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# CH4 solutions

Course Number: MIS 4100, Spring 2011

College/University: Birmingham-Southern...

Word Count: 2145

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P4.4 Budget Constraints. Holding all else equal, indicate how each of the following changes would affect a budget constraint that limits consumption of goods (Y) and services (X). Explain your answer. A. Deflation that uniformly drops the price of all goods and services. B. Inflation that consistently increases the price of all goods and services. C. Technical change that reduces the price of goods, but...

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Birmingham-Southern College - MIS - 4100
6005 Homework Chapter 2P2.1Graphic AnalysisA. Given the output (Q) and price (P) data in the following table, calculate therelated total revenue (TR), marginal revenue (MR), and average revenue (AR)figures:(Cont Next Page)1QP0\$101928374
Birmingham-Southern College - MIS - 4100
Mgnt 6005 Homework Chptr 3P3.1Demand and Supply Curves. The following relations describe monthlydemand and supply conditions in the metropolitan area for recyclablealuminumQD= 317,500 - 10,000P(Demand)QS= 2,500 + 7,500P,(Supply)where Q is quant
Birmingham-Southern College - MIS - 4100
Mgnt 6005 Homework Chptr 4P4.4Indifference Curves. Suggest briefly whether each of the following statements aboutindifference curves that show preferences between goods and services is true or falseand defend your answer.A.Consumers prefer higher in
Birmingham-Southern College - MIS - 4100
Mgnt 6005 Homework Chptr 5P5.4Optimal Pricing. In an effort to reduce excess end-of-the-model-year inventory,Harrison Ford offered a 1% discount off the average price of 4WD Escape LimitedSUVs sold during the month of August. Customer response was wil
Birmingham-Southern College - MIS - 4100
Chptr 6 Homework AnswersP6.3Revenue vs. Profit Maximization. The Best Buy Company, Inc., is a leadingspecialty retailer of consumer electronics, personal computers, entertainmentsoftware and appliances. The Company operates retail stores and commercia
Birmingham-Southern College - MIS - 4100
MGNT 6005Chptr 7 Homework Problems and AnswersP7.1Constant Growth Model. The U.S. Bureau of the Census publishes employment statisticsand demand forecasts for various occupations.Employment(1,000)Occupation19982008Bill collectors311420Compute
Birmingham-Southern College - MIS - 4100
Assignment: 1Managerial Economics MGNT 6005Spring 2008Professor Juliet EluGroups Members:1. Verda Weekes2. Mohammad Aladalh3. Joel Njenga4. EL Drame
Birmingham-Southern College - MIS - 4100
Units of Food (Cups/day)12345678MURice Krispies17515012510075502525carbohydrates per cup255075100125150175200MU/2576543211Units of Food (Cups/day)12345678MUCottage cheese7266605448363018carbohydrates p
Birmingham-Southern College - MIS - 4100
Case Page 126Economist is the past used economic theory to explain consumer behavior in terms ofwhat effect will be created if consumer wealth increases or decreases. How their personalpreferences, spending and saving habit will all together change. By
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework # 1Chapter: 1Q1.3 Describe the effect of each of the following managerial decisions oreconomic influences on the value of the firm:A. The firm is required to install new equipment to reduce airpollution.If the firm
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework # 1Chapter: 1Q1.3 Describe the effect of each of the following managerial decisions oreconomic influences on the value of the firm:A. The firm is required to install new equipment to reduce airpollution.If the firm
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework # 1Chapter: 2P2.1 Graphic Analysis.A. Given the output (Q) and price (P) data in the following table,calculate the related total revenue (TR), marginal revenue (MR),and average revenue (AR) figures:Q0123456
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework - chapters 4&amp;5Managerial Economics 6005Professor Juliet EluChapters 4 &amp; 5 Assignmentand the case study of chapter 4Spring 2008Groups Members:Joel NjengaMohammad AladalhEL DrameVerda WeekesManagerial Economics
