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Managerial Economics and Globalization
1. Using Excel or other calculation software, input the data you collected in criterion one to calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination, indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
2. Test the statistical significance of the variables and the regression equation, indicating how it will impact your decision to open the pizza business.
3. Test the statistical significance of the variables and the regression equation, indicating how it will impact your decision to open the pizza business.
4. Forecast the demand for pizza in your community for the next four months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
What are the two primary factors that influence a firm manager's choice between a labor-intensive and a capital-intensive method of production? How does each factor influence the manager's choice.
Discuss the following three cost functions, and discuss what the economist intends to teach you about cost using these cost functions:
Matt Reiss have the Fredonia Barber Shop. He employs 5-barbers and pays each a base rate of $1,000 every month. One of the barbers serves as manager and receives an extra $500 every month.
Prepare a presentation on united postal services on social cost and benefits.
Explain why an investor is usually better off if she holds a diversified portfolio rather than investing all her resources in the stock of one company.
It also requires a relatively large lab for conducting tests of various types (e.g., MRIs, blood tests, and ultrasound tests). Do you think that Boswell is more likely to outsource its janitorial services or lab work? Explain.
Unfortunately, they are back-ordered, and so the company will not be able to obtain additional capacity in the near future. According to economic theory, what is the optimal transfer price for a round trip to Chicago? Explain why.
Why do you think RCIPA serves as an intermediary between BCBS and the doctors who care for BCBS's clients? Why would BCBS risk paying "too much" for the medical care of their customers?
Discuss the moral and economic implication involved in the movement
The implication is that transferring the formal political and economic rules of successful Western market economies to third-world and Eastern European economies is not a sufficient condition for good economic performance. Privati-z..
In building the aggregate expenditures model, Keynes believed that A. economies are normally at full employment and thus frequently susceptible to bouts of inflation. B. massive unemployment of labor and capital created conditions where sudden demand..
What is the present value of the return at 3% and what is the present cost of the machine if the interest rate is 3%?
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