...Economics Problems Assignment Click Link Below To Buy: http://hwcampus.com/shop/economics-problems-assignment/ Problem 1 Draw indifference curves representing the following individuals' preferences for Hemingway novels and issues of Sports Illustrated (SI) magazine. Please provide answers to the questions as well. a. Cy is an English teacher, soccer coach, and passionate Dallas Cowboys fan. He loves both literature and sports trivia. However, when he reads too many novels in a period he craves current sports stories, and vice versa. What happens to Cy's MRS of SI issues for Hemingway novels as he reads more SI issues? (HINT: remember that we define MRS as "x" for "y" and draw your graph accordingly.) b. Ernest only reads for the sake of learning new vocabulary. The content of what he reads does not matter to him as long as he encounters new words. He learns twice as many new words from a Hemingway novel as from an issue of SI. What happens to Ernest's MRS of SI issues for Hemingway novels as he reads more SI issues? What type of goods are these for Ernest? c. Ozlem loves American novels. And, though she is married to a college basketball coach, she derives no pleasure from reading about sports. What happens to Ozlem's MRS of SI issues for Hemingway novels as she reads more SI issues? Problem 3 Mara and Christina each have an income of $900 which they spend entirely on jeans and pairs of shoes. They exclusively buy a brand of jeans that sells for $75 a...
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...4:00 p.m., or by appointment. Course website: http://users.encs.concordia.ca/~tian/INSE6310 On the course website, you can find lecture slides, handouts, course project information, and other resources. Students are suggested to visit the course website regularly. 2. Course Description • This course teaches basic concepts, models, methods and tools in maintenance management. The related reliability concepts, deterministic replacement, preventive maintenance and condition based maintenance will be discussed. Case studies will be performed. Software tools will be introduced. 3. Prerequisites • • A solid background in Probability and Statistics is required to be successful in this course. MATLAB will be used as a tool to solve assignment problems (primarily Matlab and the Optimization Toolbox). 4. Course Materials • Textbook (required): o Andrew K.S. Jardine, Albert H.C. Tsang. Maintenance, Replacement, and Reliability: Theory and Applications, CRC Press, Taylor & Francis Group, 2006. ISBN: 0849339669 • Available at the Concordia University Bookstore. • Put on reserve at the library, and can be borrowed and kept for up to 24 hours. References: o John D. Campbell, Andrew K.S. Jardine. Maintenance Excellence: Optimizing Equipment Life-Cycle Decisions, Marcel Dekker Inc., 2001. ISBN: 0824704975 o Other related books on maintenance, reliability, probability and statistics. • 5. Schedule (tentative) Lecture No. 1 Date Wed. Jun. 29 Topics Introduction...
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...Introduction The Hungarian method is a combinatorial optimization algorithm which was developed and published by Harold Kuhn in 1955. This method was originally invented for the best assignment of a set of persons to a set of jobs. It is a special case of the transportation problem. The algorithm finds an optimal assignment for a given “n x n” cost matrix. “Assignment problems deal with the question how to assign n items (e.g. jobs) to n machines (or workers) in the best possible way. […] Mathematically an assignment is nothing else than a bijective mapping of a finite set into itself […]” [1] The assignment constraints are mathematically defined as: [pic] To make clear how to solve an assignment problem with the Hungarian algorithm we will show you the different cases with several examples which can occur . Example 1 – Minimization problem In this example we have to assign 4 workers to 4 machines. Each worker causes different costs for the machines. Your goal is to minimize the total cost to the condition that each machine goes to exactly 1 person and each person works at exactly 1 machine. For comprehension: Worker 1 causes a cost of 6 for machine 1 and so on … [pic] To solve the problem we have to perform the following steps: Step 1 – Subtract the row minimum from each row. [pic] Step 2 – Subtract the column minimum from each column from the reduced matrix. [pic] The idea behind these 2 steps is to simplify the matrix since the solution of the...
