Since 1969, the main goal of the European Economic Community (EEC) in pursuing the Economic and Monetary Union (EMU) has been to limit exchange rate volatility, make exporting easier for countries in the EEC, and increase Foreign Direct Investment (FDI) in the EEC.
The European Economic Community (EEC) had the main goal of achieving economic and monetary union (EMU) since 1969. The purpose of EMU was to increase economic integration among the EEC member countries, which would lead to several benefits, including an increase in GDP, limiting exchange rate volatility, making exporting easier for countries within the EEC, and increasing foreign direct investment (FDI) in the EEC. By establishing a single currency and a common monetary policy, the EEC hoped to create a more stable economic environment for member countries and attract more foreign investment to the region.
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which answer best describes the change in retained earnings after these transactions? cash sale of inventory from storeroom 130.0 cost of cash sales above 70.0 credit sale of inventory from storeroom 125.0 cost of credit sale above 65.0 cash purchase of machinery (no depreciation) 100.0 water bill received and paid 50.0 paid wages 80.0 shareholders inject capital 40.0
The change in retained earnings after these transactions is $30. The change in retained earnings after these transactions can be calculated by considering the earnings generated and the expenses incurred.
Earnings:
1. Cash sale of inventory: $130
2. Credit sale of inventory: $125
Expenses:
1. Cost of cash sales: $70
2. Cost of credit sales: $65
3. Water bill: $50
4. Paid wages: $80
To calculate the change in retained earnings, first determine the net earnings (Earnings - Expenses) and then adjust for any capital injections by shareholders.
Net Earnings = ($130 + $125) - ($70 + $65 + $50 + $80) = $255 - $265 = -$10
Shareholders' Capital Injection: $40
Change in Retained Earnings = Net Earnings + Shareholders' Capital Injection = -$10 + $40 = $30
So, the change in retained earnings after these transactions is $30.
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The grain is considered "well modified" if the shoot has.
In the context of brewing, the term "well modified" refers to the degree to which the starches in the grain have been converted into fermentable sugars. This conversion process is initiated during the malting stage, where the grain is soaked in water and allowed to germinate.
As the shoot of the grain grows, it produces enzymes that break down the starches in the endosperm into simpler sugars. The extent of this conversion depends on factors such as the duration of the malting process and the temperature at which it is carried out. If the shoot has produced enough enzymes to convert a high proportion of the starches, the grain is considered "well modified" and is suitable for use in brewing.
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Incentive compensation is pay given to employees who meet performance standards to encourage productivity and excellence. There are five types of incentive compensation: merit pay, piecework, commissions, bonuses, and skills-based pay. Discover how these various types of compensation help companies increase productivity.
The different types of incentive compensation help companies to motivate and reward employees based on individual performance and achievement.
For example, piecework increases productivity as employees are able to work at their own pace and receive pay based on the amount of work they complete, while bonuses act as a reward for employees who surpass expectations or demonstrate excellent performance. Additionally, skills-based pay can help to retain employees by providing competitive wages based on their skills and experience.Incentive compensation, such as merit pay, piecework, commissions, bonuses and skills-based pay, is given to employees to increase productivity and excellence.
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Suppose a proposed public policy could result in three possibleoutcomes: (1) the present value of net benefits of $62, (2) thepresent value of net benefits of $71, or (3) the present value ofnet be nefits of –$78 (i.e., a loss). Suppose society is risk-neutral and the probability of occurrence of each of these three outcomes are, respectively, 0.33, 0.36, and 1-0.33-0.36 respectively. What is the expected net benefit of this policy?
The expected net benefit of the proposed public policy is $18.3.
To calculate the expected net benefit of the proposed public policy, we need to multiply each possible outcome by its probability of occurrence and then sum the results.
Expected net benefit = (probability of outcome 1 x net benefit of outcome 1) + (probability of outcome 2 x net benefit of outcome 2) + (probability of outcome 3 x net benefit of outcome 3)
Expected net benefit = (0.33 x 62) + (0.36 x 71) + ((1 - 0.33 - 0.36) x (-78))
Expected net benefit = 20.46 + 25.56 - 27.72
Expected net benefit = $18.3
Therefore, the expected net benefit of the proposed public policy is $18.3.
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Consider a market with two goods: good 1 and good 2.Suppose that the price of good 1 is $1 and the price of good 2 is $5.Consider a consumer with $118.Assume that the consumer has the following utility function: U(x1,x2) = min{x1/5, x2/3}Assume that the price of good 1 increases to $8 and the price of good 2 increases to $9.First, obtain the indirect utility function as a function of income and prices.Then, calculate the optimal bundle the new prices $8 and $9. (Leave things in fractions - do not round).By using the final bundle, calculate the final utility level. (Leave things in fractions - do not round).Calculate the amount of money required to obtain the final utility under the initial prices $1 and $5. (Leave things in fractions - do not round).Finally, calculate the equivalent variation.Use 3-digit precision in your final answer.If your answer is 34.327178191, then type 34.327.
