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A study finds that the marginal rate of technical substitution between physicians and nurses is -0.68. How many physicians are required to replace four nurses and still produce the same amount of output?
3
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Which of the following is included in the conditions in which vertical relationships can enhance a firm's ability to price discriminate? a. The costs of arbitraging the price difference across markets is large b. The manufacturer acquires the distributor in the higher-priced market. c. Lack of competition provides t...
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Noncancerous cells .... while cancerous cells .... a.) reach a hayflick limit; do not reach a hayflick limit b.) do not express telomerase; experess telomerase c.) have shelterin; do not have shelterin d.) are stationary; circulate e.) none of the above
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How do you find the first four nonzero terms in the Taylor series about 0 for the function e^{-7x}?
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Which of the following types of prices are NOT based on the elasticity of demand along the length of the demand curve? a) special sales. b) bundling. c) peak-to-off-peak pricing. d) All of the above are based on the elasticity of demand.
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Does it makes sense for a country to be a net borrower (i.e., foreign capital is greater than domestic investment) even though its national saving rate is greater than its national investment rate?
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Which of the following results in an increase in work-in-process inventory? a. Selling finished goods inventory b. Using direct manufacturing labor hours c. Purchasing raw materials d. Finishing a job in process
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Choose the answer. Insolvent banks were not closed during the Great Depression because a. most depositors were given cash in exchange for their bank shares. b. the US government wanted to support the American economy. c. the Federal Reserve Board did not have the funds to close banks. d. the FDIC had not been created y...
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Depreciation on Abel Manufacturing Company's trucks that are used to deliver products is classified as which of the following? A. direct materials cost B. direct labor cost C. manufacturing overhead cost D. period cost
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An investment has an internal rate of return of 11.48 percent and a net present value of $1,534.22. The initial cost of the investment is $41,420. How long will it take for the investment to generate cash flows of $6,500 per year? Select one: a. 9 years b. 12 years c. 14 years d. 10 years e. 8 years
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In the long run, a monopolistically competitive firm always produces where: a. price is higher than marginal cost b. marginal cost equals the average cost c. marginal revenue equals marginal cost d. price is equal to marginal cost e. (c) and (d)
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The value of $$\sum_{i=1}^n \sum_{j=1}^n \sum_{k=1}^n \delta_{ij}\delta_{jk}$$ is: (A) $n$ (B) $n^2$ (C) $n^3$ (D) $n^2+n$
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Use partial fractions to evaluate {eq}\int \frac{8x - 13}{(x - 1)(x - 2)}dx.
5ln|x-1|+3ln|x-2|+C
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If Roten Rooters, Inc., has an equity multiplier of 2, total asset turnover of 1.2, and a profit margin of 5.6 percent, what is its ROE (in %)?
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Assume that a monopolist faces a demand curve for its product given by: p = 120 - q Further assume that the firm's cost function is: TC = 580 + 11q. How much output should the firm produce at an optimal price?
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Evaluate the double integral {eq}\iint_{D} 8xy \, \mathrm{d}A, \; D{/eq} is the triangular region with vertices {eq}(0, 0), \; (1, 2),{/eq} and {eq}(0, 3){/eq}.
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Keenan Co. is considering an investment that will reduce expenses by $5,000 per year for 3 years. The project's cost is $7,000, and the asset being purchased will be depreciated using the straight-line method over 3 years. Assuming a tax rate of 34%, what is the cash flow from the project? a. -$6,016 b. $1,309 c. $3...
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Is there any closed form for the function $$g(x)=\lim_{n\to\infty} n \sin\left(\frac{x}{n}\right)?$$ If not, is it possible to solve for the inverse?
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Suppose a construction project anticipates the beginning-of-month draws of $400,000, $300,000, and $600,000 consecutively. What will be the balance owed at the end of the third month if the interest on the loan is 7% per annum (nominal annual rate, compounded monthly), and no payments of either principal or interest ar...
B
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A particle is moving in a plane with position vector {eq}r(t) = <x(t),y(t)>{/eq}. The velocity vector is {eq}v(t) = <-5cos(2t),5sin(2t)>{/eq}. If the position at time t = 0 is r(0) = <1,2>{/eq}, find the position at time t.
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If an atom of iodine has a mass number of 127, how many neutrons are in its nucleus?
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What is the derivative of x with respect to a^x?
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Consider the following information about the economy: Consumption function: C = 100 + 0.80YD Investment function: I = 150 - 25r Tax function: T = 100 Government spending: G = 100 Transfer payments: TR = 50 Net exports: NX = -50 Money demand for transactions: Md/P = 0.4Y Money demand for asset: Md/P = 200 - 50r ...
