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December 20, 2014

Posts by economyst


Total # Posts: 1,118

Statistics
The probability of seeing the first 61 in a batch good and the last 3 defective is (.96)^61 * (.04)^3 = X Now then, count the number of ways a batch of 64 could have exactly 3 defectives. The formula for n-choose-c or 64-choose-3 is (n!/c!(n-c)!) (where ! means factorial). 64...
February 4, 2008

economics
First calculate the "weight" of each good -- that is the percentage of total expenditures spent on that good. In 2005, $100 are spent on apples, $100 on bananas, for a total of $200. The weight of apples is 0.50 In 2006, price of apples went up by 100%, price of ...
February 3, 2008

Finance
The guy wants to consume 30,000 in t=1, but has y=60,000. So, he could in t0, borrow amount L. Since he will need to pay interest, at 6%, on the borrowed amount. So he wants L*(1+.06) = 30000. Solve for L. -- this being the additional consumption in t0.
February 2, 2008

Micro Economics
take a shot. what do you think?
February 1, 2008

Micro Economics
take a shot. What do you think. Hint: what could a spread between short-term rates and long-term rates imply about what people see in the future.
February 1, 2008

economics
One important point to keep in mind: value of a currency is simply the price of that currency stated in terms of a different currency. For example, the value of a Euro is the number of Dollars it takes to purchase a Euro. And, equilibrium is determined by the intersection of ...
February 1, 2008

Economics
Hummmm. In a world of fixed, non-renewable (natural) resources, I would agree with your answer. However, I think you may have over-analyzed this problem/question. Further, your original question asked about capital goods. In general, one makes capital goods today so that one ...
January 30, 2008

Economics
see my post above.
January 30, 2008

Economics
If there is, in fact, no seasonal pattern, then the parameters on the dummies ought to be zero (or very close) and insignificant. So, yes, they should not affect the estimation. However, the dummies might be picking up something else besides seasonal variations. Unless you ...
January 29, 2008

home economics
It would be represented as a point (or possibly a curve) inside the PPF.
January 29, 2008

statistics
I get: u=.66666667 ss=8 v=1 sd=1 Note that I am using the formula for the estimate of the variance from a sample. So, I devide by n-1.
January 29, 2008

math
huh?
January 29, 2008

math-statistics
I or others will be glad to critique your answer. But first, you must let us know what your answer is.
January 29, 2008

Economics
Currently the measure of GNP excludes imports but includes exports
January 21, 2008

economics
I do not understand your question: Are you asking about what shifts the supply and demand curves for American Autos? Are you seeking elasticity estimates of supply and demand?
January 20, 2008

economic
How bout air pollution?
January 18, 2008

economics
False. The production possibilities frontier (ppf) shows the maximum possible production when all resources are used efficiently. So, hiring unemployed workers should have no effect on the PPF. However, acquiring new workers through, say births or immigration, would increase ...
January 15, 2008

Finance
This is a question that could easily be answered by the Federal Reserve's Survey of Consumer Finance. (The survey is a publically available micro-data file) Unfortunately, I do not know if your particular desired statistic has been tabulated and published by the Fed/SCF. I...
January 12, 2008

economic
Think it through. If you understand what a ppf curve represents, then aha, it must be downward sloping. What condition(s) must be true if the ppf is a straight line?
January 11, 2008

investment
Ah, but remember, the expected $100 is 3 years hence. Is $75 compounded over 3 years at 10% greater than 100?
January 10, 2008

economics
Good question. Think it through, then take a shot. Hint: Person A obviously values the concert itself at $5 or more (he voluntary traded a $5 bill for a ticket). How much does person B value his ticket?? And, can you say anything about each person's aversion (or additional...
January 10, 2008

finance management
yes. But be sure to compound he interest.
January 10, 2008

finance management
Take a shot. What do you think?
January 10, 2008

finance management
In year 0, he has B0=42,180.53 In year 1, he has B1=B0*1.12 + 5000. In year 2, he has B2=B1*1.12 + 5000. Continue until Bn >= 250000.
January 10, 2008

finance management
An Excel spreadsheet is very good for these types of problems.
January 10, 2008

finance management
The short-cut method is to use the Rule of 72. That is 72/rate = time needed for investment to double. So, 72/6.5 = 11.08 years Or you could do in more precisely by compounding an investment by 6.5% until it doubles.
January 10, 2008