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...DQs.doc FIN 467 Week 1 Individual Assignment Internet Article Review.doc FIN 467 Week 2 DQs.doc FIN 467 Week 2 Individual Assignment Problem Set.xls FIN 467 Week 2 Team Assignment Property Selection Report Spreadsheet.xlsx FIN 467 Week 2 Team Assignment Property Selection Report Summary.doc FIN 467 Week 3 DQs.doc FIN 467 Week 3 Individual Assignment Investing in Real Estate Simulation.doc FIN 467 Week 3 Team Assignment Family Appraisal Powerpoint.pptx FIN 467 Week 4 - Individual Assignment Problem Set.xls FIN 467 Week 4 DQs.doc FIN 467 Week 4 Team Assignment Mortgage Rate Powerpoint.pptx FIN 467 Week 5 DQs.doc FIN 467 Week 5 Team Assignment Selected Property Investment Paper.xlsx Activity mode aims to provide quality study notes and tutorials to the students of FIN 467 Entire Course in order to ace their studies. FIN 467 ENTIRE COURSE To purchase this visit here: http://www.activitymode.com/product/fin-467-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM FIN 467 ENTIRE COURSE FIN 467 Week 1 DQs.doc FIN 467 Week 1 Individual Assignment Internet Article Review.doc FIN 467 Week 2 DQs.doc FIN 467 Week 2 Individual Assignment Problem Set.xls FIN 467 Week 2 Team Assignment Property Selection Report Spreadsheet.xlsx FIN 467 Week 2 Team Assignment Property Selection Report Summary.doc FIN 467 Week 3 DQs.doc FIN 467 Week 3 Individual Assignment Investing in Real Estate Simulation.doc FIN 467 Week 3 Team Assignment Family Appraisal Powerpoint.pptx ...
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...PM-592 Week 2 Assignment Problem 2-1 Basic Estimating Problem Equipment $15,000 $35,000 $10,000 $1200 $9,990 = $71,190 Installation/Labor 8hrs * $35/hr = $280/per day per worker 2 Maintenance specialists * $280 per day = $560 $560 * 2 Days = $1120 $1120 + Contract Labor $7,500 = $8620 Overhead $71,190 * 15% = $10,678.50 $8,620 * 3% = $258.60 $71,190 * 5% = 3,559.50 +8.620 * 5% = 3,990.50 Total Overhead = 14,927.60 2-2 (a) Expected price .24 + 4(.30) + .62 /6 = 0.34 (b) Expected Usage 37 + 4(40) + 49/6 = 41 tons (c) Expected total cost (simple method) = 41 tons @ .34 per pound and 1 ton is equal to 2000 lbs 41 tons * 2000 = 82,000 82,000 * .34 = $27,880 (d) Expected cost: $0.34/lb * 82,000 lbs = $27,880 Most optimistic cost: $0.24/lb * 74,000 lbs = $17,760 Most pessimistic cost: $0.62/lb * 98,000 lbs = $60,760 The final estimated cost for the material is: (($17,760 + (4 * $27,880) + $60,760))/6 = $31,673.33 2-3 (a) 1.50 ($80 + $3 + $6) + 1.20($7 + $5.5 + $6.5)+ 1.05($15 + $12 +$3.70+$1.50+$18) =$209.01 209 / 1000 = $0.21 (b) $0.21 @ 150% markup (2.5 * $0.21) = $0.525 (2 * $0.525) = $1.05 (c. ) I feel to believe that the project can be approved if an attempt to minimize risk was applied to the situation. (d) My recommendation to reduce or eliminate any contingency from a budget would start with identifying the risk. Then formulate a plan that tackles the risk. Insure all terms as it relates...
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...Unit 3: Probability and Counting Rules - Assignment Total points for Assignment: 35 points. Assignments must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 3. All Assignments are due by Tuesday at 11:59 PM ET of the assigned Unit. NOTE: Assignment problems should not be posted to the Discussion threads. Questions on the Assignment problems should be addressed to the instructor by sending an email or by attending office hours. You must show your work on all problems. If a problem is worth 2 points and you only show the answer, then you will receive only 1 point credit. If you use a calculator or online website, give the source and tell me exactly what you provided as input. For example, if you used Excel to compute 16 * 16, tell me “I typed =16*16 into Excel and got 256. You may type your answer right into this document. Part I. Basic Computations 1. A restauraunt offers the following limited lunch menu: |Main Course |Vegetables |Beverages |Desserts | |Ham |Potatoes |Coffee |Cake | |Chicken |Peas |Tea |Pie | |Fish |Salad |Milk ...
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...Week 1 - Individual Assignment - Chapter Two - Brief Exercises.doc ACC 300 Week 2 - Learning Team Assignment.xlsx ACC 300 week 2 dqs.doc ACC 300 Week 2 Individual Assignment Accounting Equation paper.docx ACC 300 Week 2 Individual Problem Set P1-3A and P3-5A.doc ACC 300 Week 3 - Individual Assignment Part I.xlsx ACC 300 Week 3 - Individual Assignment Part III.xlsx ACC 300 Week 3 - Individual Assignment Part IV.doc ACC 300 Week 3 - Individual Assignment Part V.xlsx ACC 300 Week 3 - Learning Team Assignment - Landrys.doc ACC 300 week 3 dqs.doc ACC 300 Week 3 Learning Team Assignment Working With Financial Statements.docx ACC 300 Week 3 Team Assignment problem 4-2A.doc ACC 300 Week 3- Individual Assignment Part II.xlsx ACC 300 Week 4 - Individual Assignment - Financial Statement Analysis Landrys.xlsx ACC 300 Week 4 - Learning Team Assignment - Managerial and Financial Accounting Paper.doc ACC 300 week 4 dqs.doc ACC 300 Week 4 Individual Problem Set II P2-6A and P13-2A Correct.doc ACC 300 Week 4 Individual Problem Set II P2-6A and P13-2A.doc ACC 300 Week 5 Individual Assignment - Chapter Six.doc ACC 300 Week 5 - Individual Assignment - Four Accounting Regulatory Bodies.doc ACC 300 Week 5 - Learning Team Assignment - Accounting Reporting Criteria Paper.doc ACC 300 Week 5 Final Exam Guide.pdf ACC 300 Week 5 Team Assignment Global Environments (Mc Donalds).doc ACC 300 Week 5 Team Assignment Problem Set PE-2, E7-5, E7-6...
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...What is Economics? From my research, the definition of Economics is varied between economists. According to Adam Smith who wrote the book in 1776 entitled Wealth of Nations, Economics is a science of wealth. Another early definition is by Alfred Marshall’s in his book, the Principles of Economics. He defined economics as the study of mankind in the ordinary business of life; it examines the part of individual and social action which most closely connected with the attainment and with the use of the material requisites of well-being. But most contemporary definitions of economics involve the notions of choice and scarcity. This is how I have found Lionel Charles Robbins (22 Nov 1898 – 15 May 1984), a British economist and Head of Economics Department at the London School of Economics. His book, “Nature and Significance of Economic Science” (1932), he defined, ‘Economics is the science that studies human behaviour as a relationship between ends and scarce means which have alternative uses. According to his definition, Economics focused its attention on a particular aspect of human behaviour, that is, behaviour associated with the utilization of scarce resources to achieve unlimited ends (wants). Scarcity limits us both as individuals and as a society. There are 3 main aspects in his definition, which are: 1. ‘Ends’ 2. ‘Means’ 3. ends and scarce resource provides the foundation of economics 4. ‘Scarce means have alternative uses’ 1. ‘Ends’ are the wants. Humans wants...
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...U.S. Economic Struggles Kristen Rose Kaplan University September 6th, 2013 CM107 U.S. Economic Struggles I. Introduction A. Increasing unemployment rates B. Lack of jobs available in the U.S. II. What is causing the unemployment rates? A. Outsourcing to other countries is cheaper. B. Advanced technology is taking over jobs. C. Lack of retraining employees. III. What could we do to change the unemployment crisis? A. Create a better education system. B. Buy items that are made in the U.S. C. Producing what we need to sustain ourselves. IV. Conclusion We need to rely on the United States and the people in it. By doing so they will pull themselves out of debt. By relying on other countries to supply the U.S. with items they can make themselves, it puts more money in other countries pockets rather than back in to the U.S. The U.S. economies are struggling more and more every year. “Over the past three months, the U.S. economy has averaged 148,000 new jobs per month. That’s actually a slower pace than the previous six months. Yet the unemployment rate keeps dropping precipitously, reaching 7.3 percent in August- the lowest since December 2008” (Brad Plumer, 2013, para. 3) The lack of jobs available in the U.S. is becoming a big and concerning problem. Without jobs people in the U.S. are unable pay their bills. Without jobs the U.S. will enter into a more difficult financial hardship. “ The U.S. economy is currently experiencing...
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...Making tradeoffs due to economic scarcity and that every society faces difficult choices do to scarcity. There are many factors involved in the high prices of cancer drugs, some of the those factors are listed below: Research and deployment are a major factor to consider. It cost drug companies a lot of money to research and test new drugs. A single clinical trial can cost $100 million at the high end, and the combined cost of manufacturing and clinical testing for some drugs has added up to $1 billion. The government’s involvement in the cost of cancer drugs is another factor. The reason why from an economic standpoint that these drug firms can in fact charge prices that are above their marginal costs is because they have a protection for a certain number of years for the formulation for their particular drug. It’s not for a particular amount of time that generics can be offered in the market, so the drug firms are a monopoly. They’re the only firm that can offer that particular drug. Monopolies have more market power and can charge a higher price for that drug. Healthcare has its role in the high prices of cancer drugs. The fundamental economic problem lies in the limits as to how much we can spend on healthcare, and this scarcity of resources requires choices. For a given set of laboratory services, there is a defined cost. This cost is further complicated with what we can and will spend to meet these services, taking into account the influence of insurance coverage. We...