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework - chapters 4Chapter: 44.1 Marginal Utility.A. Complete the following table, which describes the demand for services:PriceUnits\$807570656055012345TotalUtility0100180240280300MarginalUtility-100
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework chapter 55.1 Market Demand.Michael Kelso, a Wisconsin-based management consultant, has been asked tocalculate and analyze market demand for a new video game that is to be marketed toretail (R) and wholesale (W) custo
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Professor Juliet EluChapter 8 AssignmentSpring 2008Groups Members:Mohammad AladalhJoel NjengaVerda WeekesEL DrameChapter 8 Problems: MGNT 6008, Prof. J. Elu, Spring 2008.Group Members: Mohammed Aladalh, El Drame, Verda W
Birmingham-Southern College - MIS - 4100
Chapter 8P 8.1 Marginal Rate of technical SubstitutionThe following production table provides estimates of the maximum amounts of outputpossible with different combinations of two input factors, X, and Y. (Assume thatthese are just illustrative points
Birmingham-Southern College - MIS - 4100
Chapter 9Questions:Q9.1The relevant cost for most managerial decisions is the current cost of an input. Therelevant cost for computing income for taxes and stockholder reporting is thehistorical cost. What advantages or disadvantages do you see in us
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Professor Juliet EluChapter 9 AssignmentSpring 2008Groups Members:Mohammad AladalhJoel NjengaVerda WeekesEL DrameChapter 9 Problems: MGNT 6008, Prof. J. Elu, spring 2008.Group Members: Mohammed Aladalh, El Drame, Verda W
Birmingham-Southern College - MIS - 4100
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework - chapters 4&amp;5Chapter: 44.1 Marginal Utility.A. complete the following table, which describes the demand for services:PriceUnits\$807570656055012345TotalUtility0100180240280300MarginalUtility-1
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework - chapters 4&amp;55.1 Market Demand.Michael Kelso, a Wisconsin-based management consultant, has been asked tocalculate and analyze market demand for a new video game that is to be marketed toretail (R) and wholesale (W)
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Homework - chapters 4&amp;55.1 Market Demand.Michael Kelso, a Wisconsin-based management consultant, has been asked tocalculate and analyze market demand for a new video game that is to be marketed toretail (R) and wholesale (W)
Birmingham-Southern College - MIS - 4100
priceUnits\$807570656055012345Total Utility Marginal UtilityPrice/Marginal Utility0100180240280300PriceRetail DemandWholesale Demand Total Revenue Cost Total ProfitMarket DemandTotal\$65\$60\$55\$50\$45\$40\$35
Birmingham-Southern College - MIS - 4100
MGNT 6005-Managerial EconomicsProfessor J. Elu,Group Members:Joel Njenga,Mohammad AladalhEl DrameVerda Weekes,Case Analysis: Estimating the cost of Nursing Care forRegional HospitalsOverview:For many years, cost estimation and containment has be
Birmingham-Southern College - MIS - 4100
Mohammad Yahya AladalhManagement 6005 Mohammad Yahya AladalhTake-home Quiz 6 Honor code applies: Do not talk to your classmates1. Evaluate each of the following statements:a. In a multiple regression model, the coefficients on theexplanatory variable
Birmingham-Southern College - MIS - 4100
Q012345678910P\$109876543210TR091621242524.1211690MR-97531-1-3-5-7-9AR-9876543210TR302520151050024681012Q012345678910P\$1601501401301201101009080TR\$0150280390
Birmingham-Southern College - MIS - 4100
Managerial Economics - SPSUTake-home Examination 2, spring 2008HONOR CODE APPLIES-DO NOT TALK TO YOUR CLASSMATESSECTION I1.For each of the following situations, determine whether the manager is concerned with ashort run or long run production decisi
Birmingham-Southern College - MIS - 4100
Mohammad Yahya AladalhManagement 6005 Mohammad Yahya AladalhTake-home Quiz 5 Honor code applies: Do not talk to your classmates1. Briefly explain the meaning of R2, tstat, and Fstat? A time series analysis of demandtends to result to a higher R2 than
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Chapter 3 HomeworkManagerial Economics 6005Professor Juliet EluAssignment 2 chapter 3Spring 2008Groups Members:Mohammad AladalhJoel NjengaVerda WeekesEL DrameManagerial Economics 6005Chapter 3 HomeworkChapter: 3Q3.4
