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Case Scenario
XYZ Publishing Company produces scientific books on various subjects. They need a database to maintain information about their authors, editors and books. The author information would include the name of the author, their phone# and email address, and the subject area that they specialize in. Each author only specializes in one subject. Those subjects may include Biology, Physics, Geology, etc. Each author may be working with more than one editor at any given in time. Each author may have written many books. The editor information would include the name of the editor, their phone# and email address, the books that they are editing, and the authors they are working with. Each editor may be working with more than one author at any given time. Each editor may be editing many books at any given time.
The book information would include the title of the book, ISBN number, and the subject area that the book covers. Each book has only one author but may have many editors. Some of the goals that XYZ wants to accomplish with their database include the following information:
Consider the Tragedy of the Commons game with two shepherds, A and B. LetsA and sB denote the number of sheep each shepherd grazes on the common pasture. Assume the benefit per sheep equals 300−sA −sB. Compute the flock sizes and shepherds’ total ben..
Explain how your business would likely be affected (at least in the short run) if the central bank of Mexico intervened in the foreign exchange market by exchanging Mexican pesos for dollars in the foreign exchange market.
Every day, workers in Oceania receive salary twice, once in the noon and once in the afternoon. Usually, the afternoon salary is dramatically higher than the noon one while the noon one is astonishingly higher than yesterday’s afternoon one. Please l..
What typically happens to the ‘real’ risk-free interest rate as the economy weakens, and what typically happens to it when it gets stronger? How would you explain these general tendencies?
Suppose that a country's inflation rate increases sharply. Which of the following statements are true? Wealth in savings accounts is not subject to a change in the inflation tax because the real interest rate will increase with the rise in inflation...
The producer in the perfectly competitive market above will pick a level of production such that:
Suppose that the money demand function is (M/P)d = 800 - 50r, where r is interest rate in percent. The money supply M is 2,000 and the price level P is fixed at 5. a. Graph the supply and demand for real money balances. b. What is equilibrium interes..
Coach Steroid likes his players to be big, fast, and obedient. If player A is better than player B in two of these three characteristics, then Coach Steroid prefers A to B, but if B is better than A in two of these three characteristics, then Steroid..
Illustrate what does GDP income leave out. Should a country meet additional quantifiable goals before being considered "developed".
Explain how the following events would affect the demand for labor. A new education program administered by the company increases labor's marginal product.
Illustrate the tourism industry in Florida prior to the spill and potential tourists, rightly or wrongly, fear polluted waters and ruined beaches from the spill, show the new lines and equilibrium points after the spill.
[1] In your own words explain to me what are the four perspectives on globalization and how they differ. [2] Sustainable development depends on the nurturing and strengthening the five key ‘capitals’ What are they and how do they differ from one anot..
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