Suppose a firm’s technology is represented by the Cobb-Douglas produ.pdf

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Suppose a firm’s technology is represented by the Cobb-Douglas production function F(L, K) = 5LK. The wage rate is $50 and the rental rate of capital is $10. What is the least-cost combination to produce 100 units of outpu Solution Minimize TC = wL + rK s.t Q = 5LK Plugging the value of Q in TC we get TC = wL + rQ/5L Differentiating TC w.r.t L and equating the equation equa to zero we get w= rQ/5L^2 L^2=rQ/5w Plugging the values, we get L = 2 units This is the cost minimizing labour Similarly, Plugging the value of L as Q/5K, we get TC = wQ/5K + rK Differentiating and equating it to zero we get K^2=wQ/5r K = 10 units. This is the cost minimizing capital..

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Subjects were children enrolled in a health maintenance organization. At 18 months of age, each child was randomly given one of two types of vaccine against Haemophilus influenzae. Parents were asked to record any side effects on a card and mail it back after 2 weeks. What type of study is this? (Points: 2) Case-control study Concurrent cohort study Nonconcurrent cohort study Randomized trial Cross-sectional study Solution Experimental study because the investigators rather than the subjects themselves controlled the exposure.

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Subject:- organizational behaviour in 21st century What would you say are the advantages and disadvantages of electronic communication? For example, hardly anyone faxes any more, we email. Do you feel texting is the next evolution for business communication? Or, is there something else? How do you take advantage of modern communication channels? Solution Advantages of electronic communication are as following: 1. Fast processing 2. It can reach to many people in one go 3. Information sharing on real-time basis 4. Connectivity from anywhere anyplace 5. Flexible working and connectivity to remote locations have become possible Disadvantages: 1. Theft of data 2. Hacking of account can happen 3. Breeching of privacy Texting is the basic element of communication. in modern time it is being done through emails. so, the system what we are using to convey the message or communicate is evolving and at present scenario it is email or push mail through smart phones. Another aspect is SMS we send. it is evolving as it is also helping in business development besides helping in spreading short and effective communication. There are many advantages of modern communication channel. 1. we can interact with more people at one time on real-time basis 2. Effective communication is achieved with lesser processing time 3. It improves the efficiency of operation 4. it increases the reach of a.

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Subject: Risk Management There are 4 critical success factors that are important for effective risk management: supportive organization; competent people; appropriate methods, tools and techniques; and simple, scalable process.Recommend how you would approach the shareholders/owners of a project and persuade them that the missing critical success factor(s) must be addressed in order to maximize a successful project. Solution Approach to persuade the shareholders/owners of a project and persuade them that the missing critical success factor must be addressed in order to maximize a successful project We will list the benefits of tackling critical risk factors These are some of the convincing advantages recommended to shareholders to peruse critical risk factors for success of project.

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Summarize the main features of the ADA and include an example of a \"qualified individual\" and a \"reasonable accommodation\". Your response must be at least 200 words in length per question. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style. Solution The Americans with Disabilities Act (ADA) provides civil rights for protections to individuals with disabilities that are like those provided to the individuals on the basis of race, sex, and religion. It gives equal opportunity for individuals with the disabilities in employment,transportation, public accommodations, local and state government services, and telecommunications. I. Employment * Employers with 15 or more employees should not discriminate against qualified individuals with disabilities. * Employers should reasonably accommodate the disabilities of the qualified applicants or employees, unless any undue hardship would result. * Employers can reject applicants or may fire employees posing a threat to health or safety of others in the workplace. * Complaints can be filed with Equal Employment Opportunity Commission. II. Public Accommodations * Public accommodations such as restaurants, hotels, doctors\' offices, retail stores, museums, libraries, parks, private schools, should not discriminate on the basis of disability, with effect January 26, 1992. * Physical barriers in the existing facilities should be removed if the removal is readily achievable * All new construction in the public accommodations, and in \"commercial facilities\" like office buildings, should be accessible. III. Transportation Public bus systems * New buses ordered after August 26, 1990, should be accessible to the individuals with disabilities. *. * New bus stations must be accessible. Alterations to existing stations must be accessible. * Individuals can file complaints with the Department of Transportation or bring private lawsuits. Public rail systems * New rail vehicles ordered after August 26, 1990, should be accessible. * Existing rail system should have one accessible car for each train by July 26, 1995. * New rail stations must be accessible. with new bus stations, alterations to existing rail stations must be made in an accessible way * Individuals can file complaints with the Department of Transportation . . IV. State and local government operations * State or local governments may not discriminate against qualified individuals with disabilities. All government facilities, communications and services should be accessible and consistent with the requirements of the section 504 of Rehabilitation Act of 1973..

