20 - 2P = 0
Solving for P, we get:
P = 10
Therefore, the price that yields the highest total expenditures is $10 per pound.
e. If the demand for beans shifted to Q = 40 - 2P, then the new demand curve would be steeper than the original one. This means that for any given price, the quantity demanded would be lower than before. The answers to parts a through d would change as follows:
a. The new quantity demanded at P = 0 would be Q = 40 - 2(0) = 40 thousand pounds of beans per week.
b. To find the new price at which the quantity demanded of beans becomes zero, we set Q = 0 and solve for P:
0 = 40 - 2P
P = 20
Therefore, when the price is $20 per pound, the quantity demanded of beans becomes zero, which is the same as before.
c. We can calculate the new total expenditures for each whole dollar price using the expression P • Q = P(40 - 2P) = 40P - 2P^2
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Congress passed the federal-aid highway act in 1956, which funded more than miles of interstate highways across the country