Economics 11. Caltech Spring Problem Set 4
|
|
- Lynn Jenkins
- 6 years ago
- Views:
Transcription
1 Ecnmics 11 Caltech Spring 2010 Prblem Set 4 Hmewrk Plicy: Study Yu can study the hmewrk n yur wn r with a grup f fellw students. Yu shuld feel free t cnsult ntes, text bks and s frth. The quiz will be available Wednesday at 5pm. Fllwing the Hnr cde, yu shuld find 20 minutes and d the quiz, by yurself and withut using any ntes. Paper and pen shuld be all yu need. Then turn it in by Thursday 5pm. (drp ff in bx in frnt f Baxter 133). It will include ne questin frm each sectin The answers t the whle hmewrk will be available Friday at 2pm. Definitins Please explain each term in three lines r less! Shadw value The shadw value f capital refers t the value assciated with a cnstraint, i.e. when capital cannt be adjusted in the shrt run it creates a cnstraint n the prfit. Marginal prduct The additinal utput that can be prduced by ne mre unit f a particular input while hlding all ther inputs cnstant. It is usually assumed that an input s marginal prductivity diminishes as additinal units f the input are put int use while hlding ther inputs fixed. If,, Marginal cst The cst f prducing an additinal unit f utput. Shrt run marginal cst The cst f prducing an additinal unit f utput withut changing anything yu cannt change quickly (such as building new factries). In the shrt run, sme inputs (e.g., capital) are fixed, i.e., cannt be adjusted t change utput levels. In such case (e.g., assuming that capital is nt adjustable in the shrt run), the marginal
2 cst given the amunt f capital used is the derivative f the ttal csts with respect t the quantity f utput. In ther wrds,,, Shrt run average cst f prductin The shrt run average cst is the shrt run ttal cst f prductin divided by quantity, where ne factr f prductin is fixed. It is just the shrt run ttal cst f prductins (i.e., hlding K fixed) divided by the utput, i.e., the average f the ttal cst in the shrt run per unit f utput: Revealed preference The preference f cnsumers can be revealed by their purchasing habits. Fixed csts Csts that d nt change as the level f utput changes in the shrt run. Fixed csts are in many respects irrelevant t the thery f shrt run price determinatin. Ttal Factr Prductivity A variable which accunts fr effects in ttal utput nt caused by inputs. Fr example, a year with unusually gd weather will tend t have higher utput, because bad weather hinders agricultural prduct. A variable like weather des nt directly relate t unit inputs, s weather is cnsidered a ttal factr prductivity variable (Wiki). Wrd prblems Please explain each questin in a few sentences. Cnsider fixed capital, what are the implicatins f the first rder cnditin f the prfit maximizatin prblem? What des the secnd rder cnditin imply? Given a fixed level f capital K, the firm chses L t maximize prfit. Frm the firm s (shrt run) prfits,, we btain the first rder cnditin: 0,,, where the left hand side f the last equality if the value f the marginal prduct f labr, and the right hand side is the wage rate. This implies that the firm will add wrkers t the prductin prcess up t the pint where a wrker just pays his salary, in the sense that the value f the marginal prduct fr that wrker equals the cst f hiring him. The secnd rder cnditin, in turn, can be written as:,.
3 This expressin has t be negative (r nn psitive) since, at a maximum, the slpe ges frm psitive (when the functin is increasing up t the maximum) t zer (a the maximum) t a negative number (as the variable rises past the maximum). Why d ships and taxis g at slwer speeds as a shrt run adjustment t recessins? Given that capital equipment and thus, the cst f capital is fixed in the shrt run, taxis and ships adjust t recessins by lwering variable csts. By ging at slwer speeds, the cst f gas decrease, thus lwering variable csts. Sketch the average ttal cst (ATC), average variable cst (AVC) and marginal cst (MC) f a firm (dllars vs. quantity). Why des the MC curve necessarily intersect at the minimum f the AVC and ATC curves? Maximize: Multiply thrugh by : S at the minimum f,, fllw similar steps t get intersects at the minimum f. Why des a prfit maximizing firm prduce the quantity, where price equals marginal cst, given price is as large as minimum average variable cst? Why des a prfit maximizing firm shut dwn if the price falls belw the minimum average variable cst f prductin? 0
4 The prfit maximizing firm maximizes prfit (shaded blue) when it prduces quantity where price equals marginal cst. The prfit maximizing firm shuts dwn if price falls belw the minimum AVC because the firm will start lsing mney. The firm s (shrt run) prfits are given by:, and thus it maximizes prfits by chsing the quantity satisfying a) 0. This is a gd strategy nly if prducing a psitive quantity is desirable, i.e. if 0,, that is, if b), where, is the average cst ignring the investment in capital equipment (recall that the cst f capital is fixed in the shrt run, and thus 0, 0). Hence, the prfit maximizing firm prduces the quantity where price equals marginal cst, prvided that p is as large as minimum average variable cst. If price falls belw minimum average variable cst, the firm shuts dwn, since it is mre cnvenient fr the firm t face the fixed csts f prducing 0 units than t prduce a psitive quantity (i.e., it lses less by prducing 0). What des 0 and 0, where, is the prductin functin and and are capital and labr, imply abut labr and capital? Prvide an example f each case and draw the respective isquants. 0 implies that and are substitutes increase in makes an increase in bst prductin less.
