Questions
1.A single-price monopolist is a monopolist that sells each unit of its output for the same...

1.A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. At its profit-maximizing output level, the single-price monopolist produces where price is ___________ than marginal cost because for it price is __________ than marginal revenue and its demand curve lies __________ its marginal revenue curve.

less; less; below

greater; greater; above

greater; greater; below

less; less; above

greater; less; below

2.

Exhibit 2

Quantity Sold

Price

(units)

Total Cost

$10

10

$80

9

20

100

8

30

130

7

40

170

6

50

230

5

60

300

4

70

380

A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. Refer to Exhibit 2. A single-price monopolist earns a total profit of __________ when it produces the profit maximizing level of output.

Group of answer choices

$120

$110

$180

$80

$49

In: Economics

Sycamore Plastics (SP) is a manufacturer of polyethylene plastic pellets used as a raw material by...

Sycamore Plastics (SP) is a manufacturer of polyethylene plastic pellets used as a raw material by manufacturers of plastic goods around the U.S. SP currently operates four manufacturing centers in Philadelphia, PA; Atlanta, GA; St. Louis, MO; and Salt Lake City, UT. The plants have different capacities and production costs as indicated in the table below.

PLANT MAXIMUM CAPACITY
(× 100,000 LBS.)
PROD. COST
(PER 1,000 LBS.)
Philadelphia 8.1 $322.00
Atlanta 9.2 $272.00
St. Louis 12.1 $302.00
Salt Lake City 10.1 $247.00


     SP currently has six contract customers located in New York City; Birmingham, AL; Terre Haute, IN; Dallas, TX; Spokane, WA; and San Diego, CA. Transportation costs between the plants and various customers, as well as contracted demand from each customer, are shown in the table below.

TRANSPORT COSTS PER 1,000 LBS.
FROM/TO NYC BIRMINGHAM TERRE HAUTE DALLAS SPOKANE SAN DIEGO
Philadelphia $46 $53 $57 $63 $72 $85
Atlanta 56 43 59 60 74 82
St. Louis 58 61 51 55 59 70
Salt Lake City 73 72 68 58 52 60
Total Demand
(× 1,000 lbs.)
526 415 926 601 334 401


a. Create a solver model and find the optimal solution to help SP develop a distribution plan that will minimize costs to supply the customers’ demand. (Enter your answers in terms of cost per 1,000 lbs and shipment quantities per 1,000 lbs. Round your answers to the nearest whole number.)

CombinedCosts Per 1,000 lbs.
From/To NYC Birmingham Terre Haute Dallas Spokane San Diego
Philadelphia $ $ $ $ $ $
Atlanta
St. Louis
Salt Lake City
Solution (× 1,000 lbs.)
From/To NYC Birmingham Terre Haute Dallas Spokane San Diego
Philadelphia
Atlanta
St. Louis
Salt Lake City
Received
Total Costs
From/To NYC Birmingham Terre Haute Dallas Spokane San Diego
Philadelphia $ $ $ $ $ $
Atlanta
St. Louis
Salt Lake City
Total cost $

In: Statistics and Probability

In a store, 40% of customers make a single purchase. This activity requires a time that...

In a store, 40% of customers make a single purchase. This activity requires a time that has an exponential distribution with mean 2.0 minutes. The other 60% of customers ask for information before making a purchase. This process requires time and has a symmetric triangular distribution with between 1 and 5 minutes (in addition to the purchase time). Use Bernoulli, exponential and triangular random variates to generate a sample of shopping times for 200 customers. Plot the histogram of these observations.

Can you show steps in excel or what should I put in the column?

In: Math

Eva’s Environmental Company is starting a new environmental analysis company on July 1, 2018. a. Eva...

Eva’s Environmental Company is starting a new environmental analysis company on July 1, 2018. a. Eva invests $150,000 cash in her business from her personal savings account. b. Eva purchases Office Supplies for $7,500 on account payable c. Eva borrows $350,000 cash to start her new business from the bank for 10 years on a Note Payable. d. Eva prepays her Rent for office space for one year in advance for $3,600. e. Eva purchases an environmental assessment machine for $115,000 paying 30% in cash and the balance on a long-term note payable. f. Eva collects $21,500 in advance from a customer for a project she will work on in the future. g. Eva earns service revenue on account from her customers, $15,000 h. Eva pays for 40% of the Office Supplies she purchased. i. j. Eva withdraws $850 from the company for her personal use. k. Customers pay Eva $8,500 on account receivable for sales that were previously recorded Accounts: Cash, Accounts Receivable, Prepaid Insurance, Supplies, Equipment, Accounts Payable, Notes Payable, Bank Loan Payable, Unearned Revenue, Eva’s Capital, Eva’s Drawing, Service Revenue, Salary Expense, REQUIRED: a. Analyze the Business Transactions b. Record them in the Journal c. Post to the Ledgers d. Prepare a Trial Balance for July 31, 2018

In: Accounting

It is sometimes argued that one’s phenotype is “all in their genes.” Yet, this is only...

