Eco 372 week 1 DQ
Briefly, point out the faulty reasoning in each of the following situations:
You win a free, nontransferable ticket to a Sheryl Crow concert. Since the ticket is free and it will therefore cost you nothing to go, you decide to go to the concert. What will be your response if only ticket is included? Please provide justification with correlation to economic concepts you have studied. How will your answer change if everything including gas, food and baby sitter charges are also paid?
You paid nonrefundable tuition of $3,000 to take a 15-week course. Therefore, the opportunity cost of attending class each week is $3,000 divided by 15, or $200.
You like to avoid costs; every decision involves opportunity cost. So you don’t make decisions.
You have purchased 5 premium apples for $1.99 a pound, but when you get home, you discover they are mushy. Since you paid top dollar for these apples, you decide you have to eat them.
Please read the following passage and answer the questions:
Peak-hour traffic jams have become so horrific, some governments are beginning to look at a market solution to the problem. This is what economists call a tragedy-of-the-commons problem.
In Southern California, drivers are being charged premiums to travel in underused car pool lanes.
Singapore, Norway, and France are managing traffic with various tolls.
Peak surcharges are being studied for roads and bridges around New York, San Francisco, Los Angeles, and other cities.
Congestion pricing, as this traffic-control strategy is called, isn’t that radical. Peak prices are used to ration such things as Super Bowl tickets, opening night at the opera or a rock concert, airline tickets at Thanksgiving, and hotel rooms in Cancun. Why not roads?
Tollbooths would be required – millions of them. Besides their costs, they would slow up traffic even more.
In every public poll taken, responders hate the idea. “Lexus lanes” would accommodate the well-heeled while Joe Sixpack couldn’t afford it. The biggest fans of congestion pricing concede it could worsen inequality and “destroy what Joan Didion called America’s only community – the free road may be the last thing that rich and poor share equally.”
Varying tolls may not reduce congestion. Maine Turnpike officials found that knocking off as much as $1.60 off the Saturday morning tolls didn’t clear the Friday night backup.
But there is another side to the story.
With new technology, road authorities can now hand out credit-card-size transponders that could be mounted on dashboards, and pay tolls to overhead computers as they whiz by. No delays for toll booths.
A ten-mile stretch of privately-owned highway in Orange County, California, has been a great success. Studies have shown that by removing themselves from the freeway, the tollpayers are making the non-tollpayers’ commutes faster too.
Who knows? This may be one of those invisible-hand deals that benefits all – faster commutes all round, cleaner air, financial reward for road investors, and savings for taxpayers.
Sources: Kim Clark, “How to Make Traffic Jams a Thing of the Past,” Fortune, March 31, 1997, p. 34, and “The Road Less Traveled Is Private and Expensive,” Los Angeles Times, August 16, 2002.
Questions:
1. Is the problem here one of supply, or demand, or both?
2. Is this a shift-factor problem or a quantity-supplied or quantity-demanded problem?
3. Do you agree that market-based pricing equilibrium would make everyone happy?
4. How would you graph this?
5. Does the article imply a consumer surplus or a producer surplus without tolls?
Some have claimed that due to the deep recession of 2008 – 2009, Keynesian economics is making a comeback. Do you think this true? Why do you think this is?
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Prepare a one page explanation of what this Forecast vs Actual
/in Uncategorized /by JosephPrepare a one page explanation of what this Forecast vs Actual is telling you. Why did you almost hit your forecast on dead center? Why did you miss it by a mile? What do you need to do going forward when you make future forecasts. I do not need Sources.
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The process of identifying, measuring, and communicating economic
/in Uncategorized /by Joseph1. The process of identifying, measuring, and communicating economic in- formation about an organization for the purpose of making decisions or informed judgments.
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Compare and contrast natural versus anthropogenic climate changes.
/in Uncategorized /by JosephAmong the most controversial topics in physical science, global warming has received a great deal of attention during the past decade. Given its great impact on both humans and the environment, lawmakers and scientists must heavily weigh the information that they are presented. Explore this debate in more detail by evaluating both the scientific basis of this phenomenon and the human role in global warming.