5 0 implies that and are cmplements increase in makes an increase in bst prductin mre. Suppse we have a prfit maximizing firm and is the fixed ptimum price required. What des a decline in utput price imply abut cst f prductin? What des an increase in wages imply abut labr prductivity? At the ptimum, the prfit maximizing firm prduces the quantity where the price equals the marginal cst. Ceteris paribus, a decline in price thus will require a crrespnding decrease in the marginal cst f prductins and hence a decline in the cst f prductin. Ceteris paribus, an increase in wages has t be matched by an increase in labr prductivity, since prfit maximizatin requires that,.
6 Technical prblems Suppse a cmpany has ttal cst given by where capital is fixed in the shrt run. What is the shrt run average ttal cst and marginal cst? Plt these curves. 2 Fr a given quantity, what level f capital minimizes ttal cst? What is the minimum average ttal cst f? Minimize ttal cst wrt : Minimize average ttal cst wrt : Suppse capital can be adjusted in the lng run. Des this cmpany have an increasing return t scale, decreasing returns t scale r cnstant returns t scale? S we ptimize the ttal cst with respect t and plug in: S the average ttal cst is cnstant independent f s cnstant return t scale.
7 Prfessr Smith and Prfessr Jnes are ging t write a textbk tgether. Their prductin functin fr the bk is / /, where is the number f pages in the finished bk, is the number f wrking hurs spent by Smith, and is the number f hurs spent wrking by Jnes. Smith values his labr as $3 per wrking hur. He has spent 900 hurs preparing fr the first draft. Jnes, whse labr is valued at $12 per wrking hur, will revise Smith s draft t cmplete the bk. Hw many hurs will Jnes have t spend t prduce a finished bk f 150 pages? Of 300 pages? Of 450 pages? 3 12 Plug in 3 12 Minimize ttal cst with respect t : But we als need t stipulate that 900. If 150, then Smith has already wrked mre than the equilibrium amunt s we just need the smallest TC even thugh it wn t be a minimum. Fr 900, /360 S 900 Similarly, if 300, and 900 S /90 And if 450 and 900, then S 900
8 What is the marginal cst f the 150 th pages f the finished bk? Of the 300 th page? Of the 450 th page? In the previus part we shwed that Smith desn t put in any mre hurs fr 450 s If 150, 4. If 300, 8. If 450, then 12. A lawn mwing cmpany uses tw sizes f mwers t cut lawns. The smaller mwers have a 24 inch blade and are used n lawns with many trees and bstacles. The larger mwers are exactly twice as big as the smaller mwers and are used n pen lawns where maneuverability is nt s difficult. The tw prductin functins available t the cmpany are 1 : Output (square feet) Capital input (# f 24 mwers) Labr input Larger mwers Small mwers Graph the square feet isquant fr the first prductin functin. Hw much and wuld be used if these factrs were cmbined withut waste? The isquant curves fr large mwers lk like: 8000 min, Set min,, we get 10,5 Answer the previus part fr the secnd functin. 1 Nichlsn s Micrecnmic Thery
9 The isquant curves fr large mwers lk like: 5000 min, Set min,, we get 8,8 Hw much and wuld be used withut waste if half f the square ft lawn were cut by the methd f the first prductin functin and half by the methd f the secnd? Hw much and wuld be used if 3/4 f the lawn were cut by the first methd and 1/4 were cut by the secnd? What des it mean t speak f fractins f and? Assuming we can nly use integer numbers f lawn mwers: 1) Half by first methd, half by secnd: We wuld cut with the first mwer and with the secnd mwer. First mwer: 3min, 6,3; secnd mwer: 4 min, 4,4. There wuld be a waste f 4000 square feet mwed. 2) by first methd, by secnd: We wuld cut with the first mwer and with the secnd mwer. First mwer: 4min, 8,4; secnd mwer: 2 min, 2,2. There wuld be a waste f 2000 square feet mwed. On the basis f yur bservatins in the previus part, draw a isquant fr the cmbined prductin functins. Assuming and are indivisible, t draw the isquant we wuld need t enumerate integer cmbinatins f large and small mwers that cver at least square feet. If and culd be divisible we can graph the isquant as fllws: We can get an expressin fr the cmbined and : Let be the fractin f cut by mwer
10 We can get an equatin f in terms f and by substituting frm the secnd equatin int the first equatin: Suppse a gardener is ging t g int business. She has access t bth technlgies what is the ptimal number f mwer f each type that she shuld purchase in rder t minimize csts? When she hires wrkers r rents mwers she had t d it in whle hurs the wage is $10 per hur; the rental cst f a unit f capital is $5 per hur. If we assume nly integer and the cst functin can be pltted by making a table f cmbinatins f small and large mwers that will minimize cst fr different intervals f area mwed: (square feet) Small mwer Large mwer Cst(q) In fact past 13K the best slutin is the interger value f K/8k large mwer and fr the residual a small mwer if it is less than 5K and a large n if it larger than 5K. Hwever, if we assume and are divisible we can derive the fllwing clsed frm f the cst functin: Cst functin: 10 5 Fllwing steps similar t the previus part: Given is a fixed cnstant, we want t minimize the cst, s substituting the abve equatin int the cst functin:
11 Increasing capital lwers cst, s the gardener shuld nly use large mwers.
Lecture # Costs of Production
I. Which Csts Matter? Lecture # 13 -- Csts f Prductin Having defined prductin, the next step in the firm's prblem is cst minimizatin. T begin, we discuss which csts ecnmists are cncerned with. Ecnmic csts
More informationBUSINESS FIRMS Why Do Business Firms Exist?