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summarize the processes involved in project human resource management Solution Human Resource management means the function of management that deals with the recruitment, placement, training & development of organization members. It is a process of staffing the organisation and sustaining the high employee performance. the process include the following points 1.Planning : A clear plan must be developed to achieve the objective which integated with the stategic plans. Job analysis, job description & job specification shall be considered in planning level 2. Recuitment & Derecruitment : The development of a pool of job candidates in accordance with a human resouse plan , it is a process of locating , identifying and attracting capable applicants while process of reducing jobs is derecruitment.

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Suppose a Math 1040 class has 25 students and 5% if them are not punctual. Let the random variable X represent the number of students which are late to class. Find the mean of X, the average number students late to class, and the standard deviation of X. I believe the mean is np= 25*.05= 1.25 The standard deviation would be (np(1-.05)) = (1.25*.95) = 1.09 But how would you finf the average? Is it just the meam, 1.25? Solution You\'re correct, the average and the mean are the same thing (1.25)..

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Suppose a large number of new immigrants enter the labor market. Assume this increase in the supply of labor provides a drag on wage increases: wages rise by less than the prevailing rate of inflation over the next year. Use the short-run model to explain how the economy responds to this change. **Please show detailed work and supporting graphs. Solution i cannot draw graph, but clearly explain in detail,you can understan easily. when new immigrants enter into a place, the immediate impact is on essential commodities like food products, housing requirements and all other servicess. because of increasing in number the demand for all the services and products will be increse, supply will remain same. so, once demand is higher than supply the prices will goes up, what we usually called as inflation. because of increase in labor the wages will comes down, the people income levels come down and their expenditure levels also comes down. if they are not in a position to buy goods and services, the demand for these products declines and it also impacts the employability. in short run we assume that few of the factors of inputs are constant like land, material and capital. ofcourse the labor power is variable input, but according to the increase in labor levels the production of output can not be increased. because all the remaning inputs are assumes constant in short term. if the situation contineous for a long time, in long term all factors of inputs are variable and increase in inputs leads to increase in productivity and employment in the particular nation..

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Suppose a function F(z) is a product of \"n\" differentiable functions: F(z)=f1(z)f2(z)f3(z)...fn(z). Find F\'(z)/F(z) in simplest form. (Its F prime in the numerator. Its not very clear because of the font.) Solution F(z)=f1(z)f2(z)f3(z)...fn(z) while differentiating one function will be differentiated and others will remain constant F\'(z)=f1\'(z)f2(z)f3(z)...fn(z) + f1(z)f2\'(z)f3(z)...fn(z) + f1(z)f2(z)f3\'(z)...fn(z) .................. + f1(z)f2(z)f3(z)...fn\'(z) F\'(z)/F(z) = [ f1\'(z)f2(z)f3(z)...fn(z) + f1(z)f2\'(z)f3(z)...fn(z) + f1(z)f2(z)f3\'(z)...fn(z) .................. + f1(z)f2(z)f3(z)...fn\'(z)]/[f1(z)f2(z)f3(z)...fn(z)] F\'(z)/F(z) = f1\'(z)/f1(z) + f2\'(z)/f2(z) + f3\'(z)/f3(z) + ...................... + fn\'(z)/fn(z).

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Suppose a division of New York instruments that sells computer microchips has these inventory records for January 2015 (Company accounting records show sales of 450 units for $9000 revenue. Operating expense for January was $1000): Date Item Quantity Unit Cost Total Cost Jan 1 Beg. Inventory 180 unit $15 $2700 Jan 6 Purchase 70 unit 17 1190 Jan 21 Purchase 200 unit 17 3400 Jan 27 Purchase 90 unit 18 1620 Requirement 1: Prepare the January income statement, showing amounts for LIFO, average, and FIFO cost. Label the bottom line \"Operating Income.\" Round average cost per unitto three decimal places and all other figures to whole-dollar amounts. Show your computations. Begin by preparing the income statement using LIFO, then average, and finally FIFO cost. New York Instruments Inc. Income Statement for Microchip Month Ended January 31, 2015 LIFO Average FIFO Sales Revenue _________ _________ __________ Cost of goods sold _________ _________ __________ Gross profit _________ _________ __________ Operating expenses _________ _________ ___________ Operating income _________ _________ ___________ Requirement 2: Suppose you are the financial vice president of New York Instruments. Which Method will you use if your motive is to... A) Minimize income taxes? Use ____________[FIFO,LIFO, or Average.] to minimize income taxes. Operating income under this method is the lowest when inventory unit costs are ____________,[Decreasing or Increasing] as they are in this case. (If inventory unit costs were going the opposite direction, income under _____________ [FIFO, LIFO, or Average] would be lowest.) B) report the highest income? Use ____________ [FIFO, LIFO, or Average] to report the highest operating income. Income under this method is highest when inventory unit costs are ___________ [Increasing or decreasing], as in this situation. C) Report operating income between the extremes of FIFO and LIFO? Use ____________ [FIFO, LIFO, or Average] to report anoperating income amount between the FIFO and LIFO extremes. This is true in this situation and in others when inventory unit costs are ___________ [increasing, decreasing, or both]. D) Report inventory on the balance sheet at the most current cost? Use _____________ [FIFO, LIFO, or Average] to report inventory on the balance sheet at the most current cost. The ___________ [most current or oldest] inventory costs are expensed as cost of goods sold, leaving in ending inventory the __________ [most current or oldest] costs of the period. E) Use ____________ [FIFO, LIFO, or Average] to attain the best measure of net income. This method produces the best current expense recognition by matching the _________ [most current or oldest] expense with current revenue. The __________ [most current or oldest] inventory costs are expensed as cost of goods sold. Solution.

