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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?
In the Soviet Union, especially in the early decades under Lenin and Stalin, the official doctrine was Communism, and the use of incentives was considered a form of treason. One important exception was the military equipment sector, where bonuses wer..
The Board of Schmeckt Gut (energy bar product) wants to convince the Government of Industria that a Free Trade Agreement with Atollia would be beneficial for Industria’s economy. If we assume that a free trade agreement with Atollia would indeed incr..
Based on what you have learned about the relationship between TR and elasticity of demand, explain how an airline might take advantage of this information in order to maximize its profits? (Tip: How does an airline company separate the market of cons..
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
A tax placed on buyers of airline tickets shifts the
In January, root beer and orange soda each cost $1 a bottle. Judith's income is $20. She buys 5 root beers and 15 orange sodas. In February, the price of root beer falls to 50 cents, the price of orange soda increases to $2 and Judith's income remain..
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
A farmer has 120 acres on which to plan wheat or corn. Each acre of wheat requires $20 capital and 2 hours of labor. Each acre of corn requires $35 capital and 6 hours of labor. Labor costs are $8 per hour. The farmer has $2000 available for capital ..
Joel Klippert says he pays himself last, after he pays his vendors and employees. Explain this decision in terms of the principle of business profit. Do you agree with his payment priorities?
Show a model with a highly inelastic Supply Curve (such as rental units in New York City). Show the effects of a price ceiling on this market. Show: Note any deadweight loss due to the price ceiling. Is it more or less than the standard model?
Illustrate what is happening to the housing market in your area. Are you still seeing alot of forclosed homes?Can you describe the housing demand and supply factors.
What was the official name of the U.S. military operation that defeated Saddam Hussein's invasion of Kuwait? Explain the difference in message between Martin Luther King Jr. and Malcolm X? What was "Domino Theory"? What was the purpose of the SEC (S..
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