Please respond to the following:
Reactor and separator prices are given by the formula price = k ? (FT )0.6 where k is a constant and FT is the flow through the unit in kg/day.
Operating costs for reactor and separators are given by the formula operating cost = c ? FT with units being $/year.
All economic parameters – equipment prices, operating costs, chemical prices, and disposal cost – are constant. The process operates 365 days/year. Equipment purchase costs are paid in Year 0. The plant is assumed to be operated at 50% capacity in Year 1 and 100% starting from Year 2. Operating costs are paid and Revenue from P sales is received at the end of each year. Your goal is to achieve the highest Internal Rate of Return (IRR) at the end of Year 10 by using the Net Present Value method (NPV = 0).
Attachments:
.0001pt;text-align:
justify;line-height:150%;tab-stops:40.5pt”>.0001pt; line-height: 150%;”>Question-1:
Suppose that you have been hired as an Economic Researcher by OPEC and given the following schedule
showing the world demand and supply for oil:(5
marks)
Price (P) ($/barrel)
Quantity Demanded (Qd)
(millions of barrels/day)
Quantity Supplied (QS)
(millions of barrels/day)
10
60
20
20
50
30
30
40
40
40
30
50
50
20
60
Answer
the following questions: a.
At
what price, the oil market will be in equilibrium situation? b.
If
OPEC produces 50 million of barrels/day, calculate its Total Revenue (TR)? c.
If
the price of oil rises from $40 to $50 per barrel, what will be the Total
Revenue (TR) from oil sales? Also mention either TR will increase or decrease?d.
When
the price changes from $30/barrel to $40/barrel, calculate Price Elasticity of Demand (Ed)?e.
When
the price changes from $30/barrel to $40/barrel, calculate Price Elasticity of Supply (Es)?Question-2:Define the Law of
Supply? Keeping in view the Law of Supply, how the following
factors will shift the supply curve?
(Each answer must be supported by a neat diagram):
(2 + 8 = 10 marks) a.
If costs of raw material increases in the plastics industry;b.
If new technology is introduced
in the automobile manufacturing;c.
If OPEC decides to reduce oil
prices in the Gulf Region;d.
If government introduces some
new taxes in the construction sector.Question-3:Define and explain ‘Law of Diminishing Returnswith the
help of diagram. What are the different stages of production in the short run? (5+5 =10
marks)Question-4:Define and explain ‘Price Discrimination (PD)’with the
help of diagram. Also give examples of Price Discrimination from the real
world? (5+5 = 10
marks)Question-5:
(2+2+2+2+2+2+3 = 15 marks)Suppose the
quantity demanded of good (Qd) depends only on the price of the good
(P), monthly income (M), and the price of a related good R (PR):.0/msohtmlclip1/01/clip_image002.png”>a. Construct the demand curve for the good when M = $1,000 and PR = $5.
The equation for demand isQd
= ________________________b. Interpret
the intercept and slope parameters for the demand equation in part a.c. Let income
decrease to $950. Construct the new demand curve. This good is _____________________
(normal, inferior). Explain using your graph.d. For the
demand curve in part c, find the
inverse demand function:P =
_____________________.e. Let
the price of good R increase to $6 (income remaining at $950). Construct the
new demand curve. Good R is a _______________________ (substitute, complement)
good. Explain using your graph.f. For
the demand curve in part e, find the
equilibrium price and quantity when supply function is as under;
.0/msohtmlclip1/01/clip_image004.png”>PE =
____________ and QE = ____________g. Construct the supply curve and verify your answer by showing
equilibrium price and equilibrium quantity graphically.
Frisco Property Management is a hypothetical company that manages a large number rental properties in the northern suburbs of Dallas. The company is outfitting a new administrative office and needs to select a safe to store important documents. In working with their sales rep from Dallas Safe Company, they have been presented with the following 4 options:
|
Brand |
Cost |
Fire Rating |
Capacity |
Lock Quality |
|
Superior Safe |
$1,200 |
4 hours |
12 cubic feet |
High (80) |
|
Haddon Safe |
$1,000 |
3 hours |
10 cubic feet |
Medium (50) |
|
Ft. Knox Safe |
$1,600 |
6 hours |
12 cubic feet |
Very high (100) |
|
Safeco Safe |
$800 |
2 hours |
9 cubic feet |
Low (20) |
|
Smart Safe |
$1,000 |
4 hours |
9 cubic feet |
High (80) |
Note that relative rank values for the subjective attribute of lock quality have been assigned.
The manager responsible for the decision has assigned the following rank values to each attribute:
1 Fire rating (longest to shortest)
2 Lock quality (highest to lowest)
3 Cost (least expensive to most expensive)
4 Capacity (highest to lowest)
Questions:
1. Using SMARTER, compute the aggregate benefit score for each option
2. By taking into account the cost of each safe, determine which safe lies on the efficient frontier. Explain the significance of this term.
3. SMARTER is based on the “principle of heroic approximation.” Explain how this principle applies to your analysis of the problem and discuss whether you think it is appropriate.
4. Fire rating is particularly important if the safe contains paper documents that could suffer irreparable loss if destroyed or waterlogged in the event of a fire. Suppose, however, that the building had a top-of-the-line dry chemical fire suppression system. If the Fire Rating were changed to the least important criteria, how would your recommendation change?
Prepare a table in an MS Word document. The main heading is “Motivating Operations and Discriminative Stimuli.” Then make two columns under that heading. Label the left column “How They Are Alike.” Label the right column “How They Differ.” Fill in the table with your analysis.
Below the table, identify and describe three real situations from your environment or experience. Identify the relevant antecedent variables and explain how they operate as either a motivating operation or a discriminative stimulus.
Carefully edit your assignment. When you are satisfied with your work, submit it to your instructor in the assignment area.
Writing Requirements
To achieve a successful assignment experience and outcome, you are expected to meet the following requirements:
Written communication:
Text should be free of errors that detract from the overall message.
Paper should be double-spaced with one-inch margins
Please use the grammar and spelling checks available in Microsoft Word.
Font: Times New Roman, 12 points. Use underlining, italics, and bold highlights sparingly.
Length of paper:
Paper should be 3–4 pages in length (750–1000 words), excluding the title page and reference page.
Preparing an outline of your key points and related comments before constructing your document may be helpful in organizing your content.
Practice the correct use of the ABA terminology that you have learned, where appropriate.
Carefully edit to remove out-of-place or extraneous content. The final product should clearly communicate your points in a concise and efficient manner. This is an important skill to practice for becoming an effective behavior analyst. Remember that others (for example, teachers, parents, caretakers, and managers) often will have only a few precious minutes or seconds to hear or read your comments.
List of references: Include at least one reference from a professional journal or text, Web site, or other resource. In later assignments, you may be directed to provide additional references or information.
APA format: The paper (including references) should be formatted according to APA (6th edition) style and formatting guidelines.
To paraphrase Benjamin Disraeli: “There are lies, darn lies, and DAM STATISTICS.” Compute the mean, median and mode for the following DAM STATISTICS: Name of Dam Height Oroville dam 756 ft. Hoover dam 726 ft. Glen Canyon dam 710 ft. Don Pedro dam 568 ft. Hungry Horse dam 564 ft. Round Butte dam 440 ft. Pine Flat Lake dam 440 ft.
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How is the circulatory system of reptiles characterized? What is the basic difference between the heart of reptiles and amphibians?
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