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3 years ago

The two basic reasons why economists often appear to give conflicting advice to policymakers are differences in

Business

1 answer:

masha68 [24]3 years ago

8 0

Answer:

Scientific judgement and value

Explanation:

Values are the set of believes and convictions that shapes individual's character, personality, judgement and opinion. The value system of an economists will surely shape is opinion in public issues , even it will also influence his or her advice to policy makers.

Scientific judgement is judgement based on the outcome of a conclusion derived from scientific analysis. this is an informed judgment as opposed value judgement.

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During the heavy Christmas shopping season, sales of retail stores, online sales firms, and other merchants rise significantly.

Gnesinka [82]

Answer:

A. The MD curve would shift out wards

B. Supply of money is unchanged, with nominal interest rate going up

C. Fed would increase money supply

Explanation:

The accompanying graphs for each answer has been provided in these attachments.

The money demand curve is going to shift outwards or to the right. This is because more money is going to be demanded by people for transaction purposes.

From the graph, we see that money demand increases from MDo to MD1 during Christmas period

If no action is taken by the fed, the supply of money is going to be unchanged while the nominal interest rate would go up.

During this period, the fed would increase supply of money so that the increased need to shop by people can be accommodated without having the interest rate go up.

From the, nominal Interest rate does not change due to the fed policy. Supply of money shifts outward.

7 0

3 years ago

How much money does the founder of Google make a year?

ElenaW [278]

There are actually two makers, and they both agreed to a one dollar salary a year.

8 0

3 years ago

Erkkila Incorporated reports that at an activity level of 6,800 machine-hours in a month, its total variable inspection cost is

Mashutka [201]

Answer:

27.79

Explanation:

According to the given situation, the computation of average fixed inspection cost per unit is shown below:-

Average fixed cost of inspection = Inspection cost ÷ Machine hous in a month

= $197,309 ÷ 7,100

= 27.79

Therefore for computing the average fixed inspection cost per unit we simply applied the above formula.

3 0

3 years ago

The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six

joja [24]

Answer:

A) ≈ 3.509 grams

B) The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( NO )

c) 1.051 ounces

Explanation:

A) The largest standard deviation ( in grams)

This can be calculated applying the capability index formula and according to the capability index formula the value at which a process is capable is at : 1.33

hence the largest standard deviation = upper limit - lower limit / 6 * 1.33

( 354 - 326 ) / 7.98 = 3.5087 ≈ 3.509 grams

B) we first calculate the process mean and std of the box

standard deviation = $\sqrt{variance }$

std of the six-bar box = $\sqrt{6*0.86^2}$ = 2.106

process mean = 6 * ( 1.03 * 28.33) = 175.079

the mean is not centered between the upper specification and the lower specification hence we will apply the formulae used in calculating the capability index for an uncentered process

Cpk = (upper value - process mean) / (3 * std of box),

= (187 - 175.079) / ( 3 * 2.106) = 11.921 / 6.318 = 1.89

Cpk = (process mean - lower value ) / (3*std of box)

= ( 175.079 - 153 ) / (3 * 2.106) = 22.079 / 6.318 = 3.49

The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( N0 )

c ) lowest setting

calculate the value of the mean using capability index of 1.33

Cpk = (upper value - mean ) / 3 * std

mean = 187 - 1.33 * 3 * 2.106

= 187 - 8.40 = 178.60 grams

Cpk = ( process mean - lower value ) / 3 * std

mean = 1.33 * 3 * 2.106 + 153

= 8.40 + 153 = 161.40 grams

the lowest setting in ounces

= 178.60 / ( 6 bar * 28 .33)

= 178.60 / 169.98 = 1.051 ounces

5 0

3 years ago

For use in a linear regression model, categorize which of the following variables should be represented as dummy variables and w

Novay_Z [31]

Answer:

DUMMY VARIABLES:

The items include;

Shoe color,

Number on an athlete's jersey,

Gender,

Ice cream flavor

QUANTITATIVE VARIABLES: Items include;

Time to run marathon,

Height,

Size of flat-screen television,

Hours spent studying core,

Calories in desserts.

Explanation:

Time to run a marathon, height, size of flat–screen television, hours spent studying core, and calories in desserts are quantitative variables.

Shoe color, number on an athlete’s jersey, gender, and ice cream flavor are categorical/qualitative variables and need to be transformed into dummy variables. Note that although athlete’s jerseys have numbers, those values cannot be interpreted as real numbers.

4 0

3 years ago