Personal Finance
An excel spreadsheet would be very helpful for this kind of problem. Set up a month-by-month income, expenditure, and net savings rows. See if problems arise.
January 9, 2008

Marketing
You probably already know the general answer. Direct your advertising to high school seniors or parents of high school seniors. Advertise near graduation time. Emphasize accomplishment.
January 7, 2008

Human Resource Management
As a suggestion, think about how management would change in light of the changing technology that allows workers to tele-commute (i.e., work from home or, really, any location)
January 4, 2008

Statistics
I believe the answer is 'none of the above' The formula for the confidence interval is: P +or- Z(99) * sqrt(P*Q/n) P is the estimated probability of attendence = 750/1100 = .6818 Q = 1-P n = sample size = 1100 Z(99) is the number of standard deviations away from the ...
December 19, 2007

STATISTICS
First, relax 1) With your sample of 30, calculate the mean (average) travel time and the standard deviation. (I presume you know how to do these calculations). 2) Calculate the number of standard deviations that 45 minutes is away from the mean. That is X=(mean-45)/SD (mean ...
December 16, 2007

economics
An increase in demand is shown by the demand curve moving to the right.
December 16, 2007

economics
see my later post to your question
December 16, 2007

economics
If foreigners are buying more US goods, exports go up. Exports, being a component of aggregate demand, cause aggregate demand to increase -- shift right.
December 13, 2007

economics
Depends on who is buying the bonds. If the Fed, then no, if the public, then yes.
December 13, 2007

economics
I think it will move to the right
December 12, 2007

Econ
I think the answer is A. First, lets ask the question, What is the opportunity cost of money for the borrower. I think its the cost of OBTAINING money. The opportunity cost of getting a dollar today is having to pay a dollar plus interest next year. So, if interest rates rise...
December 12, 2007

Microeconomics
Take a shot. What do you think. Hints: The change in TVC is MC. The firm will maximize when P=MC
December 11, 2007

economics vocab.
1) I agree 2) I disagree. I would go with "unemployment rate" 3) I agree 4) I would go with "full employment" 5) I agree 6) I agree
December 11, 2007

economics
1) I would go with cyclical unemployment 2) I would go with frictional unemployment
December 11, 2007

inflation
Take a shot. What do you think?
December 11, 2007

economics
Hummm, why to the left? I would think aggregate demand is increasing which is represented by a shift to the right.
December 10, 2007

economics
Individual Income tax
December 10, 2007

economics
Assuming that the bond is a simple-interest bond..... In year 1, the bond pays 100*.04=$4. In year 2 the bond again pays $4. In each of the years 3,4, and 5 the bond pays $4. So, over 5 years, the bond pays..... (Note that some bonds pay compounding interest (the "...
December 10, 2007

statistics
I would have more confidence in the sales at the $55,000 expenditure level. Think it through, then take a shot.
December 9, 2007

Statistics
I think I see your issue. You are testing whether the male distribution fits the female distribution. So, treat the female distribution as the expected distribution (E), and the male distribution as the observed (O). (Chi squared) = sum[ (O-E)^2/E ] 10 degrees of freedom.
December 9, 2007

