Answer:
a-1)
- Project A = 0.70
- Project B = 0.64
- Project C = 0.81
- Project D = 1.29
a-2) Mountain Ski Corp. should choose projects D and C
b) Lakeway Train Co. should choose project B
Explanation:
It’s needed to calculate the coefficient of variation for each project
Formula: CV=σ/μ
Where:
σ = standard deviation
μ = mean
The coefficient of variation (CV) is a ratio that compares the standard deviation with the mean of a project`s return, indicating the volatility and risk of it. The lower its value the better risk-return trade-off. So, a company set up to take large risks such as Mountain Ski Corp. would choose projects with high CV (Projects D and C), and a risk-averse company such as Lakeway Train Co. would choose projects with low CV (Project B).
Answer:
P = Average Total Cost
Explanation:
Because the market is monopolistically competitive market, one can tell that it is in long run equilibirum by the fact that P = ATC at the optimal quantity. Furthermore, the quantity he firm produces in long run equilibrium is less than efficient scale.
Answer: Structured interview
Explanation:
The structured interview is one of the type of method that is used in the quantitative research process that ensure that the order of questions in the interview in similar manner.
It is one of the effective method that is typically introduced to overcome all the disadvantages of the traditional interview method. The main benefit of the structured interview is that it is one of the fastest way for comparing the performance of the candidate.
According to the given question, Sonja prepared the questions for the interview based on the given description of the job and this planning process is known as the structured interview.
Therefore, Structured interview is the correct answer.
Answer:
The correct answer is D. imposes a small deadweight loss relative to the tax revenue it raises.
Explanation:
By not discouraging the activity, it is understood that taxes should not distort the economic decisions of the individuals subject to taxation. In the theory of Public Finance the inefficiency of taxation can be analyzed through the so-called "excess tax", as a quantification of the loss of utility generated by a distorting tax. The excess of tax arises because the loss of total welfare generated by the tax on the individual with the modification in their behavior, is greater than the mere loss of welfare caused by the decrease in disposable income that comes with the payment of the tax. The value of excess tax that is generated by the substitution effect is greater the higher the tax rate and elasticity (Musgrave, 1986). Therefore, the relationship of exchange between efficiency and equity is not so simple for governments when designing their fiscal policy.
These are examples of D. documentation
Hope this helps!