BUSINESS FIRMS Why D Business Firms Exist? Ecnmics Chapter 7: Business Operatins A business firm is an rganizatin that uses resurces t prduce gds and services that are sld t cnsumers, ther firms, r the
More informationLecture # Applications of Utility Maximization/Production
Lecture # 11 -- Applicatins f Utility Maximizatin/Prductin I. Examples: Incme and Substitutin Effects As an example f substitutin and incme effects, we lked at research n child labr and rice farms in Vietnam,
More informationInsurance Part 3 Two types of customers (different risks)
Department f Ecnmics, University f Califrnia, Davis Prfessr Giacm Bnann Ecn 103 Ecnmics f Uncertainty and Infrmatin Insurance Part 3 Tw types f custmers (different risks Suppse that there are tw types
More informationBUSS1040: ECONOMICS FOR BUSINESS DECISION MAKING
BUSS1040: ECONOMICS FOR BUSINESS DECISION MAKING BUSS1040 ECONOMICS FOR BUSINESS DECISION MAKING WEEK 1: KEY CONCEPTS AND COMPARATIVE ADVANTAGE CHAPTER 1: KEY ECONOMIC CONCEPTS Ecnmics is cncerned with
More informationUnderstanding Keynesian Economics: Selected Key Points of Ch. 9
Page1 Understanding Keynesian Ecnmics: Selected Key Pints f Ch. 9 NOTE: In this lecture nte I have clarified the parts f Ch. 9, that I felt, are nt explained very clearly. This DOES NOT mean that the remaining
More informationLECTURE NOTES. Chapter 6: The Keynesian System (II): Money, Interest, and Income. 1. Money in the Keynesian System
LECTURE NOTES Chapter 6: The Keynesian System (II): Mney, Interest, and Incme 1. Mney in the Keynesian System Interest rates and aggregate demand AD cmpnents affected Investment Durable gds Gvernment spending
More informationLecture # 9 -- Consumer Behavior: Maximizing Utility
Lecture # 9 -- Cnsumer Behavir: Maximizing Utility I. Marginal Rate f Substitutin Marginal Rate f Substitutin (MRS) is the rate at which a persn will give up gd y in rder t get mre f gd x and still have
More informationMATHEMATICS SAMPLE ASSESSMENT QUESTIONS WHAT YOU NEED TO KNOW BASED UPON THE END OF YEAR ASSESSMENTS...
MATHEMATICS SAMPLE ASSESSMENT QUESTIONS WHAT YOU NEED TO KNOW BASED UPON THE END OF YEAR ASSESSMENTS... PARCC PARCC stands fr the Partnership fr Assessment f Readiness fr Cllege and Careers. Mre than 15
More informationLecture # Cost-Benefit Analysis
Lecture # 24 -- Cst-Benefit Analysis I. Steps t Cst-Benefit Analysis (cntinued) 4. Discunting The csts and benefits will ccur at different times. T cmpare them fairly, it is imprtant t discunt csts and
More informationEconomics Chapter 12: ECONOMIC CHANGES AND CYCLES
Ecnmics Chapter 12: ECONOMIC CHANGES AND CYCLES SECTION 1 Inflatin and Deflatin What Is Inflatin? Inflatin is an in the level, r the average level f prices. Hw D We Measure Inflatin? If the price level
More informationLecture # Cost-Benefit Analysis
Lecture # 23 -- Cst-Benefit Analysis I. Intrductin t Cst-Benefit Analysis (CBA) Public fficials ften use cst-benefit analysis t decide whether a prject is wrthwhile. Cst-benefit analysis can be used t
More informationChapter 42: Aggregate supply (2.2)
Chapter 42: Aggregate supply (2.2) Key cncepts Aggregate supply (AS) and utput The upward slping AS curve shrt run aggregate supply () Shifts in The meaning f aggregate supply Describe the term aggregate
More informationThe price level is relationship between the level of output and the quantity of money o We need to add money to the model
LECTURE NOTES Chapter 4: Mney, Prices, and Interest 1. The Quantity Thery f Mney The price level is relatinship between the level f utput and the quantity f mney We need t add mney t the mdel The equatin
More informationLecture 2: Statistical process Control
Lecture 2: Statistical prcess Cntrl Definitin f statistical prcess cntrl: SPC is a statistical methd t evaluate the tendency f a prcess t g ut f cntrl. SPC is used in the industry t determine if a prduct
More informationLecture # 22 Cost-Benefit Analysis
Lecture # 22 Cst-Benefit Analysis I. Intrductin t Cst-Benefit Analysis (CBA) Public fficials ften use cst-benefit analysis t decide whether a prject is wrthwhile. Cst-benefit analysis can be used t guide
More informationMoney - Hire Purchase
Mney - Hire Purchase Pre-requisites: Additin and subtractin f mney quantities Rates & Direct Prprtin Unequal Sharing Practice Questin 2 $2500? $400 $400 $400 $400 Tpics: Elements f Hire Purchase Calculatin
