1. (15) pts) You are in the market for a new refrigerator for your companys lounge. You have
narrowed the search down to 2 models. The energy efficient model sells for $700 and will save
you $45 at the end of each of the next 5 years in electricity costs.
1. (25 pts) The amount of fish caught per week on a trawler is a function of the crew size assigned
to operate the boat. Based on past data, the following production schedule was developed:
(Number of Men)
Amount of Fish
1. (10 pts) The Prizer Ice Cream Company has sales data for its ice cream products for 48 months
ending in June 2015. The results of a linear trend regression model using these 48 points are:
St = 30,464 + 121.3t
Where St = predicted monthly ice cream sal
1. (25 pts) A popular restaurant charges lower prices for alcoholic drinks in the late afternoon (46pm), but offers no such discounts at lunchtime or on weekends. What is different about
demand characteristics for the same product at the same location but
Homework - Topic 9 - ECO-103
Create a matrix that compares the 4 industry models of competition using the characteristics
# of firms?
Barriers to entry: high or low?
Homogenous or Differentiated product?
Shape of the dema
Non-Price Determinants of Supply.
Cost of Production
- Raw Materials
Number of Sellers
Non-Price Determinants of Demand
Price of Related Goods
Example: Price o
Twas a long summer day in Slanderville, Arizona. The sun bore down at the people with no
mercy. As usual, there aint much goin on in town. Everyone was just mindin their own bees
wax. The people of Slanderville were happy as they were, with little to call
The Boy Who Cried Wolf ( A Modern Adaption )
Nobody believes a liar.even when he is telling the truth! - Aesop
Slanderville, Arizona, a town situated in the barren expanses of the sonoran desert, was
home to some of the most pleasant people in all of Ariz
New Jersey Institute of Technology
The Falkland Islands War
June 26th, 2017
The Falklands War was a ten-week war between Argentina and Great Britain that focused on
the sovereignty of the Falklands Islands. The war