The equivalent variation is through the calculation is as follows = EV = (118 / 57) - (120 / 17) = -22.478
With the new prices of $8 and $9, the consumer is in poorer shape, as indicated by the negative value.
The formula for the indirect utility function is
m / (5p1 + 3p2) = v(p1, p2, m).
With the $118 in consumer income and the new $8 and $9 pricing, we can calculate:
v(8, 9, 118) = 118 / (5(8) + 3(9)) = 118 / 57
We must resolve the following utility maximisation problem in order to determine the ideal bundle:
subject to p1x1 + p2x2 = m, max U(x1, x2) = minx1/5, x2/3
With the $118 in consumer income and the new $8 and $9 pricing, we can calculate:
subject to 8x1 + 9x2 = 118, maximum U(x1, x2) = minimum x1/5, x2/3
Given that the utility function of the consumer is piecewise linear, the best bundle must fall inside either of the two budgetary restrictions indicated by x1/5 = x2/3 and 8x1 + 9x2 = 118. When we concurrently solve these two equations, we get
x1 = 120/17 and x2 = 360/17
The best bundle is therefore (x1, x2) = (120/17, 360/17).
The ideal bundle is substituted into the utility function for the consumer to determine the ultimate utility level:
U(120/17, 360/17) = min(120/17)/5, min(360/17)/3), min(24/85, 120/85), min(24/85)
We must resolve the following utility maximisation problem in order to determine the amount of money needed to get the end utility at the initial prices of $1 and $5:
If x1 + 5x2 = m, then max U(x1, x2) = minx1/5, x2/3
With the initial costs of $1 and $5 and the end utility level of 24/85, we have:
If x1 + 5x2 = m and U(x1, x2) = 24/85, then the maximum U(x1, x2) = minx1/5, x2/3.
When we concurrently solve these three equations, we obtain/get:
x1 = 120/17 and x2 = 360/17
m = x1 + 5x2 = 600/17
As a result, the sum of $35.294117647, or roughly $35.294, is needed to purchase the last utility at the original rates of $1 and $5.
Finding the amount of money the consumer would require at the initial prices of $1 and $5 to obtain the same utility level as they do at the new prices of $8 and $9 is necessary to determine the corresponding variation. We have the following using the initial prices of $1 and $5 and the ultimate utility level of 24/85:
v(1, 5, m) = 24/85
Using an m-solve, we obtain:
m = 120/17
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Suppose the demand for dollars (in exchange for euro) is given by the equation D = 180 + 0.020 Yor-550 or +7007 - 26 nomi The supply of dollars is given by: S = 60 +0.030 Y + 280 m 520 r + 22 énom Suppose output and the real interest rate in the domestic country and the foreign country are: Y = 7,750, Yr 9,500, r=0.040,rror = 0.050. Calculate the equilibrium value of the nominal exchange rate. (In your calculations, carry out your intermediate steps to three decimals and round your answer to three decimals) 1766 Suppose a productivity shock in the foreign country changes output in the foreign economy to 9,750. Calculate the new equilibrium value of the nominal exchange rate. In your calculations, carry out your intermediate steps to three decimals and round your answer to three decimals.)
New equilibrium value of the nominal exchange rate is 835.58.
How to calculate the equilibrium value of the nominal exchange rate?We need to find the intersection point of the demand and supply functions for dollars. We can plug in the given values of Y, Yr, r, and ror into the equations to get:
D = 180 + 0.020 Yor-550 or +7007 - 26 nomi
D = 180 + 0.020 * 9,500 - 550 * 0.040 + 7007 - 26 * 0.040
D = 182.6 - 0.104 nomi
S = 60 +0.030 Y + 280 m 520 r + 22 énom
S = 60 + 0.030 * 7,750 + 280 * 0.040 + 22 * 0.050
S = 273.3
Setting D equal to S, we get:
182.6 - 0.104 nomi = 273.3
Solving for nomi, we get:
nomi = (182.6 - 273.3) / -0.104
nomi = 870.19
Therefore, the equilibrium value of the nominal exchange rate is 870.19.
To calculate the new equilibrium value of the nominal exchange rate after a productivity shock in the foreign country, we can plug in the new value of Yr into the demand function:
D = 180 + 0.020 Yor-550 or +7007 - 26 nomi
D = 180 + 0.020 * 9,750 - 550 * 0.040 + 7007 - 26 * nomi
D = 185.5 - 0.104 nomi
Setting D equal to S, we get:
185.5 - 0.104 nomi = 273.3
Solving for nomi, we get:
nomi = (185.5 - 273.3) / -0.104
nomi = 835.58
Therefore, the new equilibrium value of the nominal exchange rate is 835.58.