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Chapter 3 HomeworkChapter: 3P3.1 Demand and supply curves. The following relations describe monthly demandand supply conditions in the metropolitan area for recyclable aluminum:Qd = 317,500 - 10,000p (demand)Qs = 2,500 + 7,5
Birmingham-Southern College - MIS - 4100
MGNT 6005-Managerial EconomicsProfessor J. Elu,Group Members:Verda Weekes, Joel Njenga,Mohammad Aladalh and El DrameCase Analysis: Why Tracking Consumer demand is sotough.Case: Why is Tracking consumer demand so tough?Overview:Economists in the
Birmingham-Southern College - MIS - 4100
Managerial Economics 6005Chapter 4 &amp; 5 HomeworkChapter 44.1 The utility derived from consumption is intangible and unobservable. Therefore,the utility concept has no practical value. Discuss this statement.The utility concept is a descriptive concept
Birmingham-Southern College - MIS - 4100
MGNT 6005-Managerial EconomicsProfessor J. Elu,Group Members:Joel Njenga,Mohammad Aladalh andEl DrameVerda Weekes,Case Analysis: Estimating the Costs of NursingCare for Regional HospitalCase: Estimating the Costs of Nursing Care for Regional Hosp
Birmingham-Southern College - MIS - 4100
Quiz-81) Monopoly is considered to be inefficient from social point of view, because ofmonopoly underproduction, where firms have incentives to restrict output so as to createscarcity and earn economic profit gives rise to dead weight loss. In addition
Birmingham-Southern College - MIS - 4100
MGNT 6005-Managerial EconomicsProfessor J. Elu,Group Members:Joel Njenga,Mohammad Aladalh andEl DrameVerda Weekes,Case Analysis: Estimating the Costs of NursingCare for Regional HospitalCase: Estimating the Costs of Nursing Care for Regional Hosp
Birmingham-Southern College - MIS - 4100
Take-home Quiz 7HONOR CODE APPLIES DO NOT TALK TO YOUR CLASSMATESManagerial Economics - Spring 08Due Date: 4/19/081.Suppose that grocery stores and gasoline stations in a large city wouldappear to be examples of competitive markets: There are numero
Birmingham-Southern College - MIS - 4100
Birmingham-Southern College - MIS - 4100
XManagerial Economics MGNT 6005Quiz 3, spring 2008Honor Code Applies Do not talk to your classmates1. Suppose Bill is on low carbohydrate diet. He can only consume three foods: RiceKrispies, cottage cheese, and popcorn. The marginal utilities for each
Birmingham-Southern College - MIS - 4100
Take-home Quiz 4Managerial Economics MGNT 6005Honor Code Applies1.The estimated market demand for good X isQd = 70 -3.5P 0.6 I + 4PRWhere Qd is the estimated number of units of good X demanded, P is the price of the good, I isincome, PR is price of
Birmingham-Southern College - MIS - 4100
Take-home Quiz 8HONOR CODE APPLIES DO NOT TALK TO YOUR CLASSMATESManagerial Economics - Spring 08Due Date: 4/19/081. Explain why monopoly is considered to be inefficient from societal point ofview. Using some specific examples, explain the difference
Birmingham-Southern College - MIS - 4100
MGNT 6005-Managerial EconomicsProfessor J. EluCase Analysis: Effect of Research and Development onTobins QGroup Members:Joel Njenga,Mohammad AladalhVerda WeekesEL DrameOverview:According to the article1, James Tobin, a Nobel Laureate pioneered t
Birmingham-Southern College - ACCOUNTING - 6000
Absorption Costing TermsD R. D ONAL D L . A RI A I L, C PA 2009WA RE H O U S ESelling ExpenseInventory SoldPLAN TO F FIC ER AW M AT E RIA L SINV E N T O RYF INIS HE D GO OD SINV E N T O RYManufacturing CostsInventoriable CostsNon-manufacturi
Birmingham-Southern College - ACCOUNTING - 6000
Southern Polytechnic State UniversityManagerial Accounting 6000Spring 2011(Subject to Change)Course: ACCT 6000-001CRN: 3078Instructor:Dr. Donald L. Ariail, CPA, CFF, CVA(678)915-7387e-mail: dariail@spsu.eduBest contact method is though class sit
Birmingham-Southern College - ACCOUNTING - 6000
ACCT 6000 001 Managerial AccountingSPRING 2011HOMEWORK ASSIGNMENTS &amp; EXAM DATESDr. Donald L. Ariail CPA, CFF, CVAhttp:/mh10.brownstone.net/classes/ACCT6000-SEC001/ClassDateChapterQuiz &amp;ReadingHW Assig Est. HW Due&amp; HWMins. Dates *Points11:59
Birmingham-Southern College - ACCOUNTING - 6000
ACCOUNTING 6000 SUPPLEMENTAL MATERIALNORMAL BALANCESASSETS Normal Balance DEBITIncreased with a DebitDecreased with a CreditLIABILITIES Normal Balance CREDITIncreased with a CreditDecreased with a DebitOWNERS EQUITY Normal Balance CREDITIncreased