More informationEC161 - Group Assignment with Individual Components
2011 2012 EC161 - Grup Assignment with Individual Cmpnents Egan, Jasn (11817875) Questin B Firini, Mayra Maia (11841746) Questin C Tzilalis, Antnis (11822308) Questin A Business Management with Finance
More informationEconomic Activity Chapter 2
Ecnmic Activity Chapter 2 Sectin 2.1 Measuring Ecnmic Activity Ecnmic Grwth: steady increase f gds and services Grss Dmestic Prduct (GDP): Ttal value f all final gds and services prduced in the cuntry
More informationAP Microeconomics. Scoring Guidelines
2018 AP Micrecnmics Scring Guidelines 2018 The Cllege Bard. Cllege Bard, Advanced Placement Prgram, AP, AP Central, and the acrn lg are registered trademarks f the Cllege Bard. Visit the Cllege Bard n
More informationEconomics - Chapter 9 Labor, Employment and Wages
Sectin 1: What Determines Wages? Ecnmics - Chapter 9 Labr, Emplyment and Wages Supply and Demand in the Labr Market Supply and demand can be used t analyze hw we determine the f a resurce (factr f prductin),
More informationConsumer Buy to Let Mortgage
Cnsumer Buy t Let Mrtgage What is it? Cnsumer buy-t-let (CBTL) mrtgages are any buy-t-let cntracts that are nt entered int by an individual whlly r predminantly fr the purpse f a business. They are usually
More informationYou can get help from government organizations that are not connected with us
2011 Evidence f Cverage fr Medi-Pak Advantage MA (PFFS) Chapter 9: What t d if yu have a prblem r cmplaint (cverage decisins, appeals, cmplaints) BACKGROUND SECTION 1 Intrductin Sectin 1.1 What t d if
More informationChapter 5: Measuring a Nation s Income
Chapter 5: Measuring a Natin s Incme Grss Dmestic Prduct GDP Is the market value f all final gds and services prduced It is strictly a measure f PRODUCTION (And incme earned) within a cuntry In a given
More informationWhat Does Specialty Own Occupation Really Mean?
What Des Specialty Own Occupatin Really Mean? Plicy definitins are cnfusing, nt nly t dentists but als t many f the insurance prfessinals wh sell them. Belw we will try t prvide an understandable explanatin
More informationTutorial Exercises 4: Consumer Theory
FB 00 ECONOMCS Tutrial Exercises : Cnsumer Thery Essential readings: Chapter.. Draw the indifference curve fr gds A and B if they are (a) (b) Perfect Substitutes: N matter hw much f gds A and B the cnsumer
More informationNominal GDP Value of gross domestic product in a particular year measured in that year's prices - unadjusted GDP (nominal)
WEEK 5 Grss dmestic prduct Single number which culd summaries the utput f the ecnmy Ttal mney value f all final gds and services prduced within a natin's brder during a given perid f time (usually 3 mnths
More informationEdexcel Economics (A) A-level Theme 2: The UK Economy - Performance and Policies 2.4 National Income
Edexcel Ecnmics (A) A-level Theme 2: The UK Ecnmy - Perfrmance and Plicies 2.4 Natinal Incme Summary Ntes 2.4.1 Natinal incme The circular flw f incme Firms and husehlds interact and exchange resurces
More informationRamsey Million Partnership
Ramsey Millin Partnership General Pints GUIDANCE FOR APPLICATIONS FOR FUNDING GENERAL GRANTS POT 2019 (i) Opening Statement Yur grant applicatin must meet the criteria as established by the Big Lcal and
More informationHRA s and HSA s GALLAGHER BENEFIT SERVICES, INC. ARTHUR J. GALLAGHER & CO. AJG.COM G-FORMS\GBS Forms\Template - Word - 1 margins.
HRA s and HSA s 1. HRA/HSA What Are They? 2. Can I have ther cverage and still cntribute? 3. Can I cntribute t my FSA if s, full r limited? 4. Can I have bth an HRA and an 5. Can I have bth an HSA and
More informationClassical Keynesian Monetarist New Classical. M is one of the AD components. Adaptive (backward looking)
LECTURE NOTES Chapter 13: Macrecnmic Mdels: A Summary 1. Theretical Issues Classical Keynesian Mnetarist New Classical Labr demand ( ) ( ) ( ) ( ) Labr supply ( ) ( ) ( ) ( ) Aggregate demand Aggregate
More informationLecture # 6 -- Elasticity/Taxes
Lecture # 6 -- Elasticity/Taxes I. Elasticity Elasticity tells us the percentage change that will ccur in ne variable due t a ne percent change in anther variable. It is a unit-free measure f cmparisn.