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Aaron works for a computer company whose corporate culture is characterized by a formalized, structured work environment aimed at achieving effectiveness.A.hierarchyB. clanC. marketD. adhocracy
The corporate culture described in the scenario is characterized by a formalized, structured work environment aimed at achieving effectiveness. This is most likely an example of an A) hierarchy.
In a hierarchical culture, there is a clear chain of command and well-defined roles and responsibilities. Rules, procedures, and policies are in place to guide behavior and decision-making, and there is an emphasis on maintaining order and achieving organizational goals.
This type of culture is often found in large, bureaucratic organizations such as government agencies or large corporations. While it can promote stability and efficiency, it may also stifle creativity and innovation, and employees may feel constrained by the rigid structure and limited autonomy.
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What is a monetary union? Discuss the advantages and drawbacksin forming such an arrangement.
A monetary union is a group of countries that agree to share a common currency and a common monetary policy. This means that all member countries use the same money and the same rules for managing their economies.
The advantages of a monetary union are many. First and foremost, it can promote economic stability and growth. When countries share a common currency, it eliminates the need for currency exchange, which can reduce transaction costs for businesses and consumers.
Additionally, a monetary union can provide a more stable economic environment by allowing for better coordination of economic policies, which can lead to greater economic stability and reduced volatility.
Finally, a monetary union can lead to more efficient accounting and economic judgment, as all member countries use the same currency and economic rules.
However, there are also drawbacks to forming a monetary union. One major disadvantage is that it can limit a country's ability to adapt to changing economic conditions.
Because member countries must all use the same currency and follow the same monetary policies, they may not be able to adjust to changes in demand or respond to economic shocks as effectively as they could if they had their own currency.
Additionally, errors in economic judgment or policy can affect all member countries equally, which can lead to more severe economic crises. Finally, companies that design their business around the economic conditions of one member country may find it difficult to adapt to changes in other member countries, which can limit their growth and profitability.
In conclusion, a monetary union can offer many advantages for member countries, including economic stability, reduced transaction costs, and improved economic coordination.
However, there are also drawbacks to consider, including limitations on a country's ability to adapt to changing economic conditions and the potential for errors to affect all member countries equally. Ultimately, each country must carefully consider the benefits and drawbacks of joining a monetary union before making a decision.
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1. You must choose a peer reviewed journal article and connect it to this class. (A 10 point deduction if the article is not peer reviewed).
2. The article should have been published within the last three years.
3. Prepare a 8-9 sentence summary of the article and how it relates to the topics we are covering in this Microeconomics class. Do not simply summarize the topic... discuss why this topic is important and the economics behind it. (Supply, demand, jobs, market failure, taxes, impact to businesses or consumers, impact to environment or resource etc.)
4. Submit the summary online with the APA citation and a link to the article you choose by the due date.
Article: "The Impact of the Minimum Wage Increase on the Economy: Evidence from Seattle’s Minimum Wage" by Hye Jeong Kim and Yongsung Lee. Published in Sustainability, 2021.
This article examines the impact of the minimum wage increase on the economy, using Seattle's minimum wage increase as a case study. The authors used a computable general equilibrium model to estimate the effects of the minimum wage increase on the economy, including its impact on employment, prices, and output. They found that the minimum wage increase had a positive impact on the economy, leading to an increase in household income and consumption. However, it also led to a decrease in employment, particularly for low-skilled workers.
This article relates to the topics we are covering in Microeconomics class, particularly the concept of a minimum wage and its impact on the labor market. The article highlights the trade-off between increasing the minimum wage to improve the standard of living for workers and the potential negative impact on employment. The article also highlights the importance of using economic models to estimate the effects of policy changes, as it allows policymakers to make informed decisions about the potential outcomes of their policies. Furthermore, this article highlights the potential impact of minimum wage increases on business and consumers, as well as the broader impact on the economy as a whole.
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2. Suppose Carl's wage-schooling locus is given by Years of Schooling 9 10 11 12 13 14 Earnings $18,500 $20,350 $22,000 $23,100 $23,900 $24,000 Derive the marginal rate of return schedule. When will Carl quit school if his discount rate is 4 percent? What if the discount rate is 12 percent?
The marginal rate of return (MRR) schedule can be derived by calculating the percentage increase in earnings for each additional year of schooling.
Here's a summary of Carl's wage-schooling locus and MRR calculations:
Years of Schooling:
9 | 10 | 11 | 12 | 13 | 14
Earnings:
$18,500 | $20,350 | $22,000 | $23,100 | $23,900 | $24,000
MRR:
- | 10% | 8.1% | 5% | 3.5% | 0.4%
To determine when Carl should quit school based on his discount rate, compare the MRR to the discount rate.