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Which of the following is responsible for partial specialization existing? a. Increasing costs can force the cost basis of two trading nations to converge b. Labor union contracts can make a firm responsible for employee benefits long after a plant is shut down c. Some products cannot be traded internationally d. A...
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Find the minimum sample size n needed for the given values of c = 0.98, {eq}\sigma =5.8, E=2{/eq}
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Given that $a, b$ are elements of $\mathbb{Z}$ such that $(a, b) = 1$, how can one prove that $(a^2, ab, b^2) = 1$?
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The spot exchange rate in New York is 1.600 dollars per British pound. The 360-day forward exchange rate is 1 680 dollars per pound. The one-year interest rate in Great Britain is 2% while the one-year interest rate in the United States is 4%. If the interest rate in Great Britain remains at 2%, what should the interes...
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The common stock of Milk in My Tumbler (MMT) has a beta of 0.75. If the expected return on the market is 12.8% and the risk-free rate is 3.45%, what is the expected return on MMT stock?
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If expected exchange rate is lower than the current exchange rate, what does that imply about the inflation rates between the two countries? a. The inflation rate in the domestic country is lower than in the foreign country. b. The inflation rate in the foreign country is lower than in the domestic country. c. The i...
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The labor demand curve for professional tennis players _____ the demand curve for tennis balls. a. is the same as b. is steeper than c. is flatter than d. does not intersect
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Find the general solution for the ODE y' = (1 + y^2)e^x.
y = tan(e^x+c )
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A company had net cash flow of 15.0 million dollars, a current ratio of 2.3, total assets of 56 million dollars, and operating expenses of 22 million dollars during a particular year. Its current liabilities equal 37 million dollars. Find its debt ratio. Round your answer to two decimal places.
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Let X be a random variable with the following moment generating function: {eq}M(t) = (1 - 4t)^{-3} {/eq}. Find the coefficient of skewness of X.
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Regulatory forbearance: A) meant delaying the closing of "zombie S&Ls" as their losses mounted during the 1980s. B) had the advantage of benefiting healthy S&Ls at the expense of "zombie S&Ls", as insolvent institutions lost deposits to health institutions. C) had the advantage of permitting many insolvent S&Ls the ...
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My question is why is net exports $90 - $100 * r and not $200 - $100 * r. What am I doing wrong or not understanding about the question?
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Which of the following portfolios can't be on the efficient frontier? A. Portfolio 1: (expected return = 18%; standard deviation = 18%) B. Portfolio 2: (expected return = 15%; standard deviation = 18%) C. Portfolio 3: (expected return = 15%; standard deviation = 12%) D. Portfolio 4: (expected return = 18%; standard...
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How competitors calculate inventory cost is least likely to affect comparisons between competitors if inventory makes up a: a) large percentage of assets and inventory costs are not stable. b) small percentage of assets and inventory costs are not stable. c) large percentage of assets and inventory costs are stable....
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An approximately normal distribution has a standard deviation of 10. Find the mean value of this distribution such that there is a probability of about 20% that an individual picked from the population will have a value less than 38.5.
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$((4 + 2/n)^n) = (e^{\ln(4+2/n)})^n$ $(e^{n\cdot\ln(4+2/n)})$ What steps do I take to get to $e^{\ln(4)} = 4$ from here?
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Which of the following is not one of the most common methods of capital budgeting? a) Cash flow technique b) Accounting rate of return c) Internal rate of return d) Net present value
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Outsourcing certain value-added activities with foreign suppliers is known as _____. A) offshoring B) global resourcing C) privatization D) subsidizing
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Suppose for a monopoly firm, marginal revenue is MR = 10 - Q. Then the demand function has the following form: A. P = 5 - 0.5Q B. P = 10 - 2Q C. P = 10 - 0.5Q D. P = 5 - 0.5Q
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If the liquidity effect is smaller than the other effects, and the adjustment to expected inflation is slow, then the: A) interest rate will fall. B) interest rate will rise. C) interest rate will initially fall but eventually climb above the initial level in response to an increase in money growth. D) interest rat...
C
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Compute the Net Present Value (NPV) for the following firm, assuming the cost of capital is 12%. Year 0: -150,000 Year 1: 45,000 Year 2: 45,000 Year 3: 45,000 Year 4: 45,000 Year 5: 45,000 Select one: a. $17,776 b. -$143,224 c. $54,000 d. $45,000
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How do you find the limit of #(1+1/n)^n# as n approaches #oo#?