More informationSchedule C Worksheet for Self-Employed Filers and Contractors tax year Part 1: Business Income and Expenses
Schedule C Wrksheet fr Self-Emplyed Filers and Cntractrs tax year 2017 This dcument will list and explain the infrmatin and dcumentatin that we will need in rder t file a tax return fr a self-emplyed persn,
More informationDe minimis aid declaration
De minimis aid declaratin Declaratin within the scpe f the prvisin f aid as referred t in the de minimis aid Regulatin (OJ 2006, L379). It is recmmended that yu read the explanatry ntes in the annex t
More informationLesson Unit content* Activities Links to other units Resource checklist
Unit 2: Finance fr Business Scheme f wrk Guided learning hurs (GLH): 30 Number f lessns: 15! Duratin f lessns: 2 hurs Lessn Unit cntent* Activities Links t ther units Resurce checklist Learning aim A:
More informationequote Practical Exercise Lawn Equipment
Scenari: Create an equte fr Lawn Equipment. equte Practical Exercise Lawn Equipment In this scenari, yu will create a new equte fr practice. Yu will have the pprtunity t add requirements, questins, line
More informationmyproduct: Cost User guide A guide to walk you through how to use myproduct: Cost to view, amend and approve cost price changes. March 2018 V1.
myprduct: Cst User guide A guide t walk yu thrugh hw t use myprduct: Cst t view, amend and apprve cst price changes. V1.4 Cntents Cntents... 2 Welcme t myprduct: Cst... 3 Overview... 3 Hw t access myprduct:
More informationAMENDMENTS TO NASDAQ RULES ON COMPENSATION COMMITTEES
March 2013 AMENDMENTS TO NASDAQ RULES ON COMPENSATION COMMITTEES Summary. The Securities and Exchange Cmmissin recently apprved the fllwing amendments t the NASDAQ listing rules relating t cmpensatin cmmittees:
More informationAnnual Return Guidance
Annual Return Guidance Updated July 2018 Scttish Charity Regulatr Annual Return Guidance CONTENTS Pg 3. 1. INTRODUCTION Pg 4. 2. SECTION A Pg 8. 3. SECTION B Pg 11. 4. SECTION C 1. Intrductin What this
More informationWEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 7,000 16,800 7,200 9,100 21,000 7,200 24,000 24,000 28,200 25,800 19,800 5,400
QUESTION ONE (a) Cash budget reveals the estimated cash balances fr each mnth tgether with receipts and payments estimated t be received and paid during the perid. Functins f a cash budget Ensure that
More informationMAF 203 Topic 5 SHARE VALUATION chapter 9
MAF 23 Tpic 5 SHARE VALUATION chapter 9 Valuatin: Overview When we value any asset in finance, we fllw 3 simple steps: 1) Estimate the future cash flws generated by the asset. 2) Find and apprpriate required
More informationABA Staff Analysis: Interim Rule Amending Regulation Z: Summary Information Regarding Interest Rates and Payment Changes
Summary ABA Staff Analysis: Interim Rule Amending Regulatin Z: Summary Infrmatin Regarding Interest Rates and Payment Changes September 2010 The Bard published interim rule (75 FR 58469-58489) changes
More informationMICRO GROUP EMPLOYER DOCUMENTATION REQUIREMENTS
Seattle, Washingtn 98101 MICRO GROUP EMPLOYER DOCUMENTATION REQUIREMENTS D nt cancel any existing plicies until yu receive cnfirmatin f final rates and/r acceptance f the grup by Regence BlueShield (Regence).
More informationChecking and Savings Account Application
Checking and Savings Accunt Applicatin Please use the Checking and Savings Accunt Applicatin t: Open a FREE Checking r Dividend Checking and Opt-in r Out f DCU s Overdraft Payment Service including an
More informationApproval Process and Arrangements for University Consultancy Work
Apprval Prcess and Arrangements fr University Cnsultancy Wrk 1 Intrductin Cnsultancy activities can be separated int tw types: thse undertaken in City s name (University cnsultancy) and thse undertaken
More informationLMA GUIDANCE: GDPR CORE USES INFORMATION NOTICE
LMA GUIDANCE: GDPR CORE USES INFORMATION NOTICE FEBRUARY 2018 NOTE: This guidance and the Lndn Market Cre Uses Infrmatin Ntice will be updated when the UK Data Prtectin Bill is enacted the Bill currently
More informationWhich individual health insurance plan is best for you? A Guide to assist consumers with shopping for individual health insurance
Which individual health insurance plan is best fr yu? A Guide t assist cnsumers with shpping fr individual health insurance Shpping fr 2019 Health insurance can be cnfusing, and smetimes it s hard fr cnsumers
More informationUnderstanding Loan Product Advisor s Determination of Total Monthly Debt for Conventional Loans
Understanding Lan Prduct Advisr s Determinatin f Ttal Mnthly As indicated in Freddie Mac s Single-Family Seller/Servicer Guide (Guide) Sectin 5401.2, the Brrwer's liabilities must be reflected n the Mrtgage
More informationWhat Weight Watchers needs from the company: We need a Contact at your company to serve as a liaison with Weight Watchers. o
Thank yu fr yur interest in Weight Watchers and ur At Wrk Prgram! Weight Watchers is pleased t bring this cnvenient n-site meeting pprtunity t yur cmpany. The At Wrk Prgram is the same prgram that is delivered
More informationEnding Your Membership in the Plan
Ending Yur Membership in the Plan Yu must be eligible fr a valid disenrllment perid. Yur cverage will end the first day f the mnth after we receive yur request t disenrll. When can yu end yur membership
More informationFlexible Working Policy
Our HR Plicies Flexible Wrking Plicy Aim f the plicy The Kelda Grup is cmmitted t prmting flexibility in the wrkplace and believes that this flexibility can increase mtivatin, prmte wrk-life balance, wellbeing