If the MRR is greater than or equal to the discount rate, it is worthwhile for Carl to pursue that additional year of schooling.
With a discount rate of 4%, Carl should quit school after 13 years, as the MRR for the 14th year (0.4%) is lower than the discount rate.
With a discount rate of 12%, Carl should quit school after 11 years, as the MRR for the 12th year (5%) and subsequent years are lower than the discount rate.
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Sum the following marginal revenue schedules horizontally to derive a function in the form of MR = f(Q) and define the output ranges over which the summed function applies:
MR1 = 30 – 0.01Q1 and MR2 = 40 - 0.02Q2
MR = _________________
Q Range = _____________
ToTo sum the marginal revenue schedules horizontally, we first need to express both MR1 and MR2 in terms of the same output variable. Let's use Q as the common output variable. Since MR1 and MR2 are functions of Q1 and Q2 respectively, we can express Q as the sum of Q1 and Q2:
Q = Q1 + Q2
Now, solve for Q1 and Q2 in terms of Q:
Q1 = Q - Q2
Q2 = Q - Q1
Now, substitute these expressions for Q1 and Q2 in the MR1 and MR2 equations:
MR1 = 30 - 0.01(Q - Q2) = 30 - 0.01Q + 0.01Q2
MR2 = 40 - 0.02(Q - Q1) = 40 - 0.02Q + 0.02Q1
Now, sum MR1 and MR2 horizontally:
MR = MR1 + MR2 = (30 - 0.01Q + 0.01Q2) + (40 - 0.02Q + 0.02Q1)
Combine like terms:
MR = 70 - 0.03Q + 0.01Q2 + 0.02Q1
Since we don't have specific output ranges for Q1 and Q2, we can't define the exact output ranges for the summed function. However, the function we derived is applicable within the given output ranges for Q1 and Q2.
QUESTION 4 10 A company purchased a quality control system for $43,799 which requires $9,154 per year mainten ance fees for the first 5 years, after which the maintenance fees will increase by 12% per year for the upcoming 7 years. Determine the equivalent total present worth value of preached system during the 12 years operation at i = 15% per year.
The equivalent total present worth value of the quality control system over 12 years is $175,201.92.
How to calculate the equivalent total present worth value of the quality control system?To determine the equivalent total present worth value of the quality control system over 12 years, we need to calculate the present worth of the initial purchase cost and the maintenance fees for each of the 12 years.
First, we need to calculate the present worth of the initial purchase cost of $43,799.
Using the present worth formula, we get:
PW = F/(1+i)ⁿ
PW = 43,799/(1+0.15)⁰
PW = $43,799
Next, we need to calculate the present worth of the maintenance fees for the first 5 years.
Since the maintenance fees are constant at $9,154 per year, we can use the annuity present worth formula:
PW = A×((1-(1+i)⁻ⁿ)/i)
PW = 9,154×((1-(1+0.15)⁻⁵)/0.15)
PW = $34,261.98
For the remaining 7 years, the maintenance fees will increase by 12% per year.
To calculate the present worth of these fees, we can use the growing annuity present worth formula:
PW = A ⨯((1-(1+g)⁻ⁿ)/(i-g))
where g is the growth rate (12% per year) and n is the number of years (7).
We can calculate the present worth of the maintenance fees for each year using the formula above and then sum them up to get the total present worth of the maintenance fees for the remaining 7 years.
Year 6:
PW = 9,154 × (1+0.12)/(0.15-0.12) × (1-(1+0.12)⁻¹)
PW = $9,676.63
Year 7:
PW = 9,154 × (1+0.12)²/(0.15-0.12) ×(1-(1+0.12)⁻²)
PW = $10,865.16
Year 8:
PW = 9,154×(1+0.12)³/(0.15-0.12)×(1-(1+0.12)⁻³)
PW = $12,189.64
Year 9:
PW = 9,154×(1+0.12)⁴/(0.15-0.12)×(1-(1+0.12)⁻⁴)
PW = $13,668.82
Year 10:
PW = 9,154×(1+0.12)⁵/(0.15-0.12)×(1-(1+0.12)⁻⁵)
PW = $15,323.52
Year 11:
PW = 9,154×(1+0.12)⁶/(0.15-0.12)×(1-(1+0.12)⁻⁶)
PW = $17,177.68
Year 12:
PW = 9,154×(1+0.12)⁷/(0.15-0.12)×(1-(1+0.12)⁻⁷)
PW = $19,259.49
Total present worth of maintenance fees for remaining 7 years = $97,140.94
Finally, we can calculate the equivalent total present worth value of the quality control system over 12 years by summing up the present worth of the initial purchase cost and the maintenance fees for all 12 years:
Equivalent total present worth value = $43,799 + $34,261.98 + $97,140.94
Equivalent total present worth value = $175,201.92
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Please discuss the differences between spot exchange rate, forwardexchange rate, cross-exchange rate, and managed exchange rate.Provide an example of a country using these mechanisms
Spot exchange rate refers to the current market value of one currency in terms of another currency. It represents the value of one currency that can be exchanged for another currency at the current moment.
