Answer:
The expected return that IMI can provide subject to Johnson's risk constraint is 8.5%
Explanation:
Capital Market Line (CML)
Expected return on the market portfolio, E(
) = 12 %
Standard deviation on the market portfolio, σ
= 20%
Risk-free rate, 
= 5%
E(
) = + [ E(
) - ] × ( σ
÷ σ)
= 0.05 + [ 0.12 - 0.05] × (0.10 ÷ 0.20)
= 8.5%
Answer: $25
Explanation:
Total revenue, at price = $50
Total revenue = price × units sold
= $50 × 0
= 0
Total revenue, at price = $45
Total revenue = price × units sold
= $45 × 1
= $45
Total revenue, at price = $40
Total revenue = price × units sold
= $40 × 2
= $80
Total revenue, at price = $35
Total revenue = price × units sold
= $35 × 3
= $105
Marginal revenue of third unit = 
= 
= $25
Answer:
D. Fixed-ratio; variable-ratio
Explanation:
Fixed ratio (FR) schedule, a specific or “fixed” number of behaviors must occur before you provide reinforcement.
Variable Ratio: In a variable ratio (VR) schedule, an average number of behaviors must occur before reinforcement is provided.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The standard labor cost for a motor tune-up is given below:
Standard Hours= 2.5
Standard Rate= $33
Standard Cost Motor tune-up= 82.5
The shop supervisor recalls that 58 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups:
Labor rate variance $ 80 F
Labor spending variance $ 118 U
1) Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (58*2.5 - actual quantity)*33
118= (145 - AQ)*33
118= 4,785 - 33AQ
-4,667= -33AQ
141.42= Actual Quantity
2) Direct labor price variance= (SR - AR)*AQ
80= (2.5 - Actual rate)*141.42
-273.55= -141.42AR
1.92= Actual rate
