After the birth of her son, Ilona maintains a healthy lifestyle. Given the change of circumstances, she and her husband decide to work towards a second child. She discusses the situation with her doctor, and they decide to switch her to another anti-epileptic medication as monotherapy. Her doctor warns her though that any rash should be report immediately after prescribing her the new monotherapy.

d. Explain how you would switch her to another drug, and which drug was prescribed. Justify your selection of the drug.

In 2019, Elaine paid $2,640 of tuition and $920 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband.

What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.)

a. Elaine’s AGI is $83,000.

b. His AGI is $423,600.

c. His AGI is $427,700, and his daughters are ages 10 and 12.

Mary Beth plumber calls the medical clinic where you are employed to make an appointment for her 80-year-old husband Jim. Jim has been complaining of shortness of breath and fatigue Mary Beth has noticed prominent pulsations in the artery in his neck she also reports that his ankles tend to swell.

1. How soon will you set the requested appointment? identify the reason.
2. Is age a factor in Jim's condition explain
3. what dietary restrictions if any might be recommended for Jim

Blue Diaper Syndrome:

Gloria adores her nephews Will and Charlie, who have an unusual inherited condition. Because of abnormal transport of the amino acid tryptophan across the small intestinal lining, bacteria act on urine precursors to produce a compound that turns indigo blue upon contact with the air. Will's wet diapers turn blue! By the time the couple had Charlie, they were accustomed to the blue urine.

The family doctor assured Gloria and her nephews' parents, Gloria's sister Edith and her husband Archie, that other relatives needn't worry about recurrence. She explained that it is autosomal recessive and affected Will and Charlie because Edith and Archie are carriers. The condition hadn't appeared in previous generations, and likely wouldn't again, unless Edith and Archie had more children, each of whom faced a 25 percent chance of inheriting the trait. So Gloria and her husband Michael are quite surprised when their fraternal twins Marshall and Joey each produced blue diapers!

Part 1: What error did the physician make?

Part 2: Draw a pedigree for this extended family, indicating their unusual disorder.

Part 3: Gloria and Edith wonder if their grandsons will inherit blue diaper syndrome. Will they? Why or why not?

Part 4: The blue diaper phenotype is likely to be darker after the baby eats food containing a lot of______.

The demand function for iPhone is Q(p) = 100 – P and the cost function is C(Q) = 5Q. Apple initially sets the price of iPhone to be p1; after one-year Apple lowers the price to p2. Suppose the price decrease is not anticipated by the consumers. The number of consumers buying the iPhone at p1 is q1, and the amount buying at p2 is q2, where q1=Q(p1) and q1+q2=Q(p2). Find the profit-maximizing p1 and p2 and the corresponding q1 and q2 as well as the consumer’s surplus and Apple’s profit. This is form of second-degree price discrimination.

The marketing department of Acme Inc. has estimated the following demand function for its popular carpet deodorizer, Freshbreeze:

Q^D = 100 -5p

where Q is the quantity of an 8 oz box sold (in thousand units) and p the price of an 8 oz. box.

1. Calculate the point price elasticity of demand E^D for price, $1, 2,3,……$19.

2. Describe the pattern of price elasticity of demand that you have calculated along the demand curve. (Include your brief explanation)

3. Have a graph including the demand curve.

We consider a zero-coupon bond with a maturity of 10 years, face value of CHF 100 million and YTM of 10%.

Question:

1. Compute the price of the bond and its modified duration (sensitivity).

2. How does the price of the bond change when the YTM decreases to 9%? Compute the change by using the sensitivity and the direct price calculation and justify the differences.

3. Compute the convexity of the bond. Compute the change in the price of the bond when the YTM decreases to 9% while taking into account the convexity. Compare your results to the ones in question and justify the differences.