Identify two business situations

Assignment Help Business Economics
Reference no: EM131247471

Identify two business situations or problems within your current organization or industry. Articulate how one of these lends itself to a simple linear regression and how one does not. Why is simple linear regression appropriate to address one situation or problem but not the other? Support your ideas with evidence from the readings. For the education industry- Example that can be used Tryouts for sports- more try out than expected Drop out rates

Reference no: EM131247471

Questions Cloud

The elasticity of demand of texans for a car wash : You are the manager of a gas station in a small town in the United States, and your goal is to maximize profits. Based on your experience, the elasticity of demand of Texans for a car wash is –2, and that of non-Texans is –1.5. Your marginal cost is ..
Produces both dark chocolates as well as liquor chocolates : Choco Dream is a firm that produces both dark chocolates as well as liquor chocolates. During a given? month, the firm uses its resources to produce both varieties.? Initially, the firm produced? 5,000 bars of dark chocolates and?4,000 bars of liquor..
How the goods and services will be? produced : What goods and services will be? produced, how the goods and services will be? produced, and who will receive the goods and services are? determined:
Amendment protection than other types of speech : With annual sales of over $16.3 billion and annual profits of around $1.5 billion, Nike is one of the giants in the sports apparel business, and its trademark “Swoosh” logo is recognized around the world. However, for a company its size, Nike directl..
Identify two business situations : Identify two business situations or problems within your current organization or industry. Articulate how one of these lends itself to a simple linear regression and how one does not. Why is simple linear regression appropriate to address one situati..
Variety of regulations to address economic harm resulting : The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were ai..
Compute the eventual percent increase in the money supply : Assume that households and firms keep 10c in currency for every Dollar they deposit in banks and that banks keep 25c as reserves out of ever Dollar they receive as deposit. Compute the eventual percent increase in the money supply if the monetary bas..
A low rate initial production asset : A Low Rate Initial Production (LRIP) asset that will be initially used for the program`s operational test events but will also be fielded after the test events conclude:
Market equilibrium maximizes the total surplus in a market : Market equilibrium maximizes the total surplus in a market and therefore it is efficient. Market equilibrium guarantees that all mutually beneficial transactions take place. A maximum price below the market equilibrium price will lower the total surp..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Sensors based on capacitive sensing technology

Loadstar Sensors is a company that makes load force sensors based on capacitive sensing technology. The company wants to have $47 million for a plant expansion 6 years from now.

  Excise tax create large incidence of the tax on suppliers

Under what supply and demand conditions would an excise tax create a large incidence of the tax on suppliers and a small incidence of the tax on consumers? Explain how this works.

  Relative to the slope of the depreciation line

Consider the Golden Rule level of capital. Suppose a country found out that they are overcapitalized, that is their current steady-state capital stock per worker is greater than the Golden Rule level. What does that imply for their level of MPK relat..

  Derive the inverse supply curve.

Consider the market for an Italian cookbook. Demand for the Italian cookbook is equal to QD = 3500 – 50P1 – 200P2 Where P1 = price of the Italian cookbook and P2 = price of bottled olive oil The supply of the Italian cookbook is equal to QS = 150P1 -..

  The country is in a period of high unemployment

Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable le..

  Calculate the average cost minimizing activity output

Presto Products, Inc., recently introduced an innovative new frozen dessert maker with the following cost relations: TC = $100,000 - $1,500Q + $0.1Q2. Calculate the total cost minimizing activity output (Q). Calculate the average cost minimizing acti..

  Level of steady- state consumption per worker in alpha

The economy of Alpha can be decribed by the Solow growth model. The following are some characteristics of the Alpha economy: What is the steady-state growth rate of output per worker in Alpha? What is the steady- state growth rate of total output in ..

  Decrease consumer surplus and producer surplus

Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.

  Explain how much is the total tax revenue

The graph below shows the demand and supply curves of the market for gasoline as well as the wedge that the tax creates. Explain how much is the total tax revenue.

  Yielded zero units of additional satisfaction

Assume you just finished your third plateful of Thanks giving dinner also it yielded zero units of additional satisfaction.

  Plot the forecasts against the realizations are the forecas

Plot the forecasts against the realizations. Are the forecasts good?

  Suppose that the market for alcohol in large metropolitan

Suppose that the market for alcohol in a large metropolitan area, the local government is concerned about the number of DUI’s and has decided to impose a sin tax on alcohol sales. If demand in this market is inelastic and supply is elastic, what woul..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd