Consider the Labor Economics Question. This will provide insight into the idea of the optimal
number of workers and the value of the marginal product of labor.
If wages in the restaurant is $9.00 per hour and the price of a Hamburger
Question #1 (One Plant/Two MarketsPrice Discrimination)
RussCo manufactures a proprietary pesticide that can be sold directly to retail outlets or to a wholesale firm for
further processing and eventual sale as a completely different
1what are the four conditions required for a market to be competitive?
a. There must be many firms in the market.
b. The firms must be able to enter and exit easily.
c. Each firm produces and sells a homogenous product.
d. All firms a
Consider the cost function for RussCo to produce its new Game System. Using that cost function for the
Game System, determine the profit-maximizing output and price for the RussCo Game System, and
discuss its long-run implications, un
The cost of foreclosure on local economies is high whether financial or non-financial.
The mortgage crisis that began in 2007 has had significant impact to the local
real estate markets across the country. The foreclosure
1. Use descriptive statistics to summarize the data and comment on your findings.
The descriptive statistics analyzed 90 business students for this years graduating class
in regards to chea
Summarizing Qualitative Data
Summarizing Quantitative Data
Exploratory Data Analysis
Crosstabulations and Scatter
1. Learn how to construct and interpret summarization
procedures for qualitative data
Why Study Statistics?
Understanding the data.
Where to find data.
1. Obtain an appreciation for the breadth of statistical applications in
business and economics.
2. Understand the mean
The text for the class is Essentials of Statistics for Business and Economics 6th edition, by Anderson, Sweeney, and Williams, Thomson/South-Western 2009 (printed in 2011). ISBN 0-538-75458-3 This book can purchased at the UWW Bookstore:
BUILDING EFFECTIVE ORGANIZATIONS Professor: Jeff Vanevenhoven, Ph.D. Office: Hyland Hall 4511 Office Hours: by appointment I will be in the office often during our course Office Phone: (262) 472-5465 Cell Phone: (414) 915-2911 Email : [email protected] Dir