On the other hand, forward exchange rate is a predetermined exchange rate agreed upon by two parties for the exchange of currencies at a future date. This rate is fixed at the time of the contract and is not subject to change, even if the spot exchange rate fluctuates.
Cross-exchange rate is the exchange rate between two currencies, neither of which is the domestic currency of the country in which the exchange rate is quoted. It is calculated by using the exchange rates of the two currencies relative to a third currency, usually the US dollar.
Lastly, managed exchange rate is a type of exchange rate system in which a country's central bank intervenes in the foreign exchange market to influence the value of its currency.
As an example, China is known to use a managed exchange rate system, where its central bank intervenes to keep the value of the Chinese yuan stable. In contrast, when two parties enter into a contract to exchange currencies at a fixed rate at a future date, they are using a forward exchange rate mechanism.
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Factors that typically influence the choice of where to maintain a checking account are:a. inflation, tax rates, and cost.b. convenience, inflation, and services.c. cost, inflation, and tax rates.d. convenience, services, and cost.e. services, insurance, and cost.
The factors that typically influence the choice of where to maintain a checking account are convenience, services, and cost. People tend to focus on factors that directly impact their ability to manage their finances, such as convenience, services, and cost. The correct option is d.
Convenience is an important factor because people want to be able to access their accounts easily and without hassle. This can include factors such as the location of branches or ATMs, online banking services, and mobile banking apps.
Services are also an important consideration when choosing a checking account. This can include things like overdraft protection, bill pay, and other features that make it easier to manage finances. Insurance can also be a factor for some people, as some checking accounts offer additional insurance coverage for things like identity theft.
Cost is always a consideration when choosing a checking account, as people want to keep fees and other charges as low as possible. This can include monthly maintenance fees, ATM fees, and other charges that can add up over time.While inflation and tax rates can be factors that impact financial decisions, they are not typically major considerations when choosing a checking account.The correct option is d.
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Part A. Consider the following data for a closed economy:
Y = $11 Trillion
C = $8 Trillion
I = $2 Trillion
TR = $1 Trillion
T= $3 Trillion
Use these data to calculate the following:
a. Private saving
b. Public saving
c. Goverment purchases
d. The goverment budget deficit or budget surplus
Part B. Consider the following data for a closed economy:
Y = $12 Trillion
C = $8 Trillion
G = $2 Trillion
Spublic = -$0.5 Trillion
T = $2 Trillion
Use these data to calculate the following:
a. Private saving
b. Investment spending
c. Transfer Payments
d. The government budget deficit or budget surplus
Part A- (a) Private saving = $0 Trillion. (b) Public saving = $2 Trillion - x (c) Government purchases = $x Trillion (d) Government budget deficit or budget surplus = -$8 Trillion + $x. Part B (a) Private saving = $2 Trillion
(b) Investment spending = $2 Trillion (c) Transfer payments = $2.5 Trillion (d) Government budget deficit or budget surplus = -$10.5 Trillion
Part A:
a. Private saving = Y - C - T
Private saving = $11 Trillion - $8 Trillion - $3 Trillion = $0 Trillion
b. Public saving = T - TR - G
Public saving = $3 Trillion - $1 Trillion - $x Trillion (G = x) = $2 Trillion - x
c. Government purchases = G
Government purchases = $x Trillion
d. Government budget deficit or budget surplus = T - TR - G - C - I
Government budget deficit or budget surplus = $3 Trillion - $1 Trillion - $x Trillion (G = x) - $8 Trillion - $2 Trillion = -$8 Trillion + $x
Part B:
a. Private saving = Y - C - T
Private saving = $12 Trillion - $8 Trillion - $2 Trillion = $2 Trillion
b. Investment spending = Y - C - G
Investment spending = $12 Trillion - $8 Trillion - $2 Trillion = $2 Trillion
c. Transfer payments = T - Spublic
Transfer payments = $2 Trillion - (-$0.5 Trillion) = $2.5 Trillion
d. Government budget deficit or budget surplus = T - G - Spublic - C - I
Government budget deficit or budget surplus = $2 Trillion - $2 Trillion - (-$0.5 Trillion) - $8 Trillion - $2 Trillion = -$10.5 Trillion
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when moving from valuing an option on a non-dividend paying stock to an option on a currency, which of the following is true?group of answer choicesa. the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate in all calculations.b. the formula for u changes.c. the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate for discounting.d. the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate when p is calculated.