More informationKEY PRODUCT INFORMATION DOCUMENT CONTRACT FOR DIFFERENCES (CFD) ON FX PAIRS - SPOT
KEY PRODUCT INFORMATION DOCUMENT CONTRACT FOR DIFFERENCES (CFD) ON FX PAIRS - SPOT This is nt a marketing material. This dcument prvides yu with key infrmatin abut this prduct grup. The purpse f this infrmatin
More informationConfidence Intervals for One Population Mean. Part I
Cnfidence Intervals fr One Ppulatin Mean Part I Quick Overview Objective: T estimate the value f ne ppulatin mean Inferential statistics using statistics (e.g. sample mean) in rder t estimate parameters
More information$5,884 $16,351. Employer Health Benefits 2013 ANNUAL SURVEY. High-Deductible Health Plans with Savings Option. section
57% $16,351 Emplyer Health Benefits 2013 ANNUAL SURVEY High-Deductible Health Plans with Savings Optin sectin $5,4 2013 Sectin Eight: High-Deductible Health Plans with Savings Optin Changes in law ver
More informationFinancial Statement Analysis, (FIN-621)
Lessn-5 ACCOUNTING CYCLE/PROCESS (Cntinued) Preparing Balance Sheet frm Trial Balance: We have assumed that the first mnth i.e. July was taken up in setting up f the business and n business activity as
More informationaddress: Driver license number: Date of birth: Occupation:
MEMBERSHIP APPLICATION PRIMARY MEMBER INFORMATION Name: Scial security Member Number: Hme phne: Cell phne: Business phne: Mther s Maiden Name: Security passwrd: Mailing address: City: State: ZIP Cde: Street
More informationGrant Application Guidelines
Grant Applicatin Guidelines The prgram staff f the Cmmunity Fundatin f Greater New Britain lks frward t wrking with yu. This frm is fr rganizatins that have submitted a Letter f Intent t us and were invited
More informationFor the employees of: City and County of San Francisco Health Service System
Cmpass Critical Illness Insurance A limited benefit plicy Enrllment at a Glance An affrdable way t help prtect against the financial stress f a serius illness. Fr the emplyees f: City and Cunty f San Francisc
More informationRELATE ACCOUNTS PRODUCTION. Limited Liability Partnership (UK) Format
RELATE ACCOUNTS PRODUCTION Limited Liability Partnership (UK) Frmat The Limited Liability Partnership (LLP) frmat fllws the applicable regulatins: Limited Liability Partnership Act 2000 Limited Liability
More informationLSI Securities Litigation
Page 1 f 8 ELECTRONIC FILING INSTRUCTIONS I. Imprtant Ntes PLEASE READ In additin t these instructins, please review the details set frth in the claim frm and ntice prir t submitting claims. Electrnic
More informationStructuring Targeted Partnership Tax Allocations: Complying With IRC 704(b)
Presenting a live 90-minute webinar with interactive Q&A Structuring Targeted Partnership Tax Allcatins: Cmplying With IRC 704(b) Determining Substantial Ecnmic Effect, Distinguishing Targeted and Regulatry
More informationIntroduction to Endogenous Growth Models
Intrductin t Endgenus Grwth Mdels 55 Intrductin t Endgenus Grwth Mdels Paul Rmer s 1986 mdel and Rbert Lucas s (1988) human capital mdel. These mdels get arund the diminishing marginal returns t capital
More informationBudget Planning. Accessing Budget Planning Section. Select Click Here for Budget Planning button located close to the bottom of Program Review screen.
Budget Planning Accessing Budget Planning Sectin Select Click Here fr Budget Planning buttn lcated clse t the bttm f Prgram Review screen. Depending n what types f budgets yur prgram has, yu may r may
More informationELECTRONIC FILING INSTRUCTIONS
ELECTRONIC FILING INSTRUCTIONS IN RE VIRTUS INVESTMENT PARTNERS, INC. SECURITIES LITIGATION I. Imprtant Ntes PLEASE READ Electrnic claim submissin is available t institutins filing n their wn behalf r
More informationPLANNING FOR QUALITY CARE AND INDEPENDENCE. Why you need to plan for long-term care assistance, and what funding options are available.
PLANNING FOR QUALITY CARE AND INDEPENDENCE Why yu need t plan fr lng-term care assistance, and what funding ptins are available. PLANNING FOR QUALITY CARE AND INDEPENDENCE THE VALUE OF PLANNING AHEAD
More informationLECTURE NOTES. Chapter 14: Exchange Rates and International Monetary System. 1. The U.S. Balance of Payments Accounts
LECTURE NOTES Chapter 14: Exchange Rates and Internatinal Mnetary System 1. The U.S. Balance f Payments Accunts Balance f payment accunts: recrds ecnmic transactins between the U.S. and freign residents
More informationComplaint Outdoor & Sports Company Ltd. Vietnam
Cmplaint Outdr & Sprts Cmpany Ltd. Vietnam Status: Clsed FWF is respnsible fr setting up a cmplaints prcedure in prductin cuntries where FWF is active. The cmplaints prcedure allws third parties t make
More informationCAREVEST MORTGAGE INVESTMENT CORPORATION Directions for Completing Retraction Requests
This package is ONLY fr Class A sharehlders f. Cntents f this package (5 pages): - Instructins fr cmpleting yur retractin request - Retractin Request frm fr CareVest Mrtgage Investment Crpratin The February
More informationEOFY tax strategies for small businesses
As we apprach the end f the financial year (EOFY), there are a number f smart strategies yu culd cnsider t help yu streamline yur finances and legitimately save n yur tax bill. Insurance premiums Sme insurance
More informationSafe Harbour Interest Rates for Intra-Group Loans. 1. Safe Harbour Interest Rates for Intra-Group Loans in Swiss Francs. No.
