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Discuss the key differences in data modeling between a data mart and a data warehouse. Why would your organization choose to use a data mart versus a data warehouse? What benefits would it gain from its choice, and what limitations would it encounter from that choice?
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $75,000 and her store made $130,000 in profits. Assuming the change in compensation is the reason for the..
Beth and Bob Salerno are looking at refinancing their home loan of $250,000 and have been quoted 3.75% NAR for a 30 year loan compounded monthly. What will be the remaining balance after 10 years of payments? What will be the monthly payment (assume ..
State C is a WTO member state and a party to NAFTA. It has made no specific agreements under either GATS or NAFTA as to its road transport sector. Now, two freight companies, one from State D (a WTO member state) and one from State E (a party to both..
Suppose that inverse demand is given by p(Q) = a-bQ, where Q is total quantity supplied in the market. There are two firms in the market, each with a cost function of c(q) = cq. What is the profit function of each firm? Compare the output and price t..
If the price of a product decreases, we would expect: "Price" in the statement of the Law of Supply refers to: A decrease in demand and an increase in supply will: When producers (say, of roads) are not able to make all consumers pay for enjoying the..
Consider an individual with the following utility function: U(r, y) = ln(r+ 1) + y. The marginal utility of r is 1/(1 + r); the marginal utility of y is 1. Find the marginal rate of substitution of y for r. Is there anything unusual about the MRSyr? ..
You have received an order for 300 specially made items. On similar type items the improvement rate was 20%. The number of labor hours to produce the first unit was 14 hours, T1 (labor) = 14 hrs. Assume no learning for direct materials i.e T1 (materi..
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
Which of the following is true concerning production in a free market economy? Which of the following represents how private property rights act as incentives in a free market economy?
Most hospitals in Great Britain are owned by the government (part of the British National Health Service), and the doctors who work in them are employees of the hospital. In what ways do you think their behavior would differ from comparable doctors (..
The law of diminishing returns applies to which of the subsequent segments of the marginal product of labour curve.
q1. for each of the determinants of demand in equation identify an example illustrating the effect on the demand for
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