# Consider the pooling strategy Fg, Fb, where both types have fun. 1) If anticipating this strategy, what are the employer’s beliefs after the signal of F? That is, what is p(g|F)—you do not need to worry about their beliefs following education, since it is off-path. 2) What strategy should the employer choose in response to F? 3) Is Fg, Fb a best reply for both worker types if the employer plays this optimal strategy in response to F, and also hires following education (hE)? 4) What if the employer does not hire after education (∼hE)?

If I am a employer of fb,my strategy will be that I will hire machine learning engineer to solve automation problem,I will give them skills if employer don't hire after education.

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Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) 12 sq ft. \$ 0.83 per sq. ft. \$ 9.96 Direct labor 0.25 hr. \$ 10.50 per hr. 2.62 Variable manufacturing overhead (based on direct labor hours) 0.25 hr. \$ 2.20 per hr. 0.55 Fixed manufacturing overhead \$345,800 ÷ 910,000 units) 0.38 Parker Plastic had the following actual results for the past year: Number of units produced and sold 1,040,000 Number of square feet of plastic used 11,400,000 Cost of plastic purchased and used \$ 9,120,000 Number of labor hours worked 308,000 Direct labor cost \$ 3,449,600 Variable overhead cost \$ 689,000 Fixed overhead cost \$ 365,000 Required: Calculate Parker Plastic’s direct materials price and quantity variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Direct Material Price Variance = (Actual price - standard price) x actual quantity purchased

Direct Material Price Variance = (\$0.80 - \$0.83) x 11400000 = \$342000 (F)

Actual Price = \$9120000 / 11400000 = \$0.80

Direct Material Quantity Variance = (Actual quantity - standard quantity) x Standard Price

Direct Material Quantity Variance = (11400000 - 12480000) x \$0.83 = \$896400 (F)

Standard Quantity = 1040000 x 12 = 12480000

The direct materials price variance is \$342,000 unfavorable and the direct materials quantity variance is \$9,351,200 favorable.

### Explanation:

To calculate Parker Plastic's direct materials price variance, we need to compare the standard price per unit of direct materials with the actual price per unit. The formula for calculating the price variance is (Actual Price - Standard Price) * Actual Quantity.

Using the given information, the actual price per unit is \$0.80 per sq. ft, so the price variance is (\$0.80 - \$0.83) * 11,400,000 sq. ft = \$342,000 U.

To calculate the direct materials quantity variance, we need to compare the standard quantity per unit of direct materials with the actual usage. The formula for calculating the quantity variance is (Actual Quantity - Standard Quantity) * Standard Price.

Using the given information, the actual usage is 11,400,000 sq. ft, so the quantity variance is (11,400,000 - 1,040,000) * \$0.83 = \$9,351,200 F.

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Which of the following changes would increase structural unemployment? Select one: a. An increase in the speed that firms and potential workers exchange information
b. A recession caused by a drop in total spending
c. A decrease in the minimum wage
d. Increased globalization that moves the economy from a manufacturing-based economy to a more service-based economy

Option D

Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.

Explanation:

Option D

Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.

As manufacturing will decrease, the number of jobs will decrease drastically because the number of industries will become small.

Cheap Money Bank offers your firm a discount interest loan at 8.25% for up to \$25 million and, in addition, requires you to maintain a 15 percent compensating balance against the amount borrowed. What is the effective annual interest rate on this lending arrangement?

10.75%

Explanation:

The computation of the effective annual interest rate is shown below:

= Interest  ÷ total net amount available

where,

Total net amount available would be

= Loan amount - Loan amount × interest rate - loan amount × compensating percentage

= \$25,000,000 - \$25,000,000 × 8.25% - \$25,000,000 × 15%

= \$25,000,000 - \$2062,500 - \$3,750,000

= \$19,187,500

And, the interest would be \$2,062,500

Now put these values to the above formula

So, the rate would equal to

= \$2,062,500 ÷ \$19,187,500

= 10.75%

Making an intentional omission of material fact when recommending a security to a ustomer would be considered fradulent if:__________.

A reasonable man would attach decision making important to the omitted information.

George has been selling 5,000 T-shirts per month for \$8.50. When he increased the price to \$9.50, he sold only 4,000 T-shirts. Which of the following best approximates the price elasticity of demand? -2.2 -1.8 -2 -2.6 Suppose George's marginal cost is \$5 per shirt. Before the price change, George's initial price markup over marginal cost was approximately . George's desired markup is . Since George's initial markup, or actual margin, was than his desired margin, raising the price was .

Answer: George's initial price markup over marginal cost was approximately 41.2% George's desired markup is 45% Since George's initial markup, or actual margin, was Less than his desired margin, raising the price was profitable

Explanation:

a) Price Elasticity of Demand = [(Q1-Q2)/(Q1+Q2)] / [(P1-P2)/(P1+P2)]

= 5000- 4000/4000+ 5000) /  8.50- 9.50 /8.50 ₊9.50 =

1000/8000 / -1/ 18 = 0.125/-0.055  = -2.2

George's initial price markup over marginal cost was approximately

when Marginal cost = \$5

b)initial price markup  = Price - marginal cost / price = 8.50 - 5.00/ 8.50 =   0.412=  41.2%

C) George's  desired margin = 1/absolute value of price elasticity = 1/ 2.2= 0.45= 45%

.

D)Since George's initial markup or actual margin was less  than his desired margin, raising the price is profitable.

This is because When the  markup is lower than the margin,  business is running on a loss, so it is nessesary to increase price.

The price elasticity of demand for George's T-shirts is approximately -1.7, indicating that demand is elastic. The initial markup over the cost price was 70%, but the question doesn't specify the desired markup or if raising the price satisfied that margin.

### Explanation:

The price elasticity of demand measures how sensitive the quantity demanded is to a price change. It's calculated as the percentage change in quantity demanded divided by the percentage change in price. In George's case:

•
• Initial quantity: 5000 T-shirts
•
• New quantity: 4000 T-shirts
•
• Initial price: \$8.50
•
• New price: \$9.50

So, the percentage change in quantity = (4000-5000)/5000 = -20% and percentage change in price = (\$9.50-\$8.50)/\$8.50 = 11.76%. Therefore, price elasticity of demand = -20%/11.76% = -1.7 (approx.). This indicates that the demand is elastic, meaning quantity demanded is sensitive to price changes.

Regarding the price markup, this is the percentage increase over the cost price. The initial markup = (\$8.50-\$5)/\$5 = 70%. The question didn't specify the desired markup, or if raising the price satisfied the desired margin.

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Potential effects of departmental performance reports on employee behavior include all of the following except: Including indirect expenses can lead to a manager being more careful in using service department's costs. Using budgeted service department costs insures that operating departments are not held responsible for excessive service department costs. Including uncontrollable costs can serve to improve a manager's morale.