1. What is the Marginal Revenue at a quantity of 5?

2, What is the Marginal Cost at a quantity of 7?

3. Using the MR-MC rule, what is the profit maximizing quantity this firm should produce?

4. How much profit do they make at this quantity?

1. What is the Marginal Revenue at a quantity of 5?

2, What is the Marginal Cost at a quantity of 7?

3. Using the MR-MC rule, what is the profit maximizing quantity this firm should produce?

4. How much profit do they make at this quantity?

Explain in 200 words the relationship between Openness and economic development by calculating the correlation coefficient between GDP per capita (proxy for economic development) and Openness for Paraguay and Poland, respectively.

Historically, the average score of PGA golfers for one round is 74 with a standard deviation of 3.91. A random sample of 110 golfers is taken. What is the probability that the sample mean is between 73.63 and 74?

Question 2 options:

The national association of realtors estimates that 23% of all homes purchased in 2004 were considered investments properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that between 175 and 200 homes are going to be used as a investment property?

2.   Calculate Mean Absolute Error ( MAD) for the data in question 1 for the three     methods used. Round MAD to two decimal places. ( 4 marks)

What does MAD measures? which of these three forecasting methods provides better forecast of the revenue data ? ( 2 mark)

On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:

The $35,000 beginning balance of inventory consists of 350 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions:

The following information is available on January 31, 2021.

1. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each.
2. The company estimates future uncollectible accounts. The company determines $4,500 of accounts receivable on January 31 are past due, and 40% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.)
3. Accrued interest expense on notes payable for January. Interest is expected to be paid each December 31.
4. Accrued income taxes at the end of January are $12,800.

I ONLY NEED HELP WITH A-D (all of the January 31st journal entries plus recording the closing entry for revenue and expenses.

Suppose you work at a local state hospital. In 2015, the infectious disease department of the hospital was operating at max capacity. Your supervisor has given you the job of presenting to the hospital leadership board about the number of patients who contracted infections while at 30 different hospitals in your state in 2015. The board will use your findings to make informed decisions about possible expansion of the infectious disease department. You will review the data, create visuals for the data, and create a presentation for the hospital leadership board to help with the decision.