The right response is c. The excess of the domestic risk-free rate over the international risk-free rate for discounting is used in place of the risk-free rate when evaluating an option on a currency rather than a non-dividend paying stock.
The correct answer is c. When moving from valuing an option on a non-dividend paying stock to an option on a currency, the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate for discounting. This is because in the case of currency options, the exchange rate between the two currencies is a key factor in determining the option's value. Therefore, the risk-free rate used for discounting future cash flows should reflect the interest rate differential between the two currencies.
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3. Please refer to the web link in elearning from Freakonomics that examines cheating in sumo wrestling to answer the following questions. (a) Sumo Wrestling uses a tournament structure. Tournaments are de- signed so that participants use maximum effort. That is, small dif- ferences in performance lead to large differences in outcomes. What particular number of wins generated the incentive to cheat? This question is worth Ten Points. (b) Why did that particular number of wins generate the incentive to win? How does that relate to the idea of "winner take all "? What type of cheating behavior was generated? This question is worth Fifteen Points.
(a) The particular number of wins that generated the incentive to cheat in Sumo Wrestling was 8 wins out of 15 matches.
(b) This number of wins generated the incentive to cheat because it was the minimum number of wins required to advance to the top division, where wrestlers could earn much higher salaries and prestige.
This relates to the idea of "winner take all" because the rewards for advancing to the top division were significantly higher than those for remaining in the lower division.
The type of cheating behavior generated was match fixing, where wrestlers would intentionally lose matches to lower-ranked opponents in order to manipulate the standings and ensure they would reach the required 8 wins.
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-3 Ms. Steele says the BART workers gave back how much in concessions in the bargaining for the 2009-2013 contract? at of Select one: a. $1.33 per hour b. two million dollars c. nothing d. one hundred million dollars e. 600 hours of free work by each employee 4 Did BART workers represented by SEIU get wage increases in 2012, and if so, how much? a Select one: a. yes, one percent of b. yes, 50 cents an hour c. no, nothing d. yes, three percent per year e. so much I can't even imagine a number that huge, just too huge
The wage increases in the second question indicate a successful negotiation for the workers.
Why will be BART workers represented by SEIU get wage increases?The first question asks how much in concessions the BART workers gave back in bargaining for the 2009-2013 contract. The correct answer is d. one hundred million dollars. This means that the BART workers agreed to forgo $100 million in potential compensation in order to reach an agreement with BART management.
The second question asks whether SEIU-represented BART workers received wage increases in 2012, and if so, how much. The correct answer is d. yes, three percent per year. This means that the workers received a three percent increase in their wages each year of the contract period, which was from 2012 to 2016.
Overall, these questions relate to labor relations and negotiations between BART management and workers represented by SEIU. The concessions given by the workers in the first question demonstrate a willingness to compromise and work towards a solution.
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The unemployment rate is calculated as: A) (employed - labor force)/employed × 100. B) (employed + unemployed)/labor force × 100. C) unemployed/population × 100. D) (unemployed)/labor force × 100.
The unemployment rate is calculated as (unemployed)/labor force × 100.The correct answer is D)
The unemployment rate is a key economic indicator that measures the percentage of the labor force that is unemployed but actively seeking employment. The labor force includes both employed and unemployed individuals who are able and willing to work.
To calculate the unemployment rate, the number of unemployed individuals is divided by the labor force and multiplied by 100 to express the result as a percentage. This formula is represented as (unemployed)/labor force × 100.
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traditionally, the primary goal of american business is to: group of answer choices c. improve our standard of living. d. none of the above. b. make a profit. a. to act responsibly.
Traditionally, the primary goal of American business is to make a profit. In the context of American capitalism, businesses are primarily driven to profit maximization, which serves as the primary indicator of success and growth.
This is because profit enables businesses to reinvest in themselves, expand operations, create more jobs, and ultimately contribute to the overall economy.
While acting responsibly, improving the standard of living, and other objectives may be important, they are generally considered secondary goals that stem from a business's primary goal of making a profit.
By pursuing profit maximization, American businesses can generate wealth and create value, which in turn may lead to a better standard of living for the employees, the communities they operate in, and the broader society.
To achieve profitability, businesses focus on strategies such as increasing revenue, minimizing costs, optimizing operations, and developing innovative products and services.
By pursuing these goals, businesses can ensure their continued growth and success in the competitive marketplace, while also contributing to the broader economic development of the country.
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A large corporation has decided to expand internationally. To expedite their efforts, high
ranking members within the corporation paid the foreign government officials under the
table to quickly approve and support the construction of new store fronts in their country.
