Break even analysis utilizes both current and projected figures. In a rapidly changing economy, there are many individuals who are finding that their initial break even analyses were incorrect. In your opinion, what could be done to minimize errors in projections?
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Break even analysis utilizes both current and projected figures. In a rapidly changing economy, there are many individuals who are finding that their initial break even analyses were incorrect.
In your opinion, what could be done to minimize errors in projections?
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- The forecasting staff for the Prizer Corporation has developed a model to predict sales of its air-cushioned-ride snowmobiles. The model specifies that sales S vary jointly with disposable personal income Y and the population between ages 15 and 40, Z, and inversely with the price of the snowmobiles P. Based on past data, the best estimate of this relationship is S=kYZP where k has been estimated (with past data) to equal 100. If Y=11,000,Z=1,200, and P=20,000, what value would you predict for S? What happens if P is reduced to $17,500? How would you go about developing a value for k? What are the potential weaknesses of this model?Why is Afghanistan in recession due to COVID-19?Question 2 Calculate new HDI for Egypt using the given actual values from Egypt: Actual life expectancy at birth: 73.5 Mean years of schooling: 6.4 Expected years of schooling: 12.1 GNI per capita: 5,401 How would you classify Egypt based on the NHDI you found? Click on reveal once you are done calculating NHDI (0.662) Full explain this question and text typing work only thanks
- Considering everything that's occurred because of COVID-19, would we be considered to be in a recession right now even though we’ve received money as aid?Assume the carrying capacity of the earth is 9 billion. Use the 1960s peak annual growth rate of 2.1% and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. Assume a current population of 6.8 billion. How does the predicted growth rate compare to the actual growth rate of about 1.2% per year?The Montag Family purchased a house in 2020 and expects its value (in thousands of dollars) t years in the future will be well-modeled by the function V(t)=310(1.08). By what percentage does the model predict the house will increase in value each year?
- A farmer is determining how much land, g (acres), to actively bring into cultivation over a two year period (i=1,2). For soil sustainability purposes, once the land is cultivated in year one, it cannot be cultivated in year two: http://www.worldwildlife.org/threats/soil-erosion-and-degradation. You can also re-watch It's Alive: Going Places (ranching in Texas). The annual MB=40-0.5*gi and MC=8. If there was no scarcity, how many acres would be cultivated each period? Answer: 64 Now assume the discount rate is 10% and there are 100 acres to farm. What is the price to cultivate an acre in year 1? Answer: Now assume the discount rate is 10% and there are 100 acres to farm. What is the price to cultivate an acre in year 2? Answer:Using the parameter values in Table 1, calculate the steady-state values of labor market tightness θ, unemployment rate u and vacancy rate v. Suppose the economy is initially in steady state (t = 0). At t = 1, a recession causes the value of filled jobs J to decrease to J = 2 for 15 months. Starting from the steady state, use the other parameter values in Table 1 and a spreadsheet/script to calculate and plot the time paths of market tightness, unemployment rate and vacancy rate for 15 months (t = 0,1,...,15) after the economy was hit by the recession. Describe how market tightness, unemployment rate and vacancy rate respond to the decrease in J. Has the economy settled to a new equilibrium by the end of 15 months? Explain your findings. Now Some economists believe that the matching process becomes less efficient in recessions, as indicated by the shifting out of the Beveridge curve. Suppose the economy is initially in steady state. At t = 1, a recession causes the matching efficiency…Use appropriate model(s) to analyze the impact of COVID-19 pandemic on a country's economy in the short-run and long-run. Graphical analyses is also required
- What is actual-dollar analysis?The population of the world in 2015 was 9.75 billion people and was growing at a rate of 1.25% per year. (i) Assuming that this growth rate continues, derive a model to represent the population P (in billions of people) in year t. (ii) From the model derive in (i), approximately when will the population of the world be 11.2 billion people?Assume a model economy with the following parameters: C= 100+0.25Yd I=100+0.5Y-3000i G=125 T=100 (M/P)d= 6Y-24000i (M/P)s=4500 Derive the IS and LM relation