Birmingham-Southern College - ACCOUNTING - 6000
Costly Reflections in a Midas MirrorReading Schedule, Spring 201120 Point Quizzes must be taken by thefollowing deadline dates - Note, thatthese quizzes are open to take as ofthe first day of classQuizAssignmentsDeadlines11:59 PMPointsQuiz 1Ch
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 1Systems Analysis and Design1-1Chapter 1True-False1.Information -along with financial, material and human resources -is now regarded as a keyresource in many organizations. T (p. 1)2.A management information system departs from the trad
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 2Systems Analysis and Design2-1Chapter 2True-False1.Subsystems are composed of systems. F (p. 28)2.Systems and subsystems are interrelated and interdependent. T (p. 28)3.The interface between a system and its environment is known as t
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 3Systems Analysis and Design3-1Chapter 3True-False1.2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.17.18.19.20.21.22.23.24.25.26.27.28.29.30.31.32.Feedback gives information about the gap between actual and intended perf
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 4Systems Analysis and Design4-1Chapter 4True-False1.In an interview, opinions may be more important and more revealing than facts. T (p. 110)2.The interview is a valuable time to explore key human-computer interaction concerns.T (p. 110
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 5Systems Analysis and Design5-1Chapter 5True-False1.Sampling helps accelerate the process by gathering selected data rather than all data for theentire population. T (p. 143)2.Data -gathering bias can be reduced by sampling. T (p. 144)
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 6Systems Analysis and Design6-1Chapter 6True-False1.Prototyping is best applied late in the systems development life cycle. F (p. 171)2.Prototyping is very useful for eliciting user suggestions about changing the prototyped system.T (p.
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 7Systems Analysis and Design7-1Chapter 7True-False1.The data flow diagram graphically characterizes data processes and flows in a businesssystem. T (p. 217)2.The biggest advantage of the data flow approach lies in the conceptual freedom
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 8Systems Analysis and Design8-1Chapter 8True-False1.The data dictionary is a reference work of data about data. T (p. 267)2.Data about data is called metadata. T (p. 267)3.The data dictionary can be used as a starting point for creati
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 9Systems Analysis and Design9-1Chapter 9True-False1.Process specifications show the decision-making logic and formulas necessary to transformprocess input data into output. T (p. 306)2.While process specifications produce a precise desc
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 10Systems Analysis and Design10-1Chapter 10True-False1.Once systems analysts, users, and management have a grasp of what kinds of tasks must beaccomplished, hardware options can be considered. T (p. 340)2.Analysts need to oversee the ev
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 11Systems Analysis and Design11-1Chapter 11True-False1.Users often judge the merit of the system solely by its output. T (p. 379)2.If possible, a report should be made available to users when it is technologically possible to doso. F (p
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 12Systems Analysis and Design12-1Chapter 12True-False1.Simplicity refers to keeping forms and screens purposely cluttered in a manner that focuses theuser's attention. F (p. 433)2.Forms should flow from left to right and top to bottom.
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 13Systems Analysis and Design13-1Chapter 13True-False1.Conventional files can be designed and built quite rapidly (compared to a database), and theconcerns for data availability and security are minimized by using them. T (p. 479)2.The
Birmingham-Southern College - ACCOUNTING - 6000
Chapter 14Systems Analysis and Design14-1Chapter 14True-False1.The overarching goal of humancomputer interaction is to achieve efficiency. F (p. 533)2.It is important that the fit among the user, computer, and task all correspond. T (p. 534)3.Be