(c) Merely establishing dumping, that is, the average selling price in Japan is higher thanthe average selling price in the U.S., is not useful from the perspective of a tradenegotiator - one needs to establish a margin of dumping. To see if the margin of dumpingis at least one hundred dollars, test the null hypothesis that the average U.S. selling priceis hundred dollars less than the average Japanese selling price versus the appropriatealternative hypothesis. Calculate the test statistic up to five places of decimals and findthe p-value.HO: μ2 = μ1 -0.1Ha: μ2 < μ1 -0.1 In recent years, the United States and Japan have engaged in intense negotiationsregarding restrictions on trade between the two countries. One of the claims maderepeatedly by U.S. officials is that many Japanese manufacturers price their goods higherin Japan than in the United States, in effect subsidizing low prices in the United States byextremely high prices in Japan. According to the U.S. argument, Japan accomplishes thisby keeping competitive U.S. goods from reaching the Japanese marketplace. In tradeparlance, this practice of subsidizing the discounted price charged in an open market bycharging a premium price in a captive market is known as dumping.An economist decided to test the hypothesis that higher retail prices are being charged forJapanese automobiles in Japan than in the United States. She obtained independentrandom samples of 50 retail sales in the United States and 50 retail sales in Japan overthe same time period and for the same model of automobile, and converted the Japanesesales prices from yen to dollars using current conversion rates. The data, in thousands ofdollars, is recorded in the file AutoStudy.xlsx.USA Mean: 16.596USA Standard Deviation: 1.98144Japan Mean: 17.236Japan Standard Deviation: 1.974093

Let X1 be the selling price for the USA. X2 is the selling price for Japan. Given that, n1=number of…

Answered: negotiator - one needs to establish a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries. One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan. According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.            Automobile Retail Prices (thousands of dollars) USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8 18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2 18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0 17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4 16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales:…
In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries. One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan. According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.            Automobile Retail Prices (thousands of dollars) USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8 18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2 18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0 17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4 16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales:…
In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries. One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan. According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.            Automobile Retail Prices (thousands of dollars) USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8 18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2 18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0 17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4 16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales:…
In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries. One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan. According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace. Automobile Retail Prices (thousands of dollars) USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8 18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2 18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0 17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4 16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales:…
With its new global mobile phone service, Ultra Mobile offers the following price schedule: Your first 10 minutes each day cost 25 cents per minute All minutes after that are just 10 cents per minute • There are no additional charges, and no contract to sign or fixed monthly fees. If Peter's demand for global phone minutes is P = 20 -4Q, where P is in cents per minute and Q is in minutes per day, what is Peter's daily consumer surplus? O 2.5 O 12.5 O 25 O 50
The SweetTooth Candy Company knows it will need 10 tons of sugar six months from now to implement its production plans. The company has essentially two options for acquiring the needed sugar. It can either buy the sugar at the going market price when it is needed, six months from now, or it can buy a futures contract now. The contract guarantees delivery of the sugar in six months but the cost of purchasing it will be based on today’s market price. Assume that possible sugar futures contracts available for purchase are for five tons or ten tons only. No futures contracts can be purchased or sold in the intervening months. Thus, SweetTooth’s possible decisions are to (1) purchase a futures contract for ten tons of sugar now, (2) purchase a futures contract for five tons of sugar now and purchase five tons of sugar in six months, or (3) purchase all ten tons of needed sugar in six months. The price of sugar bought now for deliv- ery in six months is $0.0851 per pound. The transac- tion…
6. The sales director of a manufacturing company expccts to sell 50,000 units of product A. The production manager presented following figures: Product A needs raw materials, X and Y. Each unit of the product requires 2 units of X and 1 unit of Y. The estimated opening balances of the next year are: Product A - 12,000 units, X - 15,000 units, Y - 10,000 units. The firm wants following closing balances at the end of the next year are: Product A - 10,000 units, X - 11,000 units, Y - 14,000 units. Prepare a Material Purchase Budget for the next year.
A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. The executive's employer has offered to buy the house for $205,000, but the offer expires at the end of the week. The executive does not currently have a better offer but can afford to leave the house on the market for another month. From conversations with her realtor, the executive believes the price she willl get by leaving the house on the market for another month is uniformly distributed between $200,000 and $220,000. (a) If she leaves the house on the market for another month, what is the mathematical expression for the probability density function of the sales price? Let x = sales price. $200,000 s xS $220,000 f(x) = elsewhere (b) If she leaves it on the market for another month, what is the probability she will get at least $215,000 for the house? (c) If she leaves it on the market for another month, what is the probability she will get less than $205,000? (d) Should the…
3
If the daily availability of M1 and M2 are 30 tonnes and 12 tonnes respectively in the Reddy Mikks problem, what would be their shadow prices?
A Japanese electronics company and an Americanelectronics company are both considering working ondeveloping a superconductor. If both companies work onthe superconductor, they will have to share the market, andeach company will lose $10 billion. If only one companyworks on the superconductor, that company will earn $100billion in profits. Of course, if neither company works onthe superconductor, then each company earns profits of $0. a Formulate this situation as a two-person nonconstant-sum game. Does the game have any equilibrium points? b Now suppose the Japanese government offers theJapanese electronics company a $15 billion subsidy to work on the superconductor. Formulate the reward ma-trix for this game. Does this game have any equilibrium points?c Businesspeople have often said that a protectionist attitude toward trade can increase exports, but econo-mists have usually argued that it will reduce exports. Whose viewpoint does this problem support?
Telefonika is a telecommunication company, located in the Accra Mall, selling mobile phones and accessories. Most of their new phones are ordered. But, Telefonika stocks three main phones for walk-in customers. Every week, they generate profit of GH¢600 from selling Galaxy S2, GH¢400 from Galaxy S3 and GH¢300 from Galaxy S4. The overall weekly cost of these types of phones are GH¢1,800, GH¢2,100 and GH¢1,200 respectively. This week, Telefonika has a budget of GH¢12,000 available to buy these three types of phones. During sales, each phone type must be unpacked, leading to 8 hours of unpacking time for S2 phones, 12 hours for S3 phones and 16 hours for S4 phones. The manager estimates that he and his workers have 120 labour hours available to unpack the three types of phones. Telefonika has enough space to order 20 phones this week. The manager also wants to stock at least twice as many S4 as S2 and S3 phones because S4 phones sell better.a) Formulate a linear programming model for this…

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