Question 1 (2 points)

GDP: Up 1% from last year

CPI: Up 4% from last year

Unemployment: 6% unemployed

Question 1 options:

Strong

Ok/Stable

Weak

Question 2 (2 points)

GDP: Up 2% from last year

CPI: Up 3% from last year

Unemployment: 5% unemployed

Question 2 options:

Strong

Ok/Stable

Weak

Question 3 (2 points)

GDP: Up 9% from last year

CPI: Up 1% from last year

Unemployment: 3.5% unemployed

Question 3 options:

Strong

Ok/Stable

Weak

Question 4 (2 points)

GDP: No change from last year

CPI: Up 10% from last year

Unemployment: 9% unemployed

Question 4 options:

Strong

Ok/Stable

Weak

Question 5 (2 points)

GDP: Up 6% from last year

CPI: No change from last year

Unemployment: 2% unemployed

Question 5 options:

Strong

Ok/Stable

Weak

Question 6 (2 points)

GDP: Up 15% from last year

CPI: -2% from last year

Unemployment: 1% unemployed

Question 6 options:

Best Economy Ever!

Ehh...

Weak Sauce

Question 7 (2 points)

GDP: Down 14% from last year

CPI: Up 14% from last year

Unemployment: 14% unemployed

Question 7 options:

Strong

Ok/Stable

Economy is collapsing, Run Away

Question 8 (2 points)

GDP: -3% from last year

CPI: Up 12% from last year

Unemployment: 8% unemployed

Question 8 options:

Strong

Ok/Stable

Weak

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a. in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b. if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e. g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?