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subject organisational behaviour Theorize how personality can affect decision making in regard to escalation commitment. Describe how a conscientious person might react to a situation in which he has a great deal of time, money, and emotional energy invested. Solution Decision making refers to a process of developing a promise to some course of action. By making a choice, and making a commitment of resources such as time, money or personnel. Once individuals make decisions, they try to become committed to those decisions. Escalation of commitment refers to tendency to continue to commit resources to a failing course of action. Personality of an individual is related to creativity. Personality includes intellectual and artistic values, core interests, high energy, and concern with achievement, independence of own judgment, perception, self-confidence, and a creative self-image. Hence a personality characteristics of an individual provides useful idea, promote creativity to develop in order to succeed a decision. Conscientiousness is a personality trait of being careful and thorough. Conscientiousness leads a desire and tendency to do a task well, conscientious people are highly efficient organized and exhibit a tendency to show self discipline, punctual and goal oriented. A conscientious person might react to a situation in which he has a great deal of time, money, and emotional energy invested as given below-.

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Subject \" Forensic Accountng\" As we move forward, and computer technology improves, we will have the ability to utilize programs to look for \"red flags\" or anomalies within a companies books. The other side of this coin is that this technology can also be utilized to conduct fraudulent operations, and an article in Accounting today even suggests that this will be the direction that fraud goes in 2015. If a company is suspected of fraud, or a whistleblower comes to the SEC with information fraud examiners will get to work! HOW an auditor investigate it. Solution Fraud has become very complicated in this era of technology, and increasingly difficult to detect, especially when it is collusive in nature and committed by top management who are capable of concealing it. Over the last two decades, there have been developments concerning fraud which some have seen as marking significant extension to audit responsibilities. The business community, especially the accounting profession, has become increasingly concerned about the rise in management fraud. Recent internal reports suggest that employee fraud is pervasive, plaguing both large and small organization alike. If a company is suspected of fraud or a whistle blower comes to SEC,an auditor has to conduct thorough investigation to get the root of the fraud and carry out necessary actions accordingly. First,we will take a look at various types of frauds that can prevail and different investigation procedures. TYPES OF INVESTIGATION The forensic accountant could be asked to investigate many different types of fraud. It is useful to categorise these types into three groups to provide an overview of the wide range of investigations that could be carried out. The three categories of frauds are corruption, asset misappropriation and financial statement fraud. Corruption There are three types of corruption fraud: conflicts of interest, bribery, and extortion. Research shows that corruption is involved in around one third of all frauds. Asset misappropriation By far the most common frauds are those involving asset misappropriation, and there are many different types of fraud which fall into this category. The common feature is the theft of cash or other assets from the company, for example: Financial statement fraud This is also known as fraudulent financial reporting, and is a type of fraud that causes a material misstatement in the financial statements. It can include deliberate falsification of accounting records; omission of transactions, balances or disclosures from the financial statements; or the misapplication of financial reporting standards. This is often carried out with the intention of presenting the financial statements with a particular bias, for example concealing liabilities in order to improve any analysis of liquidity and gearing. CONDUCTING AN INVESTIGATION The process of conducting a forensic investigation is, in many ways, similar to the process of conducting an audit, but with s.

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Suppoe you have the folllowing coins in your pocket: 5 cents, 10 cents, 20 cents, 50 cents, $1, $2. How many different sums of money can you make? Can you show steps to the solution? Solution you have 2 optios for each coin 1 or 0 lets consider binary format each digit represents single type of coin 111111 suggests that you have taken all coins so toatal is 3$ 85 cents so total combinations are 2^6-1=63.

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