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Amelia Corporation has the opportunity to invest in a new machinery that will cost $147,360. The machinery is expected to have a useful life of 10 years with no residual value. If the machinery is purchased, annual revenues are expected to be $61,000 and annual operating expenses exclusive of depreciation expenses are ...
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When indirect materials are requisitioned from the materials storeroom and placed in production, an entry is made crediting raw materials inventory and debiting: a. Work in process inventory. b. Cost of goods manufactured. c. Manufacturing overhead applied. D. Manufacturing overhead.
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Oriole Company estimates its production requirements for the next three months as follows: AprilMayJune Direct materials$124,000$155,000$138,000 Direct labor$190,000$228,000$200,000 Each unit of finished product contains 2 pounds of material and 2 hours of direct labor. Beginning inventory includes 15,000 pounds of...
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Anteater Enterprises began operations on July 1. It uses a perpetual inventory system,. During July the company had the following purchases and sales. Date Units Unit cost Unit sold July 1 6 $47 - July 7 - - 4 July 12 5 $51 - July 14 -...
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One of the elements of financial statements is comprehensive income. Comprehensive income is equal to: A) revenues minus expenses plus gains minus losses. B) revenues minus expenses plus gains minus losses plus investments by owners minus distributions to owners. C) revenues minus expenses plus gains minus losses pl...
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S&S Interiors has paid a constant dividend of $0.40 per share for many years. Yesterday, the firm announced that the dividend will increase next year to $0.48 per share. The company has stated that the dividend will continue to grow at this rate for the foreseeable future. If you own 100 shares of S&S stock and require...
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Which of the following assets is a current asset? A) Land. B) Long-term investments. C) Patents. D) Treasury bills. E) Equipment.
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Which of the following events would make it more likely that a company would choose to call its outstanding callable bonds? a. Inflation increases. b. The company's financial condition worsens. c. Market interest rates decline. d. The company's financial condition improves. e. Market interest rates rise.
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How can I show that $$ \frac{1}{2}(1-x^2)^{n+1} = \frac{1}{2}\sum_{i=0}^{n}\binom{n}{i}x^{2i}(1-x^2)^{n-i} $$
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What is the uncertainty, in meters, in the position of an electron moving near a nucleus at a speed of 9 x 10^7 m/s. Assume the uncertainty in the speed of the electron is 1% of its value that is What is the uncertainty, in meters, in the position of an electron moving near a nucleus at a speed of 9 x 10^7 m/s. Assume ...
6.43 * 10^-11 m
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If a company's production function exhibits economies of scale, a 1 percent increase in all its inputs will: A. cause output to increase by more than 1 percent. B. cause output to increase by less than 1 percent. C. have no effect on the percentage increase in output. D. cause output to increase by more than the in...
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Compute the upper control limit (UCL) for a p chart for which 180 samples of size 100 were selected yielding a p = 0.040, and using 1% alpha risk in determining the limits. Show work.
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In which type of economy would you most likely find a government-imposed minimum wage of $5.00 an hour and a private-sector agreement to pay a minimum wage of $6.00 an hour? a. A command economy b. A market economy c. An entrepreneur-driven economy d. A mixed economy
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An investor in Treasury securities expects inflation to be 1.5% in Year 1, 3.4% in Year 2, and 3.75% each year thereafter. Assume that the real risk-free rate is 2.75% and that this rate will remain constant. 5-year Treasury securities yield 8.25%, while 7-year Treasury securities yield 8.75%. What is the difference in...
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Integrate: {eq}\int_{0}^{1} \int_{0}^{z} \int_{0}^{y} (y + z + x) \, dx \, dy \, dz{/eq}
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If a country has negative net capital outflows, then its net exports are: A. positive and its saving is larger than its domestic investment B. negative and its saving is larger than its domestic investment C. negative and its saving is smaller than its domestic investment D. positive and its saving is smaller than ...
C
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Use the following information to answer the question(s) below. 20122013 Price of pizza$15$20 Price of tacos$5$10 The price of pizza in 2013 is _____ times the price of pizza in 2012, and the price of tacos in 2013 is _____ times the price of tacos in 2012. A. 1.33; 2 B. 2; 1.33 C. 0.75; 0.5 D. 0.5; 0.75
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Suppose the multiplier equals 2.0, real GDP is $8 trillion, and government spending increases by $0.2 trillion. Which statement is correct? a. Real GDP will increase by $1 trillion. b. Real GDP will increase by $0.2 trillion. c. Real GDP will decrease by $1 trillion. d. None of the above.