Excel
I think I see your problem. The IF function in excel is: @IF(logical test, value if true, value if false) So let column A be price, B be quantity, column C be receipts after discount. So for any sale (row i), put in the C columns cell row i: @IF (Bi >= 2, Ai*Bi*(1-$I$1), Ai...
December 8, 2007

crossword puzzle
well, if you are allowed to remove some letters, fortunateness would work
December 6, 2007

economics
Do a little research, then take a shot. Here is a web site that gives a good synopsis of the issue. http://en.wikipedia.org/wiki/Externality
December 6, 2007

economics
I would modify property rights to be intellectial or non-tangible property rights
December 5, 2007

Microeconomics-Algebra Calculation
You are very close. Check your arithmatic. To avoid confusion, I will use Pn to mean P2 (price in period 2) You have, as stated (Pn - 2)/((Pn + 2)/2) = 0.5 So, solve for Pn. First multiply numerator and denominator by 2/2 (=1). You get: (2Pn - 4) / (Pn + 2) = 0.5 Now multiply ...
December 5, 2007

math
scale: 40ft per 16 inches, or 40x12in/16in or 30 to 1.
November 28, 2007

Religion
Blue laws in the US marriage You can get a wealth of information on those.
November 28, 2007

chemistry
It is an organic acid, based on cyclic hydrocarbon structure, it is corrosive, covalent, and is used in derivative form in many cancer chemotherapy drugs. I have no idea what type of descriptor you were looking for.
November 28, 2007

accounting
Follow the simple annuity formula. (Google: annuity, formula for more information and explanations) P = B / ( (1 -(1/(1+i)^n) / i) where i= interest rate = .05 n = number of year = 20 B = initial balance = 300,000 hint: for P, I get 24,072.78
November 27, 2007

Accounting question..
Ok, you will need 4 items to plug into a formula for calculating the bond price. 1) cash flow (CF). The bond pays semi-annually. So, each payment is 400,000*(.07/2) = 14,000 2) yield rate or interest rate (i). The annual rate is given as 8%, so the semi-annual rate is 4%. 3) ...
November 27, 2007

Math
Yours is not really a math question but.... Most large business in the U.S. use what is termed the Modified Accelerated Cost Recovery System (MACRS). There are of course exceptions. Most importantly, small business can use the method referred to as Section 179 expensing.
November 27, 2007

Probability
Hannah. I believe you are correct. The answer by Im Not So Smart is clearly wrong.
November 27, 2007

Public Administration / GOVT
Hummmm, as I re-read your question, I have my doubts about the answer. According to Census data, school districts have the greatest number local-government employees. However, Im not sure which has the greatest number of ELECTED officials. I'll bet a census-of-governments ...
November 26, 2007

Public Administration / GOVT
Its not an easy question. And the answer is not obvious. The correct answer, according the Census bureau, is C. google your key words, find a link that points to allcounties dot org (sorry, I am not allowed to post links to websites)
November 26, 2007

Calc w/ Business
my bad. it's -4ac in the quadradic, not +4ac
November 25, 2007

Calc w/ Business
To find a maximum, set your marginal revenue (R') equal to zero. Now then, R' is a quadradic equation. So, use the quadradic formula. -b +- sqrt(b^2+4ac) / 2a
November 25, 2007

Economics
I suggest you google the following: economics, endogenous, defined In an economic model, endogenous variables are items that occur within the model, and are usually predicted by the model. So, in a business cycle model, the level of GDP or the change in GDP would be endogenous...
November 25, 2007

Economics 260
Wikipedia has a good explanation, and includes a graph over the common three stages of production. Go to Wikipedia and find: Production_function
November 25, 2007

Math For Business
You have: Max (.06*B + .12*G + .20*S) subject to: B+G+S = 90,000 G+S <= 22,500 G >= 15,000 You could set this up as a linear programming problem. However, getting to the optimal solution is obvious. G=15,000, S=7500, B=the remainder
November 19, 2007

finance
Think it through... If a quarter has approximately 90 days and purchases in 30 of those days, the payment will be in the following quarter, and for purchase in 60 of those 90 days, the payment will be made in the current quarter.... means?
November 18, 2007

