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(engineering economy) … Select the most preferable equipment (8 years useful life, 12% rate) from the table below.

Select the most preferable equipment (8 years useful life, 12% rate) from the table below. Use two methods. Parameter                    ...

On behalf of Econ, I apologize for words making you question your abilities

Lately I've realized just how stressful economics can be, particularly for students with English as a second or third language. Trying to explain utility and utils to someone a few days ago, all I could think about was my own AP Econ professor, with his southern drawl, and a look he reserved for confused students.  Someone would ask a question. There'd be a pause. Wearing his varsity football... read more

economics with maths

An electrical component manufacturer has the following:      Price (£) received for each component sold:5   Fixed costs (£):20,000   Constant marginal...

Assume an economy’s annual money velocity in circulation is 10.

Assume an economy’s annual money velocity in circulation is 10. Please answer the following two questions: a. If the annual nominal GDP is \$200 trillion, how much money supply are enough for money...

demand function of mr.hassan involving change in price

Mr. Hassan demand function for rice is given by x=15+m(10p)^-1 where x=amount of rice demanded,m=income of the consumer,p=price of rice.Originally the income of Mr.Hassan is 4800 per month...

monopolistic firm involving income effect and substitution effect

Given the demand function of a monopolist operating two plants is equal to Q=400-4p and cost functions for plant A is equal to C=20Q and plant B is equal to C=0.5Q² Assuming the monopolist...

demand function and optimal demand involving total effect,income effect and substitution effect

mr hassan demand function for rice is given by x=15+m(10p)^-1.where x=amount of rice demanded,m=income of the consumer,p= price of rice.Orinally the income of mr hassan is 4800per month and the...

Econ 101 help.

The optimization rule in the short run, a firm will increase the variable factor up the point at which its MRP (MRxMP) is equal to the price of the input (MRP for labor=P for labor=wage rate). A firm...

Tutoring is Harder Than Teaching

I've tutored and taught at the college level for years now, and one fact continues to strike me, no matter how long I do. Tutoring is hard. Okay, lots of things are hard. Neurosurgery, rocket science, teaching economics. Those are hard. But tutoring at the college level is surprisingly hard. Even harder than teaching university courses, from my perspective. "Teaching", of course,... read more

Cost of production of a small firm

Assignment 2: LASA 1: The Costs of Production A small firm in the agricultural industry, Joseph Farms, Inc., has researched limited data for their firm. They are asking you to help them complete...

which fact is not sufficient to show that planes R and S are perpendicular?

FJ is contained in plane R, BC and DE are contained in plane S, and FJ, BC, and DE intersect at A. its hard for me

30% of all Girl Scout cookies sold are Thin Mints. If we select 9 boxes of cookies at random, what is the probability at most 5 of them are Thin Mints?

Economic Statistics I Does anyone have a formula for these type of problems?

Congratulations to MADISON for her dedication and good grades in her challenging business classes. Madison, we're proud of you for doing a great job--it looks like you're going to get A's and B's in all of your classes. Since you are taking some very challenging subjects, passing them all and getting good grades is a praiseworthy accomplishment on your part!

Recommended Statistics Learning Strategies - Experienced Subject Matter Expert

My recommended strategy to Students at all academic levels for learning and successfully passing the course at all modalities (on-line, on-ground) is the culmination of at least ten years of teaching and tutoring statistics at the undergraduate, graduate, and post-graduate levels in business, management, sciences, social studies, and psychology. It consists of the following: 1. The first... read more

Math and Economics in Real Situations-from Presidential elections to a cup of coffee

Math is all around us! Recently, math was used to calculate the predicted winner of the upcoming Presidential election! Every four years a predicted outcome is calculated based on numerous factors(some including the current economic situation of each state and previous election results(blue or red state)); all of these factors go into a prediction/forecasting equation with usually around a... read more

The New School Year Is Upon Us!

The new school year beckons - be it middle or high school, college or post graduate study. Fall college visits, applications and essays are also just around the corner. Get a jump on what you or your child may need in terms of support for specific academic subjects, computer skills, standardized tests (SSAT, ISEE, PSAT, SAT, ACT, ASVAB, GRE, etc.). I look forward to continuing my track record... read more

Avoiding summer slump

The worst thing for a student can be summer vacations. The last thing on their minds is to keep up on what they learned throughout the previous school year. They want fun, freedom, excitement. None of these are often used by students to describe learning or school. However, it is important to their continued mental development that they maintain their level of understanding from school year... read more

Using current events to explain statistical ideas

It is often examples that make ideas understandable to students and current events can be a good source of examples. Case in point. Today in Wisconsin, the issue of the day is the outcome of the recall elections and problems with the exit polling. As a tutor, the outcome isn’t interesting, but exit polling like all surveys is key to the usefulness of statistics! In fact, it gives a great opportunity... read more

Creating Study Techniques to Tackle Any Subject

A study techniques can be utilized to tackle any subject, especially when you are required to retain information on multiple subjects. There are many techniques that can be used and some of which I found helped me survive both undergraduate school and graduate school. I've listed some of them below for you and provide an explanation of each. 1. Mnemonics or mnemonic device - is a learning... read more