Write a three to five (3-5) page paper in which you:
Compare and contrast natural versus anthropogenic climate changes. Include at least two (2) specific examples of each.
Take a position as to whether or not global warming is taking place. Provide three (3) lines of evidence to support your position.
Assess two (2) current mitigation strategies for global warming, such as carbon sequestration, carbon taxing, clean coal technology, higher fuel efficiency standards, and so on. Analyze the effectiveness of this mitigation strategy, as well as its potential costs and policy implications.
Speculate on the policy changes that you would propose to help stabilize global climate and determine the business sectors or nations that would be held to more strict standards if you were to implement your proposed policies.
Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your report must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Apply concepts in physical sciences to evaluate current trends and issues in the modern world.
Describe the physical processes influencing climate and weather.
Use technology and information resources to research issues in physical sciences.
Write clearly and concisely about physical sciences using proper writing mechanics.
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What are the issues involved in resolving legal disputes in international transactions?
/in Uncategorized /by JosephWrite a 350-word summary. In your paper, answer the following questions: What are the issues involved in resolving legal disputes in international transactions? What are some practical considerations of taking legal action against a foreign business partner based in another country? What factors could work against CadMex’s decision to grant sublicensing agreements? When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why. How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently?
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Describe how you would do this with a secret sharing scheme.
/in Uncategorized /by JosephA military base consists of one general, two colonels, and five clerks. They have charge of a missile, but do not want the missile launched unless: (i) the general decides to launch it, or (ii) the two colonels decide to launch it, or (iii) the five clerks to launch it, or (iv) one colonel and three clerks to launch it. Describe how you would do this with a secret sharing scheme.
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Compare the valuation analyses in Case Exhibits 6 and 7. Why are they different?
/in Uncategorized /by Josephhi i have a business case paper one page single space. We have three people in the same class so u need to write THREE PAPERS WITH THE SAME CASE like THREE DIFFERENT persons. can u FINISH it before this thursday?
Each case write-up can be no longer than one page (single-spaced 12-point Times New Roman and one inch margins.
Focus Questions: 1. What were the possible synergies and forces propelling the merger between P&G and Gillette? 10 2. Compare the valuation analyses in Case Exhibits 6 and 7. Why are they different? Can you support and defend the validity of using each valuation method? Conduct your own research if needed. 3. Was James Kilts compensation reasonable? Was the $90million fee paid to investment bankers reasonable? 4. How did international federal and state regulators influence the acquisition process? Do you think the involvement of regulators justified?
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identify the one primary strength weakness opportunity threat and trend and include it in your table.
/in Uncategorized /by JosephBusiness Model and Strategic Plan.doc
use the file that I attached to answer the questing at hand
Conductan internal and external environmental analysis and a supply chain analysis for your proposed new division and its business model.
Createa SWOTT table summarizing your findings. Your environmental analysis should consider at a minimum the following factors. For each factor identify the one primary strength weakness opportunity threat and trend and include it in your table.
Writea synopsis of no more than 1050 words in which you analyze relevant forces and trends from the list above. Your analysis must include the following:
Formatyour paper consistent with APA guidelines.
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What were the limitations/flaws of the study?
/in Uncategorized /by JosephYou will be critiquing the article in two pages, doubled spaced (12 point Times New Roman font, 1 inch margins). Start by putting the reference at the top of the page in APA format.Then you should address the following: 1. In less than a paragraph, what were the major findings? 2. What were the limitations/flaws of the study? Were there any limitations that the authors didn’t mention? 3. How could this study have been better? For example, should they have used different participants? Should they have used a different research design? 4. Is this study generalizable to others? Why or why not? Is it only generalizable to certain populations? 5. What questions do you still have about this topic after reading this article again? Is there anything that is left unclear by the authors? Link to article: https://canton.open.suny.edu/bbcswebdav/pid-1155214-dt-content-rid-3567681_1/courses/201512-CAN-PSYC-225-60028/Schiffrin%20et%20al.%202014%281%29.pdf
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Point out the faulty reasoning in each of the following situations
/in Uncategorized /by JosephEco 372 week 1 DQ
Briefly, point out the faulty reasoning in each of the following situations:
You win a free, nontransferable ticket to a Sheryl Crow concert. Since the ticket is free and it will therefore cost you nothing to go, you decide to go to the concert. What will be your response if only ticket is included? Please provide justification with correlation to economic concepts you have studied. How will your answer change if everything including gas, food and baby sitter charges are also paid?