Economics
If I were writing such an essay, I would first discuss the multitude of ways that technology has lowered transaction costs. I would discuss improvements in speed and reliability. Then I would try to work in something about Types of labor (jobs) being phased out. Types of ...
November 18, 2007

MANAGERIAL FINANCE plz help!!
Think it through, In Excel, calculate the present value of the income stream till age 60 under both options. A coupla a complications to think about. First, I personally would think that tuition costs ought to be paid for with borrowed money. So, I would add borrowing costs to...
November 18, 2007

constitutional history
Go to Archives dot gov. There is a link to a history of the declaration of independence. BTW, the site contains the following sentence: "Timothy Matlack was probably the engrosser of the Declaration." Not exactly a female name, but there you have it.
November 15, 2007

Economics
What is a PAE equation. (if PAE refers to Post-Autistic Economics, then I am afraid you are dealing with a new area of econ which I am unfamiliar with)
November 15, 2007

Economic
Do some research, then take a shot. What do you think?
November 14, 2007

economics
Start by drawing supply and demand curves and solve for an equilibrium price and quantity. Now draw in the quota. Dead weight loss will be the triangle area which is: a) to the right of the quota b) under demand, and c) above supply you may need to use some basic algebra/...
November 14, 2007

Economics
see my post to jennifer (just below this post) for a good hint on how to solve this problem. Repost if you have questions.
November 14, 2007

economics
Drawing a picture would help. A normal monopolist would set MC=MR. Under this example, optimal Q=80, thus P=60. Total revenue is 80*60=4800. Total cost (represented by the area under MC between 0 and 80) is 80*20=1600. So, profit = 3200. For the perfect price discriminator, ...
November 14, 2007

economics
The industry supply curve could be written as Q = 500+50P Alternative, using some algebra, industry supply curve is also: P = Q/50-10 (where Q = industry supply) Check it out, solve for P when 500 + 50P = 1500-50P (my bad, I used a big Q instead of a small q in my original post.
November 14, 2007

economics
Yesterday, a person under the user-name of "timmy" posted a very similiar question. Questions a and b were addressed in that post. c) You are given the short run MC curve. AC is simply TC divided by Q. So, SAC = .5Q - 10 + 200/Q To find the minimum, take the first ...
November 14, 2007

economics
Yes, you are on the right track. You have the equilibrium price, P=10. At P=10, average revenue must also be 10. Average cost is 10, so profits are zero.
November 13, 2007

economics
With identical cost structures, the firms, in the long run, will all end up producing where the AC is minimized. So, P=10, plug this into the demand equation to get total Q. Take it from here
November 13, 2007

microeconomics
I hope I gave you enough information in your latter post. Repost if you need more help. Question: does qi mean "quantity produced by firm i"?
November 13, 2007

Managerial Economics
Do a little research, then take a shot. Hint: draw a picture; the MC must cut the AC curve a the minimum point of the AC curve.
November 12, 2007

Microeconomics
6a) With shrinking beef consumption, which beef production operations (including ranchers, and meat packagers) will be shut-down? The high-cost producers or the low-cost producers? I would go with 'yes', marginal costs will be lower. b) I agree. 9a) In a competitive ...
November 8, 2007

statistics
What is an honor card? If an honor card is a face card (J,Q,K), then there are 12 honor (face) cards in a deck. So a)=1/12 For b) there are 20 numbered cards that are even. There are 2 red fours, So, b)=2/20
November 6, 2007

statistics
Hummm, I do not agree with your answers a-d. a) given that a diamond was turned, it must have been an ace or king. So for a) I get 1/2. b) given that a club was turned, it must have been a king. So for b) I get a zero probability. Now then, notationally, does P(A/C) mean ...
November 6, 2007