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State University provides goods and services only to State Government. In 2011, it provided services with a market value of $4 million to the state government. It received $3 million in state aid and $200,000 in tuition. What amount will State University include in its Statement of functional expenses? A) $200,000 B)...
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Parker Printing has a target capital structure of 40% common stock and 60% debt. The cost of equity for Parker's common stock is estimated to be 13%, and the company's pre-tax cost of debt is 12%. Parker's marginal tax rate is 35%. What is Parker's WACC?
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What is the net present value of a project with the following cash flows if the required rate of return is 10%? Year 0 - $28,900 Year 1 + $10,400 Year 2 + $14,700 Year 3 + $13,300 A. $29.24 B. $23.88 C. $24.14 D. $22.01 E. $28.20
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The journal entry for the sale of a vehicle for cash with again would include which of the following? a. Debit cash, debit vehicle, credit gain on sale b. Debit cash, credit vehicle, credit gain on sale c. Debit cash, debit accumulated depreciation, credit vehicle, credit gain on sale d. Debit cash, credit accumula...
c
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The maximum concentration of Pb2+ in a 1.0 L sample of natural water is 0.010 M. What is the maximum concentration of I- in the water if the concentration of the added KI is 0.00010 M? PbI2(s) ----> Pb2+(aq) + 2I-(aq) Ksp = 1.4 * 10^-8 Show all of your work.
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Given the following information, calculate the WACC for Trane Corporation. Debt: Face Value = $10,000,000, Cost of Debt = 9% Tax Rate = 21% Common Stock: 5,000,000 shares outstanding, Price per share = $34.00, Cost of equity = 13% Preferred Stock: 2,000,000 shares outstanding, Price per share = $102.00, Cost of prefe...
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The two major forms of departmentalization used in most organizations are: A. divisional and functional. B. functional and matrix. C. product and geographic. D. functional and customer.
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According to the CAPM, which of the following factors cannot be controlled by a well-diversified investor? a. The volatility of the stock market as a whole. b. The sensitivity of the stock to economic changes. c. The overall level of expected returns on the market. d. All of the above can be controlled.
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Compute the integral {eq}\displaystyle \int_{c} f(r(t))||r'(t)||dt, where {eq}c is the curve given by {eq}\displaystyle r(t) = < e^t, e^{-t> for {eq}0\leq t\leq \ln 3 {/eq} and {eq}f(x, y) = x - y{/eq}. Round your answer to two decimal places. A. 2.00 B. 6.00 C. 4.00 D. 3.20 E. None of the above
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An organization which is composed of cells that can operate alone but that can interact with other cells to produce a more potent and competent business mechanism is referred to as a(n) A) re-engineered organization. B) virtual organization. C) modular organization. D) network organization. E) ongoing organization...
C
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A particular fruit's weights are normally distributed, with a mean of 278 grams and a standard deviation of 23 grams. If you pick 26 fruits at random, what is the probability that their mean weight will be between 270 grams and 276 grams.
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A charge of 50 nC is uniformly distributed along the y-axis from y= 3.0 m to y = 5.0 m. What is the magnitude of the electric field at the origin? a) 50 N/C b) 30 N/C c) 18 N/C d) 15 N/C
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A perfectly competitive firm maximizes its profit by producing 500 units of output, at which point its MR = MC. The average total cost is $40, and the average variable cost is $30. The current price is $50. To maximize its profit, the firm could increase its profit by: a. Increasing production. b. Decreasing producti...
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The president of the largest firm in an industry: a. Always makes the right decision. b. Sets the price so that other firms in the industry will make a profit. c. Can earn more profit than would be possible if the industry was perfectly competitive. d. Earns no economic profit if the industry is perfectly competiti...
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The management of Bischke Corporation is investigating an investment in equipment that would have a useful life of 8 years. The company uses a discount rate of 16% in its capital budgeting. Good estimates are available for the initial investment and the annual cash operating outflows, but not for the annual cash inflow...
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During the year just ended, Berlin Co. had an outstanding 100,000 shares of common stock and 5,000 shares of noncumulative, $7 preferred stock. Each share of the latter is convertible into three shares of common. For the year, Berlin had $230,000 income from continuing operations and $575,000 of extraordinary losses; n...
B
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Interest is compounded quarterly and the stated interest rate is 8 percent. Which of the following statements is true about the annual expected return on investments? a. The effective rate is slightly greater than 8 percent. b. The effective rate is slightly less than 8 percent. c. The effective rate is equal to 8 p...