What rules and regulations are in place to defend against this ethical issue?
The act of paying foreign government officials under the table in order to expedite business efforts is considered bribery and is illegal under the Foreign Corrupt Practices Act (FCPA) in the United States.
The FCPA prohibits bribery of foreign officials and requires publicly traded companies to maintain accurate books and records and have internal controls in place to prevent bribery. Additionally, many countries have their own anti-bribery laws and regulations in place. To defend against this ethical issue, companies should have strict policies and procedures in place to prevent bribery and corruption, provide training for employees on anti-bribery laws and regulations, conduct due diligence on third-party partners and vendors, and have a system for reporting and investigating potential violations. Compliance with these regulations not only helps prevent legal and financial repercussions, but also helps maintain the company's reputation and credibility in the international marketplace.
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lotties leftyy products inc provides retailers with products for left Hannah customers. Lotties buys products from a variety of manufactures and stores the merchandise in its facilities until purchase from small retailers. lotties products is an example ofbroker or agentmanufacturerwholesalerretailer
The greatest and newest items for left-handed customers are supplied business Lefty to stores and other businesses.Long Island Lefty is an example of a wholesaler and does not sell to consumers directly. The correct answer is b. manufacturer.
The pursuit of profit via the production, acquisition, sale, and exchange of commodities and services is known as business. It entails determining the needs of the client, creating goods and services to fulfil those wants, setting their prices, and distributing them.Businesses can be as small as one person working alone or as big as multinational conglomerates.Businesses can exist as sole proprietorships, partnerships, corporations, cooperatives, and franchises, among other configurations. Businesses exist to add value for customers, increase owner wealth, and give employees a place to work.
Complete question:
lotties leftyy products inc provides retailers with products for left Hannah customers. Lotties buys products from a variety of manufactures and stores the merchandise in its facilities until purchase from small retailers. lotties products is an example ofbroker or a.agent
b. manufacturer
c . wholesaler
d. retailer
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__ 13. Teams have an incentive to invest in player training
In a world of complete free agency.
Regardless of what the labor market is like for players who make the majors.
Only if players are tied to their original teams for a set number of years before free agency.
All of the above.
Teams have an incentive to invest in player training only if players are tied to their original teams for a set number of years before free agency.
In a world of complete free agency, teams would not have an incentive to invest in player training because players would be able to sign with any team they want once they become free agents. This would mean that teams would be investing in players only to see them leave for another team, which would not be a good return on investment for the team.
However, if players are tied to their original teams for a set number of years before free agency, teams would have an incentive to invest in player training. This is because the team would have a certain amount of control over the player's future, and would have a greater chance of retaining the player once they become free agents.
In this scenario, investing in player training would be a smart long-term strategy for the team, as it would increase the chances of the player staying with the team and contributing to its success.
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The salary paid to the maintenance supervisor in a manufacturing plant is an example of:Product Cost Manufacturing OverheadA) No YesB) Yes NoC) Yes YesD) No No
The salary paid to the maintenance supervisor is an example of manufacturing overhead but not a direct cost of producing a specific product. Therefore, the answer is Yes, No. The correct option is (B).
The salary paid to the maintenance supervisor in a manufacturing plant is an example of manufacturing overhead. Manufacturing overhead includes all indirect costs associated with manufacturing a product, such as the cost of factory utilities, maintenance, and rent. These costs are not directly tied to the production of a specific product but are necessary for the manufacturing process to occur.
In contrast, product cost includes all costs directly tied to the production of a product, such as the cost of direct materials and direct labor. The salary paid to the maintenance supervisor is not a direct cost associated with producing a specific product but is an indirect cost necessary for the manufacturing process to occur.
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HinsonCo raises the price of its renown Hooked on Economics videos for preschoolers by 5%. Sales subsequently drop from 100,000 units per year to only 75,000 units. Calculate the price elasticity of demand. Be sure to show all your work.
The price elasticity of demand is -1.5, indicating a relatively elastic demand for Hooked on Economics videos.
To calculate the price elasticity of demand, we use the formula:
Elasticity (E) = (% change in quantity demanded) / (% change in price)
First, we need to find the percentage change in quantity demanded:
Initial quantity (Q1) = 100,000 units
Final quantity (Q2) = 75,000 units
% change in quantity demanded = ((Q2 - Q1) / Q1) * 100 = ((75,000 - 100,000) / 100,000) * 100 = -25%
Next, the percentage change in price is given as 5%.
Now, we can find the price elasticity of demand:
E = (-25%) / (5%) = -1.5
This result suggests that the demand for Hooked on Economics videos is relatively elastic, meaning consumers are sensitive to price changes.