You paid nonrefundable tuition of $3,000 to take a 15-week course. Therefore, the opportunity cost of attending class each week is $3,000 divided by 15, or $200.
You like to avoid costs; every decision involves opportunity cost. So you don’t make decisions.
You have purchased 5 premium apples for $1.99 a pound, but when you get home, you discover they are mushy. Since you paid top dollar for these apples, you decide you have to eat them.
Please read the following passage and answer the questions:
Peak-hour traffic jams have become so horrific, some governments are beginning to look at a market solution to the problem. This is what economists call a tragedy-of-the-commons problem.
In Southern California, drivers are being charged premiums to travel in underused car pool lanes.
Singapore, Norway, and France are managing traffic with various tolls.
Peak surcharges are being studied for roads and bridges around New York, San Francisco, Los Angeles, and other cities.
Congestion pricing, as this traffic-control strategy is called, isn’t that radical. Peak prices are used to ration such things as Super Bowl tickets, opening night at the opera or a rock concert, airline tickets at Thanksgiving, and hotel rooms in Cancun. Why not roads?
Tollbooths would be required – millions of them. Besides their costs, they would slow up traffic even more.
In every public poll taken, responders hate the idea. “Lexus lanes” would accommodate the well-heeled while Joe Sixpack couldn’t afford it. The biggest fans of congestion pricing concede it could worsen inequality and “destroy what Joan Didion called America’s only community – the free road may be the last thing that rich and poor share equally.”
Varying tolls may not reduce congestion. Maine Turnpike officials found that knocking off as much as $1.60 off the Saturday morning tolls didn’t clear the Friday night backup.
But there is another side to the story.
With new technology, road authorities can now hand out credit-card-size transponders that could be mounted on dashboards, and pay tolls to overhead computers as they whiz by. No delays for toll booths.
A ten-mile stretch of privately-owned highway in Orange County, California, has been a great success. Studies have shown that by removing themselves from the freeway, the tollpayers are making the non-tollpayers’ commutes faster too.
Who knows? This may be one of those invisible-hand deals that benefits all – faster commutes all round, cleaner air, financial reward for road investors, and savings for taxpayers.
Sources: Kim Clark, “How to Make Traffic Jams a Thing of the Past,” Fortune, March 31, 1997, p. 34, and “The Road Less Traveled Is Private and Expensive,” Los Angeles Times, August 16, 2002.
Questions:
1. Is the problem here one of supply, or demand, or both?
2. Is this a shift-factor problem or a quantity-supplied or quantity-demanded problem?
3. Do you agree that market-based pricing equilibrium would make everyone happy?
4. How would you graph this?
5. Does the article imply a consumer surplus or a producer surplus without tolls?
Some have claimed that due to the deep recession of 2008 – 2009, Keynesian economics is making a comeback. Do you think this true? Why do you think this is?
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Determine the power output of the turbine.
/in Uncategorized /by JosephA turbine, operating under steady-flow conditions, receives 5000 kg of steam per hour. The steam enters the turbine at a velocity of 3000 m/min, an elevation of 5 m and a specific enthalpy of 2787 kJ/kg. It leaves the turbine at a velocity of 6000 m/min, an elevation of 1 m and a specific enthalpy of 2259 kJ/kg. Heat losses from the turbine to the surroundings amount to 16736 kJ/h.
Determine the power output of the turbine.
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