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Jim Sellers is thinking about producing a new type of electric razor for men. If the market were favorable, he
Jim Sellers is thinking about producing a new type of electric razor for men. If the market were favorable, he would get a return of \$100,000, but if the market for this new type of razor were unfavorable, he would lose \$60,000. Since Ron Bush is a good friend of Jim Sellers, Jim is considering the possibility of using Bush Marketing Research to gather additional information about the market for the razor. Ron has suggested that Jim either use a survey or a pilot study to test the market. The survey would be a sophisticated questionnaire administered to a test market. It will cost \$5,000. Another alternative is to run a pilot study. This would involve producing a limited number of the new razors and trying to sell them in two cities that are typical of American cities. The pilot study is more accurate but is also more expensive. It will cost \$20,000. Ron Bush has suggested that it would a good idea for Jim to conduct either the survey or the pilot before Jim makes the decision concerning whether to produce the new razor. But Jim is not sure if the value of the survey or the pilot is worth the cost. Don’t use plagiarized sources. Get Your Custom Essay on Jim sellers | Mathematics homework help Just from \$13/Page Order Essay Jim estimates that the probability of a successful market without performing a survey or pilot study is 0.5. Furthermore, the probability of a favorable survey result given a favorable market for razors is 0.7, and the probability of a favorable survey result given an unsuccessful market for razors is 0.2. In addition, the probability of an unfavorable pilot study given an unfavorable market is 0.9, and the probability of an unsuccessful pilot study result given a favorable market for razors is 0.2.a. Draw the decision tree for this problem without the probability values.b. Compute the revised probabilities needed to complete the decision, and place these values in the decision tree.c. What is the best decision for Jim? Use EMV as the decision criterion Problem 3Explain the fundamental difference in the “Keynesian” view of the economy and the classical viewProblem 4Suppose the government increases education spending by \$20 billion. Based on an MPC of 0.75, how much additional consumption will this increase cause? Show your work.Problem 5Would a millionaire and a poor person have the same MPC? Explain thoroughly.Problem 6The federal government increases spending by \$1 billion to develop a new fighter jet. If the MPC in the economy is 0.1, what will be the overall spending effect on the economy? Show your work.Internet QuestionsQuestion 1Visit: http://taxhistory.tax.orgGo explore the Tax History Museum. While there, select the dates 1861 to 1865. Provide a full one-page synopsis on the relative approaches taken by the North and the South with regard to tax policy. Which was superior and why?
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Don’t use plagiarized sources. Get Your Custom Essay on Psy 605 | Psychology homework help Just from \$13/Page Order Essay Prior to completing this discussion, please read the American Psychological Association’s Ethical Principles of Psychologists and Code of Conduct (Links to an external site.)Links to an external site.(2010) and Fact Sheet on End-of-Life Care (Links to an external site.)Links to an external site. (2014), as well as the Block, et al. (2006), Kwak,
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Need week 10 completed. See attached files and instructions below. (DUE 09/08/2015 @ 0800) Don’t use plagiarized sources. Get Your
Writing Assignment Writing ServiceNeed week 10 completed. See attached files and instructions below. (DUE 09/08/2015 @ 0800) Don’t use plagiarized sources. Get Your Custom Essay on World religion chart (week 10) Just from \$13/Page Order Essay A world view is a fundamental or basic orientation of thinking – like a mindset – which guides a culture and / or a person’s life. Like a point of view, it can be built of concepts, ideas, values, emotions, and ethics. Weltanschauung is the German word for this idea. Your goal for this course is to understand the world views of these various religions. In order to prepare you for your final assignment, you will outline the world views of various religions in the chart below, adding to it each week. For this assignment, students will complete the weekly area of the chart, filling in the aspects of each religion as it is presented in the readings and resources. This chart, when complete, will be the starting point for the written assignment, due in Week 10. For each weekly submission: Review the weekly lectures and supplemental materials provided, then complete the chart by elaborating on each section related to the weekly content. Identify key details and examples from the weekly resources to serve as a basis for the content being recorded in your chart. Write clearly and coherently using correct grammar, punctuation, spelling, and mechanics.
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