MATH 533 Applied Managerial Statistics Entire Course

MATH 533 Applied Managerial Statistics Entire Course in $111 Only (Instant Download)MATH 533 Applied Managerial Statistics Entire Course

Sample Answer Given Below

MATH 533 Week 1
MATH 533 Week 1 Homework Problems (MyStatLab)
MATH 533 Week 1 Graded Discussion Topics
MATH 533 Week 1 Data Organization and Analysis – Quiz

MATH 533 Week 2
MATH 533 Week 2 Homework Problems (MyStatLab)
MATH 533 Week 2 Graded Discussion Topics
MATH 533 Week 2 Course Project – Part A (SALESCALL Inc.)

MATH 533 Week 2 QuizMATH 533 Week 3
MATH 533 Week 3 Homework Problems (MyStatLab)
MATH 533 Week 3 Graded Discussion Topics

MATH 533 Week 3 Quiz

MATH 533 Week 4
MATH 533 Week 4 Homework Problems (MyStatLab)
MATH 533 Week 4 Graded Discussion Topics

MATH 533 Week 4 Quiz

MATH 533 Week 5
MATH 533 Week 5 Homework Problems (MyStatLab)
MATH 533 Week 5 Quiz 1 & 2
MATH 533 Week 5 Graded Discussion Topics

MATH 533 Week 6
MATH 533 Week 6 Homework Problems (MyStatLab)
MATH 533 Week 6 Graded Discussion Topics
MATH 533 Week 6 Course Project – Part B (SALESCALL Inc.)

MATH 533 Week 6  Quiz

MATH 533 Week 7
MATH 533 Week 7 Course Project – Part C (SALESCALL Inc.)
MATH 533 Week 7 Graded Discussion Topics

MATH 533 Week 7  Quiz

MATH 533 Week 7 Final Exam Practice

MATH 533 Week 8 Final Exam Answers

  1. MATH 533 Week 8 Final Exam Set 1
  2. MATH 533 Week 8 Final Exam Set 2
  3. MATH 533 Week 8 Final Exam Set 3
  4. MATH 533 Week 8 Final Exam Set 4

Sample Answer: MATH 533 Week 1 Data Organization and Analysis – Quiz

Question: (TCO A) There is an increase in the cost of materials for producing bicycles.
(4 pts.) What happens to bicycle supply?
(6 pts.) What happens to bicycle demand?
Your Answer: What happens to bicycle supply? When prices of materials required for unit production increase we will see a shift in the entire supply curve because costs of resources is one of the six detriments of supply. In this case as prices of materials increase the entire supply curve will shift to the left indicating that it will now cost more than it did before to achieve the same number of outputs. As this happens average costs of production increase as does marginal cost. What happens to bicycle demand? When prices of materials increase this in it of itself does not impact demand or the demand curve will not shift. However, now that the supply curve has shifted to the left due to higher production prices firms might not be as willing to produce as many units as before so supply will fall. When supply declines and demand remains the same then prices will rise which in turn might decrease demand. Supply and Demand are always interacting with each other so in this case demand will likely respond to the shift in supply.
Instructor Explanation: Since a change in costs to produce the product is a supply factor, an increase in costs would be expected to decrease bicycle supply.  Remember that supply is a schedule of how many units suppliers are willing to offer at different prices.  When costs rise, the supply curve decreases or shifts to the left. 
Since changes in producer costs is not a demand factor, there would be no impact on demand.
 
Points Received: 10 of 10
Question: (TCO A)  The number of corn producers increases.
(4 pts.) What happens to the supply of corn?
(6 pts.) What happens to the demand for corn?
Your Answer: What happens to the supply of corn? The number of sellers in a given market represents one of the six detriments of supply. In the case of the corn market if everything is held constant and the number of supplier’s increases then the supply of corn on the market will also increase. This is represented graphically as the supply curve shifts to the right meaning that more corn will be offered for sale at every price. If demand remains constant than the increase in supply will likely lower prices and depending on the willingness of the suppliers to produce and sell at a lower price it might create a new equilibrium or clearing price. What happens to the demand for corn? Since supply and demand together determine the prices and quantities of goods bought and sold demand will likely change as supply changes. There is usually some sort of time lag from changes in supply resulting in changes in demand. If demand remains the same and there is more supply on the market then this will result in a surplus. Thus overtime producers will react to this surplus by reducing supply.
Instructor Explanation: The supply of corn would increase, or shift to the right. The number of suppliers is obviously a supply factor, so the more suppliers thare are, the larger would be the supply.
The demand for corn remains the same as before because the number of suppliers is a supply factor, not a demand factor.
 
Points Received: 10 of 10
Comments: Sound argument… but watch out for QD vs. D

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