Derive the optimal visits to Bank if the inconvenience cost is $10 per visit. The real interest rate is 5%. The current price level is P=100 and the expected future price level is 110. The consumer has a transaction demand of $10,000 over the period. Show the equilibrium in a diagram as well.
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- Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where X=timeperiod(months);January2002=0 N=monthlybedneeds Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years: Forecast Metropolitans bed demand for January, April, July, November, and December 2007. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+4X where N=monthlydemandforbagsofpottingsoil X=timeperiodsinmonths(March2006=0) Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years: Forecast Bell Greenhouses demand for potting soil in March, June, August, and December 2007. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast.10:03 A docs.google.com An activity has an optimistic time of 15 days, a most likely time of 18 days, and a pessimistic time of 27 days, what is its expected time? * 60 19 20 18 The demand for an item is 200$ per year. The order cost is 10 $ and inventory holding cost is 2.5 per item per year. If the shortages cost is 4$ per item per year. EOQ=50.99 Maximum inventory 31.37 The annual cost = 54.21 Not of above. EOQ=5.99 Maximum inventory = 3.37 The annual cost = 5.21 EOQ=75.99 Maximum inventory 63.37 The annual cost = 20.21 To calculate Tf for the activity where ES = 3, EF = 7, LS = 10 and LF = 14: * 4
- Using the accompanying log-log graph, answer the following questions: 500 400 300 200 Actual Optimum 100 80 60 40 20 10 10 50 100 150 200 Total units produced Labor-hours per unitWhat should the value of alpha be in anexponential smoothing forecast to be very responsive to recentdemand?rt-a- Update : Saved et.pdf Help Save & Exit Submit The United States is still manufacturing intensive. Only 40% of U.S. jobs come from the service sector. S-and- pdf True or False True False < Prev 8 of 10 attv 国喝 MacBook Pro F12 F11 F10 F9
- A firm experienced the demand shown in the following table. *Unkown future value to be forecast Fill in the table by preparing forecasts based on a five-year moving average, a three-year moving average, and exponential smoothing (with a w=0.9 and a w=0.3). Note The exponential smoothing forecasts may be begun by assuming Y t+1=Yt. Using the forecasts from 2005 through 2009, compare the accuracy of each of the forecasting methods based on the RMSE criterion. Which forecast would you have used for 2010? Why?US Auto Company would like to offer rebates to its customers in order to increase sales. If it lowers prices sales will increase. This will depend on the price elasticity of demand. Assume that the price elasticity of demand is 1.5. This firm is considering a $400 rebate on its cars. Also assume the following information on prices and costs before the rebates: Average price per car $9,000 per car Expected sales volume at $9,000) per car 1,000,000 cars Average total costs per car $8,200 per car Total variable cost $6,400,000,000 Calculate the present total fixed costs, average variable costs and average fixed costs. What is the present breakeven point? What is the change in revenue resulting from the $400 price reduction? What is the effect on the cost per car after the change? In other words what is the average cost per…20 → Using the following Water Purifier prediction interval example f rom the text, how would you describe the probability or likelihood that an 1800 GPH purifier would cost between what price intervals?* Enter the GPH for which you desire an estimate: Your estimated Price is: Prediction Interval (+/-) Confidence Level: Range 90.0% 2,380 Low 4,071.31 1,800 5,261.08 OK ✓ Estimate High 5,261.08 6,450.85 A There is a 98% likelihood that an 1800 GPH purifier would cost between $4,071 and $6,450.85 [B] There is a 90% likelihood that an 1800 GPH purifier would cost between $4,071 and $5,261.08. c There is a 90% likelihood that an 1800 GPH purifier would cost between $4,071 and $6,450.85 D] There is a 98% likelihood that an 1800 GPH purifier would cost between $4,071 and $5,261.08.