N. 01/February 2012 Dear Sir r Madam, We are pleased t send yu the first editin 2012 f ur TaxBulletin in English. This publicatin is intended t regularly keep yu up-t-date abut current tpics and news regarding
More informationFinancial Performance Ratios
Tpics in Accunting: Financial Perfrmance Ratis The NDH Grup, Ltd. The NDH Grup, Ltd. September, 2010 Overview & Objective The accmpanying definitins fr financial perfrmance ratis have been cnsidered fr
More informationTopic 1: Introduction & Patterns of Economic Growth
GDP Tpic 1: Intrductin & Patterns f Ecnmic Grwth The market value f the final gds and services prduced in an ecnmy ver a certain perid. Measured in $ terms and NOT quantity Final gds and services (nt intermediary
More informationFoolProof Teacher Guide. Module 6. Sucker Punch
Mike Sheffer Directr f Educatin FlPrf Teacher Guide Mdule 6 Sucker Punch Lessn: An extensive lk at credit cards Time: Three 45-60 minute class perids Tw parts: pre-teach & pst-teach Due t the cntent and
More informationWhat effect will an increase in fixed costs such as rent or advertising will have on our BEP and our profits?
Chapter 3 Cst Vlume Prfit (CVP) Analysis January 24, 27, 29, 31, 2014 Fr decisin making must identify the relevant infrmatin, but als the infrmatin by classificatin (behaviur; variable vs. fixed) The Cst
More informationCommvault Systems, Inc. Securities Litigation
Page 1 f 8 ELECTRONIC FILING INSTRUCTIONS Cmmvault Systems, Inc. Securities Litigatin I. Imprtant Ntes PLEASE READ Electrnic claim submissin is available t institutins filing n their wn behalf r n behalf
More informationELECTRONIC FILING INSTRUCTIONS Commvault Systems, Inc. Securities Litigation
ELECTRONIC FILING INSTRUCTIONS Cmmvault Systems, Inc. Securities Litigatin I. Imprtant Ntes PLEASE READ Electrnic claim submissin is available t institutins filing n their wn behalf r n behalf f thers
More informationCONNECTICUT CARPENTERS HEALTH FUND COBRA CONTINUATION COVERAGE ELECTION NOTICE
CONNECTICUT CARPENTERS HEALTH FUND COBRA CONTINUATION COVERAGE ELECTION NOTICE DATE Dear : This ntice cntains imprtant infrmatin abut yur right t cntinue yur health care cverage in the Cnnecticut Carpenters
More informationLecture # 5 Applications of Supply and Demand
Lecture # 5 Applicatins f Supply and Demand I. Price Cntrls We began class discussing cases where the gvernment sets a price ceiling a maximum price fr a gd. An example is rent cntrl The figure belw shws
More informationEmployee Benefits Guide. January 1 December 31, 2019
Emplyee Benefits Guide 2019 January 1 December 31, 2019 Medical and Prescriptin Drugs Benefits are insured by: 4 Medical Plan Optins Effective January 1, 2019 Premium Netwrk HDHP 1 Nn-Premium Netwrk Nn-Netwrk
More informationHow to Count Employees Determining Group Size Under the Medicare Secondary Payer Regulations
Hw t Cunt Emplyees Determining Grup Size Under the Medicare Secndary Payer Regulatins 1. Wh is an Emplyee? An emplyee is an individual wh wrks fr an emplyer r an individual wh, althugh nt actually wrking
More informationNAVIPLAN PREMIUM LEARNING GUIDE. Set insurance goals
NAVIPLAN PREMIUM LEARNING GUIDE Set insurance gals Cntents Set insurance gals 1 Learning bjectives 1 NaviPlan planning stages 1 Client case 2 Describe the assumptins and analysis methds available fr determining
More informationELECTRONIC FILING INSTRUCTIONS LOGITECH FAIR FUND
ELECTRONIC FILING INSTRUCTIONS LOGITECH FAIR FUND I. Imprtant Ntes PLEASE READ Page 1 f 8 Electrnic claim submissin is available t institutins filing n their wn behalf r n behalf f thers as well as t claim
More informationWhere are we? Informatics 2D Reasoning and Agents Semester 2, Combining beliefs and desires. Utility theory & utility functions
Infrmatics 2D Reasning and Agents Semester 2, 2017 2018 Alex Lascarides alex@inf.ed.ac.uk Lecture 29 Decisin Making nder ncertainty 29th March 2018 Where are we? Last time... Lked at Dynamic Bayesian Netwrks
More informationAAFMAA CAP FAQs. General Questions:
Overview: AAFMAA has prvided Career Assistance Prgram ( CAP ) lans as a benefit f membership fr many years. We have cmpiled this list f Frequently Asked Questins fr yur cnvenience and t prvide yu with
More informationFAQs What does my insurance cover? What will this event cost? I don t know who my insurer is. How can I find out?
