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Use a three-year weighted moving average to forecast demand in the year 2007. The actual demand for the most recent year, 2006, is 45,000. Actual demands for the years 2005 and 2004 are 53,000 and 49,000, respectively. Suppose the years 2005 and 2004 are weighted equally, while the year 2006 is weighted twice as much as the year 2005. What is the forecasted demand for the year 2007?
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
A nation can achieve higher economic growth if:
On average your client recieves 1%in annual simple interest in the foreign country. Explain to the client how the move would benefit savings.
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
An engineer is considering the purchase of a copy machine for his/her consulting office. The copy machine will cost $2,000 and have a resale value of $400 at the end of its 5-year life. Having the machine in the office will reduce copy costs by $1,00..
As an intern software developer for a retail bank, you have been tasked with developing use cases to support the ATM service.
Lockheed Martin is increasing its booster thrust power in order to win more satellite launch contracts from European companies interested in new global communications markets. A piece of earth-based tracking equipment is expected to require an invest..
A monopolist has total cost TC = 200 + .5 Q2. Marginal cost is Q and the market demand is Q = 100 - P/2. Draw a graph showing ATC, MgC, Demand, Mg Revenue and the optimal choice of the monopolist. What is consumer and producer surplus in this market?..
Firms A and B make up a cartel that monopolizes the market for a scarce natural resource. The firms’ marginal costs are MCa = 6+2Qa and MCb = 18+Qb respectively. The firms seek to maximize the cartel’s total profit. The firms have decided to limit th..
What is the equilibrium price of honey? How much profit does an individual producer make in a month?
Which of the following is true regarding the federal appellate court system's use of ADR?
In her economics course, Nancy has two exams. Her overall score for the course will be the maximum of her scores on the two exams. Nancy decides to spend a total of 400 minutes studying for these exams. Find the point on Nancy’s budget line that give..
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