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...here are conflicting views on how the global financial crisis is affecting medical tourism. The view expressed by organisations such as the Medical Tourism Association is that the "...with the economy and the credit crisis, more people are waking up and paying attention (to medical tourism)." The harsh reality may be somewhat different. BusinessWeek reports that "...in some medical tourism hotspots, formerly booming hospitals are seeing empty beds." The MD of Parkway Hospitals in Singapore, "expects the foreign patient numbers to stabilise after dropping 10 per cent". Whether the credit crunch encourages more people to consider travelling abroad for treatment remains to be seen. People are short of cash, unable to borrow and are delaying expenditure on house purchases, cars and other major expenditures. Healthcare is not immune to this. Although in the last global recession, healthcare was less affected, the likelihood is that people who might have considered medical tourism may decide to postpone their expenditure. Areas likely to be affected most are those “non-urgent”, discretionary treatments such as cosmetic surgery. In countries where medical tourism is influenced by waiting lists, patients may decide to hold out for free treatment in their own country rather than go for the paid for, immediate treatment available elsewhere. In the USA, the story may be different, as the financial crisis puts pressure on health insurers and employers to find ways to cut rising healthcare...
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...Topic 2: “The solutions to economic problems are regional rather than global” The topic asks you to debate whether the problems the world faces are better dealt with regionally, or globally. It wants you to look at the strengths and weaknesses of global institutions and compare them with the strengths and weaknesses of regional ones. Examples of a regional organization are the European Union, NAFTA, ASEAN and Mercosur. Examples of global organizations are the United Nations, World Trade Organization, World Health Organization, International Labor Organization and so forth. Me thanks man what i am thinking is that i should go for both like if china is involved in emissions so it harms surrounding nations also so it need global solutions am i going in right direction http://www.un.org/apps/news/story.asp?NewsID=24558&Cr=peace&Cr1=security The everyday economic activities of a society consist of number of activities linked to the production and consumption of goods and services. There is always a demand for goods and services which arise out of the human wants. Economic problem is one of the elementary economic theories in any economy. Economic problems occur as the resources are limited or scarce and our desire for goods and services to consume is greater than our ability to produce those goods and services. Thus it becomes difficult to satisfy all human wants or needs creating economic problems. Economic problems fall around the question of how...
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...Economics Notes ****The Economic Problem |What Do These Notes Cover? | |To have a look at the mind map for this resource, please follow this link. | |If you would like to listen to these notes as an audio recording, please follow this link [2MB]. | Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version. [pic] • Scarce Resources: o Land ▪ Rent o Labour ▪ Wages o Capital ▪ Interest o Enterprise ▪ Profit o Uneven Distribution • The Science of Choice (linked to Scarce Resources) o Value o Utility o Sacrifice ▪ Opportunity Cost How do we sum up the basic economic problem? We all suffer from it and spend most of our lives trying to resolve it. Essentially, the economic problem stems from the fact that as humans, we have unlimited wants and needs. A need is something that can be seen as being essential to survival, such as food, water, shelter and warmth. A want is something that we would like to have but which is not essential to survival - a car, the latest version...
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...The focus on this page is about the water scarcity problem due to drought in Tampa Bay region and how the Swiftmud and Tampa Bay Water could allocate the available resource to the public both economically as well as empathetically. Authors Robert L. Beekman and Brian T. Kench, have used Friedrich Hayek’s ideas to construct a rational economic order. Friedrich has stressed on few points in his book “The Use of Knowledge in Society”, on how to solve the economic problems and how to make the best possible decisions with the given information, which we will see in this paper. The economist Friedrich Hayek has explained in his papers on how to find an economic order with a few considerations and assumptions. According to him, there is a solution to all economic problems if we possess all the relevant information, if we can start from a given system of preference and if we had the complete knowledge of available means. From his view the mathematical equations, which is used to solve the problem gives the best emphatic solution but does not solve the economic problem of the society. This is because the economic calculus never gets the data from the macro level but from a single mind. And this in return will help us on how to allocate the given resources but not how to secure the best of the resources. One of the major points that Friedrich talks about in his paper is knowledge transfer and how the inefficiency in the transfer could hurt the economy in a long term. The “planning” is...
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...Analysis of the Trade Impacts of the Global Recession of 2008 International Economics Oliul Islam (352949) Table of content 1. Introduction 2. The Recession 3. The Recession * Poor risk management * Over reliance on the Bull market * Trade Imbalance and debt bubbles * Lack of Transparency * Misguided information from the rating agencies 4. Effects on global trade * Trade and Industrial production * Unemployment * Financial market * Travel * Insurance * Small business lending * Pollution 5. Global responses 6. Policy recommendations 7. Risks 8. References Introduction In 2008, the world experienced a major financial crisis which was rooted from the US housing market; moreover, many economists considered it as one of the great recession since the Great Depression in 1930s. After posing a huge affect on the U.S economy, the financial crisis expanded to Europe and the rest of the world...
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