FAQs What des my insurance cver? Virtually every hme insurance plicy cvers damage caused by fire, even if the fire began n a neighburing prperty, as lng as the fire was nt started intentinally by the insured.
More informationMichaelFarrellOnline.Wordpress.Com
MichaelFarrellOnline.Wrdpress.Cm NEW IRISH GAAP BACKGROUND Under the Cmpanies Acts, cmpany directrs must prepare accunts fr the cmpany fr each financial year using either: Cmpanies Act individual accunts
More informationLECTURE NOTES. Chapter 2: Measurement of Macroeconomic Variables. 1. The National Income Accounts
LECTURE NOTES Chapter 2: Measurement f Macrecnmic Variables 1. The Natinal Incme Accunts Natinal accunts: (1) prductin side and (2) incme side Incme side measures the prceeds f the prductin side. Prductin
More information2. Expenditure Method GDP=Expenditure Y=C+I+G+NX
Lecture 1: Measuring Macrecnmic Perfrmance Evaluating Macrecnmic Perfrmance 1. Rising Living Standards: Tendency fr the level f utput (quantity and quality f gds and services) t increase ver time. a. Output
More informationAAFMAA CAP FAQs. Q: What are the requirements for a CAP loan? A: The following items are required to receive a CAP Loan: Eligible military status: o
Overview: AAFMAA has prvided Career Assistance Prgram ( CAP ) lans as a benefit f membership fr many years. We have cmpiled this list f Frequently Asked Questins fr yur cnvenience and t prvide yu with
More informationDecember 2017 Food and Drink Future Workforce Projections
December 2017 Fd and Drink Future Wrkfrce Prjectins Backgrund Fllwing n frm Breaking the Chain, ur submissins t the Migratin Advisry Cmmittees (MAC) call fr evidence and subsequent discussins with the
More informationSuperannuation contributions tax ruling Tax deductibility of superannuation contributions
July 2011 Technical Bulletin Superannuatin cntributins tax ruling Tax deductibility f superannuatin cntributins Wh is impacted? As a result f tax ruling 2010/1 yur clients can n lnger claim a tax deductin
More informationIntegrated equote Practical Exercise Staff Augmentation
Integrated equte Practical Exercise Staff Augmentatin Scenari: Create an Integrated equte fr Staff Augmentatin. In this scenari, yu will create a new integrated equte fr practice. Yu will have the pprtunity
More informationQ1' FY16 Q1' FY17 Y/Y Chg Sales $ 4,600.8 $ 4,173.4 $ (427.4) Gross Profit $ $ $ (37.8) Gross Profit Margin 12.2 % 12.
$ in millins - except per share data Octber 1, 2016 CFO Review f Fiscal 2017 First Quarter Results Discntinued Operatins On September 19, 2016, Avnet, Inc. annunced that it had entered int an agreement
More informationSt. Paul s Lutheran Grade School Tuition Agreement Form
St. Paul s Lutheran Grade Schl Tuitin Agreement Frm Schl Year: 2017-2018 2017-18 tuitin schedule is listed n the bttm f this dcument. St. Paul s Lutheran Grade Schl strives t prvide an envirnment cnducive
More informationInformation Package CAFETERIA 125 PLANS
Infrmatin Package CAFETERIA 125 PLANS Shaffer Insurance Services, Inc. Benefits Divisin 902 E. Ave Q-9 Palmdale Ca. 93550 Tll Free (866) 412-5872 Office Tel (661) 575 9331 Fax (661) 280 2016 Sectin 125
More informationConfidence Intervals for One Population Mean
Cnfidence Intervals fr One Ppulatin Mean Chapter 8 Ala Abdelbaki Quick Overview Objective: T estimate the value f ne ppulatin mean Inferential statistics using statistics in rder t estimate parameters
More informationDetails of Rate, Fee and Other Cost Information
Details f Rate, Fee and Other Cst Infrmatin Accunt terms are nt guaranteed fr any perid f time. All terms, including fees and APRs fr new transactins, may change in accrdance with the Credit Card Agreement
More informationGrant Application
120 East Jnes Street, Suite 110, Santa Maria, CA 93454 26 West Anapamu Street, Santa Barbara, CA 93101 ymc@fundfrsantabarbara.rg www.fundfrsantabarbara.rg 2018-2019 Grant Applicatin Yuth Making Change
More informationNEWPORT-MESA UNIFIED SCHOOL DISTRICT
NEWPORT-MESA UNIFIED SCHOOL DISTRICT BELIEVE IN YOURSELF. WE DO. Cigna FAQ Belw please find details and frequently asked questins regarding the Cigna Netwrk (HMO), St. Jseph Hag Health (SJHH) Select Netwrk
More informationKEY BENEFIT ADMINISTRATORS. Understanding and Applying the Employer Shared Responsibility Requirements
KEY BENEFIT ADMINISTRATORS Understanding and Applying the Emplyer Shared Respnsibility Requirements Understanding and Applying the Emplyer Shared Respnsibility Requirements Key Benefit Administratrs Nvember
More information