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Suppose that the actual demand in period 1 was 10 units and the actual demand in period 2 was 9 units. Assume that the forecast for period 1 was for 8 units. If the firm uses exponential smoothing with an alpha value of .1, what should be the forecast for period 3? (Round answers to two decimal places.)
For theEssay, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course.
Illustrate what is the effective rate of protection for sneakers.
Write a 2-page essay that compares and contrasts the Scrum Model of software development with the Unified Process model. Give a brief overview of both models and if there are multiple views of a model, make sure you indicate your source if the vie..
lean's deluxe garment bag sales increased from, 4,800 units to 6,000 units in response to price drop from $30/unit to $20/unit. Calculate arc price elasticity of this product using mid-point formula.
If a representative firm with total cost given by TC = 20 + 20q + 5q 2 operate in a competitive industry where the short-run market demand and supply curves are given by QD = 1,400 - 40P and QS = - 400 + 20P, its short-run profit-maximizing level of ..
Gene has the following utility function: U = XY + 2Y, the Px = $4, the Py = $1 and I=$6. Is the MRSx,y increasing, decreasing, or constant with respect to X? What is the slope of the budget constraint? Find the optimal X and Y.
Bryson R. Tin foot IV wants to endow a position in perpetuity for a chaired professor at Misstate University.
If the current minimum wage is $7.50 an hour, there are 10 million workers who earn the minimum wage, and the elasticity of demand for low skilled labor is -0.2.
Dividend Problem: For the questions below, assume that the asset in question is a bond with a two year maturity which will pay $100 at the end of the first year and $100 at the end of the second year. Calculate your answers to the nearest cent. Calcu..
A firm currently uses 100 workers to produce 200 units of output per day. The daily wage (per worker) is $80, and the price of the firm's output is $50. The cost of other variable inputs is $600 per day. The firm’s fixed cost is 8,000. The marginal c..
If the reserve ratio is 10 percent and a bank receives a new deposit of $800, which of the following will this bank most likely to do?
And in this market there are two firms with MC=AV= $10. Perfect competition price, quantity, and consumer surplus?
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