Homework Answers

Explain in a paragraph the economic meaning of the HR business cycle based on the give-to-get economic duality?

Explain in a paragraph that many organizations use HR data analytics to hire potential employees to avoid hiring unqualified employees. What is your opinion that HR data analytics is an excellent approach to improve hiring efficiency in a paragraph?

Using the reconciliation of the hatch total to avoid payroll errors. Would you explain in a paragraph what is hatch total and how this approach works?

1During the winter of 2004–2005, wholesale gasoline prices rose rapidly. Although retail gasoline prices increased, retailers’ profit per gallon fell. The difference between price and average variable cost for self-serve regular gasoline averaged RUPEES 7.7 a CRORE in the first quarter of 2005 compared with 9.1CRORE for all of 2004. In addition, many gasoline retailers exited the market.

A)Show how an increase in wholesale gasoline prices affects the individual retailer’s marginal cost and supply curves. 

B) Show how shifts in the individual retailer’s supply curves affect the market supply curve.

C)Show and explain why an x per gallon increase in wholesale gasoline prices results in a retail market price increase that is less than x.

d. Identify the effect of wholesale gasoline price increases on the profit margins of an individual gasoline retailer. 

E)Why has the increase in wholesale gasoline prices prompted many gasoline retailers to exit the market?

Exercise 1.4 Output and income are in equilibrium when planned expenditures AE are equal to national income, Y, in other words, meaning Y = AE. (a) Suppose the AE function is AE = 165 + 0.8Y. Draw a diagram showing the aggregate expenditure function. (b) In your diagram draw the 45◦ line that shows all points at which national income and aggregate expenditures are equal (Y = AE) (c) Using your diagram, or a numerical example, or an algebraic solution, find equilibrium output and income in this example and show it in the diagram.