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An expansionary monetary policy affects aggregate demand: a. indirectly, by lowering interest rates and the available quantity of loans, which stimulates spending. b. indirectly, by increasing interest rates and the available quantity of loans, which reduces spending. c. directly, by increasing government expenditur...
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On March 1, 2015, the makers of basic Goo Product A sold 3,000 units at a price of $30 per unit. During March, the sellers issued 2,600 free units to customers in exchange for cash. This transaction is considered to be a shipping arrangement. The sellers also acquired a trade-in allowance of 5,000 units with the same p...
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All of the following statements regarding regression analysis are true EXCEPT: a. the slope coefficient in a simple linear regression model must always be estimated using a least squares approach. b. the coefficient of determination is equal to the square of the correlation coefficient in simple linear regression. c...
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Using implicit differentiation, if xy = ln(x-y), then y' =
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The current price floor in the agricultural lettuce market, p(floor) = $1, makes it such that the price of lettuce is 25% higher than the equilibrium price and 100 heads of lettuce are demanded. Assuming that the elasticity of demand for lettuce is -0.50, what would be the equilibrium price and quantity of lettuce if t...
d
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How much energy is stored in the 300-turn, 0.10-mH inductor of an RLC circuit at {eq}t {/eq} = 5.0 s if {eq}\frac{di}{dt} {/eq} = 130 A/s at this time?
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Karlof Corporation's most recent income statement appears below: Sales (all on account)$670,000 Cost of goods sold$320,000 Gross margin$350,000 Selling and administrative expense$240,000 Net operating income$110,000 Interest expense$22,000 Net income before taxes$88,000 Income taxes (30%)$26,400 Net income$61,600 The...
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For a cash flow in which the payment period and the compounding period are not the same, which of the following methods can be applied? A. convert the non-standard cash flow into a geometric gradient series B. convert the non-standard cash flow into a standard by changing the compounding period C. convert the non-st...
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What is the risk-free rate, if the current one-year T-bill rate is 3% and the expected market return for the year is 8%? Assume the beta of your portfolio is 1.2 and the return for this year was 8.5%.
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Ace Company issues its bonds at a premium. At the end of the life of the bonds, which of the following is true? a. The amount of unearned premium will equal the amount of discount on bonds. b. The amount of unearned premium will equal the face value of the bonds. c. The amount of unearned premium will equal the cash...
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The random walk hypothesis suggests that _____. A. the best predictor of the future exchange rate is the current exchange rate. B. the best predictor of the future exchange rate is the current forward rate. C. both a) and b) are consistent with the efficient market hypothesis. D. None of the above
A
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The reaction below has an activation energy of 26.9 kJ/mol. At 27{eq}^\circ{/eq}C the rate constant is 0.0352 s{eq}^{-1}{/eq}. At what temperature in {eq}^\circ{/eq}C would the rate constant be 0.0730 s{eq}^{-1}{/eq}? A. 89.3 {eq}^\circ{/eq}C B. 114 {eq}^\circ{/eq}C C. 359 {eq}^\circ{/eq}C D. 39 {eq}^\circ{/eq}C
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How large a sample should you draw to ensure that the sample proportion is within 0.01 of the population proportion with a probability of 0.95, given that the proportion is likely to be no higher than 0.25?
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Using the time value of money tables, calculate the following: The interest rate for an annuity due of $3,000 at $1,000 per period for seven periods.
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The first step in HRP is: A) conducting a skills inventory. B) determining product demand. C) forecasting labor demand. D) forecasting labor supply.
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At a price of $50 per ticket, the number of tickets demanded is 6000. When the price increased to $54 per ticket, the number of tickets demanded decreased to 5600. In this price range, the price elasticity of demand is: A. -0.40 percent B. -0.67 percent C. -3.33 percent D. -6.67 percent
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{eq}\int^4_1 \int^{e^2}_0 \int^\frac{1}{xz}_0 \ln zdydzdx {/eq}
2ln4
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Which of the following are considered outside users of financial accounting information? a. banks b. managers c. owners d. employees
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Which of the following best represents the physical meaning of the curl of the velocity vector field {eq}\overrightarrow{v} {/eq}? A. Rate at which the fluid density is changing. B. Rate at which the pressure is changing. C. Rate at which the material of an infinitesimal fluid particle is rotating. D. Rate at which...
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When real GDP exceeds potential output, the unemployment rate is: a. Below the full-employment rate. b. Higher than the full-employment rate. c. Equal to the full-employment rate. d. Constant.
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