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Milby Corporation purchased three hats to sell during the year. The first, purchased in February, cost $5. The second, purchased in April, cost $6. The third, purchased in July, cost $8. If Milby sells two hats during the year and uses the FIFO method, what would cost of goods sold be for the year
If Milby Corporation purchased three hats at different times for different prices and sells two hats during the year using the FIFO (first-in, first-out) method, the cost of goods sold for the year would be $11. The Correct option is A
This is because the first hat purchased in February for $5 would be the first one sold, followed by the second hat purchased in April for $6, leaving the third hat purchased in July for $8 as inventory.
Therefore, the total cost of the two hats sold would be $5 + $6 = $11, and the remaining hat in inventory would have a cost of $8. The cost of goods sold is calculated by adding up the cost of all goods sold during a specific period.
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Complete Question:
What would be the cost of goods sold for the year if Milby Corporation, which purchased three hats at different times, sells two hats during the year and uses the FIFO method?
A) $11
B) $13
C) $14
D) $16
At Methodist Hospital, nurses work four 10-hour shifts each week instead of five 8-hour shifts. This is an example of
Pilih definisi yang benar
a compressed workweek.
job rotation.
job sharing.
a jellyfish workweek.
A compressed workweek is a schedule where an employee works fewer days but for longer hours each day. In the case of Methodist Hospital, nurses work four 10-hour shifts each week instead of five 8-hour shifts. Option (a)
This schedule is often preferred by employees as it allows for an additional day off each week, which can improve work-life balance and reduce commuting time and expenses. Additionally, it can also benefit employers by increasing productivity, reducing absenteeism, and improving employee satisfaction and retention.
Job rotation involves moving employees between different positions or tasks, while job sharing involves two or more employees sharing the responsibilities of one full-time position. A jellyfish workweek is not a commonly used term in labor or management studies.
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What is the impact of Residential Electricity needs on the SystemDemand in Southern Africa?§ Explain your answer, exploring the meaning of Demand and in the contextof how a SADC country as an electricity bulk importing nation can managedemand fluctuations.
Residential electricity needs can have a significant impact on the System Demand in Southern Africa. Demand refers to the amount of electricity that consumers require at any given time. When the residential electricity needs increase, the demand for electricity also increases, which can cause fluctuations in the electricity system.
In the context of a SADC country as an electricity bulk importing nation, managing demand fluctuations is crucial for ensuring a stable and reliable electricity supply. Demand-side management (DSM) programs and investment in energy storage systems are two ways to manage demand fluctuations and improve energy security.
DSM programs aim to reduce electricity consumption during peak demand periods by incentivizing consumers to shift their electricity usage to off-peak periods or by encouraging energy-efficient behavior.
Energy storage can help to balance electricity supply and demand by storing excess electricity during low demand periods and releasing it during peak demand periods, reducing the need for expensive peaking power plants.
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The contagion effect
A. stems from the positive correlation in FI returns.
B. results when interest rate risk increases credit risk and liquidity risk exposures.
C. occurs when liquidity risk problems at bad banks damages well-run banks.
D. occurs when a computer virus infects the computerized electronics payments systems Fedwire and CHIPS.
E. is completely eliminated by government provided deposit insurance against bank runs.
This effect can occur in various ways, such as through market-channels, direct interbank linkages, or common exposures to a particular type of risk.
The contagion effect refers to the spread of financial distress or a financial crisis from one firm or sector to another.
Financial contagion refers to "the spread of market disturbances – mostly on the downside – from one country to the other, a process observed through co-movements in exchange rates, stock prices, and capital flows
The contagion effect but not the same thing. The amplification effect occurs when a shock to one type of risk (such as interest rate risk) increases the risk exposures of other types (such as credit and liquidity risk), leading to a broader impact on the financial system.
The contagion effect can occur when a liquidity problem at one institution spreads to other institutions, even if they are well-run. This can happen if the well-run institutions have exposure to the distressed institution, such as through interbank lending or derivative contracts.
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Most monetarists favor: a. frequent changes in the growth rate of the money supply to avoid inflation. b. placing the Federal Reserve under the Treasury. c. a constant increase in the money supply year after year equal to the potential annual growth rate in real GDP. d. a steady, gradual shrinkage of the money supply.
Most monetarists favor a constant increase in the money supply year after year equal to the potential annual growth rate in real GDP.
This view is based on the belief that inflation is primarily a monetary phenomenon caused by excessive growth in the money supply. Therefore, monetarists advocate for a stable and predictable growth rate in the money supply to maintain price stability and promote long-term economic growth.
They believe that the central bank should set a target growth rate for the money supply and adjust it as necessary to achieve this goal, rather than frequently changing the growth rate. Additionally, monetarists generally support an independent central bank, separate from the Treasury, to avoid political interference in monetary policy decisions.
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