exceeds average variable cost is also the point where average variable cost starts to rise. 11. How does a change in the price of one input change the firm’s long-run expansion path? The expansion path describes the combination of inputs that the firm chooses to minimize cost for every output level. This combination depends on the ratio of input prices: if the price of one input changes, the price ratio also changes. For example, if the price of an input increases, less of the input can be purchased
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Affermative Action Two words that can bring about emotionally charged debates on the validity of this policy. Is it a fair practice, as proponents argue, or simply a form of reverse discrimination? It is not always been easy to decide on this issue -- for the Supreme Court or society. As it intended, affirmative action means that people from a particular group should enjoy special consideration or benefits in job placement or college admissions. Usually, when one speaks of affirmative action
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called “labels”. Nominal are categories with numbers assigned to them to facilitate analysis. “A nominal scale partitions data into categories that are mutually exclusive and collectively exhaustive, implying that every bit of data will fit into one and only one category and that all data will fit somewhere on the scale.” (McDaniel, C. Jr., & G, R. (2007). Marketing Research (7th ed. p. 269) Nominal uses numerals to identify objects, individuals, events, or groups. This determines the equality or inequality
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Problem Set 2 International Finance Shrikhande Fall 2006 SUGGESTED SOLUTIONS TO CHAPTER 4 PROBLEMS 1. From base price levels of 100 in 1987, West German and U.S. price levels in 1988 stood at 102 and 106, respectively. If the 1987 $/DM exchange rate was $0.54, what should the exchange rate be in 1988? In fact, the exchange rate in 1988 was DM 1 = $0.56. What might account for the discrepancy? (Price levels were measured using the consumer price index.) Answer. If e1981 is the dollar
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table, to better organize our data. We made four columns that consisted of the perimeter, number of squares found in each square, the area, and total amount of each solution. For example in a 3 by 3 we found that we could only dissect the square into two different solutions. We thought that this information was important because we thought we could only dissect the squares into whole number (integers). We continued to look at our table to see if we could find a relationship, but unfortunately we were
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number or expression./an operation that tells you how far a number is from zero. Additive inverse - Number with the same numerical part but the opposite sign (plus or minus) of the given number. If zero is the sum of two numbers, then these two numbers are additive inverses of one another Area - the amount of space covered by a two-dimensional object./measure of a specified region in a plane. Associative property - characteristic of addition and multiplication that allows the grouping of
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MathSoft) released S-PLUS 4 for Windows, which added a complete new graphical user interface to the existing S-PLUS programming environment. It allowed non-programming minded users to access the advanced visualization techniques and modern analysis methods of S-PLUS. As a result, S-PLUS has gained enormous popularity over the past years among applied statisticians and data analysts. Over the last three years the content of this book has been used for introductory courses on S-PLUS. This book is aimed
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1. Incremental cash flows are ultimately the relevant cash flows to be used in project analysis. It is the difference between the cash flows the firm will have if it implements the project, and the cash flows the firm will have if it rejects the project. Although they are a cash expense, interest expenses are not included in project cash flows. We discount a projects cash flows by using its weighted average cost of capital (WACC), which already includes the cost of debt. Therefore, we do not include
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costing system) cost of an order of one motor of type C (type C motors have 1 base motor and 3 special components)? For the traditional cost of an order of one motor of type C, we can solve it based on Exhibit 4. According to the Exhibit 4, we have that the cost of base motor is DM247, and the 3 special components would be 32.2*3=96.6. Thus, the total manufacture cost would be 343.6. On the other hand, in the case we can find that the support related overhead is equal to 35% of manufacture cost, thus
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the historical target weight applied by AEM is different from that used by its competitors, A-G Financial Consulting considered it reasonable to believe that AEM management would continue to use this proportion to raise capital (debt/equity ratio equals 1). Tax rate (line 10) derived from Exhibit 10 is also a variable affecting WACC, since debt will “vary with the changing marginal tax rate” (pp.23). As the tax rate remains the same in year 2005-2008, WACC will also stay constant since 2005. Step
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