Business
Generally NO, tariffs do not help maintain a favorable balance of trade. Tarriffs are a tax on goods coming in (imports). They do not affect, directly, goods going out (exports). Take it from here.
November 6, 2007

math - statistics
Take a shot. What do you think. Hint: an Excel spreadsheet is very helpful for these types of problems.
November 5, 2007

Finance
An excel spreadsheet is very handy for these types of analyses. I'll do the first one, which should give you a process for working the second. First calculate the net present value for the cash flows for years 0 to 10. 0 = -100000/(1.08^0) = -100000 1 = 0 2 = 0 3 = 16000/(...
November 4, 2007

micro_economics
I agree with Ms Sue's Answer. That said, the theory of the Oligopoly is a complicated one. With a oligopoly, the possibility of collusion exists, even if it is not explicitly observed. That is, the firms have agreed, well in advance, that whenever one firm changes it's...
November 4, 2007

micro economics
I am confused by "$60 a minute". Could you mean fixed cost is simply $60. Let me assume just that. Fixed cost=$60. So, when output=1, then total cost = 10+60=70, marginal cost = 10, AFC=60/1=60 AVC=10/1=10 ATC=70/1=70 When output=2, (assuming MC=10) then Total cost...
November 4, 2007

economics
a) the short-run supply for each maker is their MC curve, The supply curve for the industry is the sum of the supply curves from each firm dis-regarding the constant, so... supply = 100q+10 b) given your demand equation, there is no equilibrium value with a positive production...
November 3, 2007

Economics
For this and your other questions, do a little research, then take a shot. What do you think? I or other will critique your answers.
November 2, 2007

Statistics- quick! Is this right?
1) looks correct For 2) You have an standard error of 500, and are asked what is likelihood of similar sample being within 1000 or 2.0 standard deviations away from the mean. Look up 2.0 in your cumulative normal distribution table (probably in the back of your stats book). I ...
November 1, 2007

Economics
Always always always where MC=MR With your givens, I must assume that MC=AVC=20 at one PARTICULAR PRODUCTION LEVEL, and MC=ATC=30 at another PARTICULAR PRODUCTION LEVEL. Both statements cannot be true at the same production. So, I presume that the firm has a normal increasing ...
October 31, 2007

Stats
Take a shot. What do you think.
October 31, 2007

Stats
Take a shot. What do you think. Show some work.
October 31, 2007

STATISTICS
This is a binominal distribution -- either the car has problems or it doesnt. With n=128, the expected mean number with problems is .14*128=17.92 The standard deviation is sqrt(p*q*n) = sqrt(.14*.86*128) = 3.9 .18*128=23.04, which is 5.12 above the mean or 5.12/3.9=1.31 ...
October 30, 2007

economics
a) when output is 2, from your table, total fixed costs are $5 and total variable costs are $27. Simple arithmatic. b) marginal cost is the change in cost from a marginal (e.g., 1 unit) change in production. c) always always always, profit is maximized when marginal cost=...
October 29, 2007

economics
I would argue that cotton is also a variable cost. The amount of raw cotton the mill buys should be in direct proportion to the level of output.
October 29, 2007

Economics
Marginal revenue is also known as Price (P). So, in rich countries MR=80. If it serves the poor countries MR=30. If it serves the poor countries with a goal of 6-million treatment and since it cannot prevent re-sale, price (MR) in the rich country also drops to 30. Now then, ...
October 29, 2007

ECON, HELP?!?
Your prof's answers are initial responses to the change from taxes. With a $100B increase in taxes, INITIALLY, 60B would come out of consumption and 40B out of savings-- b) private savings falls by $40B. c) National savings is sum of public+private savings = +100B-40B = ...
October 27, 2007

econ, help???
Your prof's answers are initial responses to the change from taxes. With a $100B increase in taxes, INITIALLY, 60B would come out of consumption and 40B out of savings-- b) private savings falls by $40B. c) National savings is sum of public+private savings = +100B-40B = ...
October 27, 2007

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