It is sometimes argued that one’s phenotype is “all in their genes.” Yet, this is only partially true. What other factors contribute to an individual’s phenotype? For instance, while someone might be genetically predisposed to developing lung cancer, what other broad categories of factors might contribute to the occurrence of disease?

In: Biology

A study investigated if cell phone use impacted student drivers' reaction times. There were two groups:...

A study investigated if cell phone use impacted student drivers' reaction times. There were two groups: 27 students were assigned to the cell phone group while 27 students were assigned to the control group. The experiment measured the response time to traffic lights; for the cell phone group, the mean was 583 with a standard deviation of 89.5 and for the control group, the mean was 537.7 with a standard deviation of 66.5. Construct a 90% confidence interval for the difference in mean response times between the cell phone and control groups. What is the Margin of Error (E), Lower Limit, and Upper Limit?

In: Statistics and Probability

You are choosing between two projects. The cash flows for the projects are given in the...

You are choosing between two projects. The cash flows for the projects are given in the following table​ ($ million): Project Year 0 Year 1 Year 2 Year 3 Year 4 A negative $ 48−$48 $ 27$27 $ 21$21 $ 21$21 $ 13$13 B negative $ 98−$98 $ 22$22 $ 39$39 $ 48$48 $ 60$60 a. What are the IRRs of the two​ projects? b. If your discount rate is 4.6 %4.6%​, what are the NPVs of the two​ projects? c. Why do IRR and NPV rank the two projects​ differently?

In: Finance

Using the chart below showing the age and salary of each NBA Starting Point Guard, Let...

Using the chart below showing the age and salary of each NBA Starting Point Guard, Let x = age and y = salary

1. Is there a correlation between the two variables? Explain.

2. Find the equation of the regression line THEN use it to predict the salary of a 42-year-old point guard.

Age Salary
30 41358814
31 40231758
29 39200000
22 33930000
23 33930000
31 30521115
29 27977689
29 26361000
33 17000450
29 16000000
27 14000000
28 42782880
34 39932648
29 35197650
27 34122650
23 29331375
26 21250000
29 17500000
25 17500000
25 12999975
27 12500000
30 12000000
28 9607500
31 7250000
23 6655113
25 4372072
22 3627677
26 1892139
22 1589844
19 1532398

In: Statistics and Probability

The New York City Department of Health and Mental Hygiene conducts regular inspections of restaurants. Each...

The New York City Department of Health and Mental Hygiene conducts regular inspections of restaurants. Each restaurant receives an inspection score, with lower scores indicating a more satisfactory inspection. Following are the scores for the most recent inspection for random samples of 25 restaurants in the boroughs of Manhattan and Queens.

Manhattan: 2, 22, 23, 0, 40, 12, 37, 43, 27, 15, 24, 8, 38, 4, 17, 21, 11, 18, 13, 30, 27, 19, 38, 21, 4

Queens: 27, 18, 14, 20, 35, 8, 42, 29, 0, 12, 25, 0, 19, 6, 13, 22, 5, 11, 0, 10, 19, 39, 2, 8, 19

Using a significance level of 0.05, can you conclude a significant difference in mean inspection scores between the two boroughs?

In: Statistics and Probability

a) ABC Bank is facing a financial crisis due to the simultaneous run of customers to...

a) ABC Bank is facing a financial crisis due to the simultaneous run of customers to the bank to convert their deposits in cash. With this situation, explain in your own words the reasons that drove the depositors to act in such a way. Assume you’re a top manager at the bank; explain what are the options that the management has that will save them from being insolvent due to the massive withdrawals.

b) Financial institutions in Bahrain are highly regulated and monitored by the Central bank of bahrain. In your own words, explain how the Central bank of bahrain applies regulatory and monitoring authority in order to manage the financial institutions in the Kingdom. For your answer, refer to the current situation that is taking place; explain how does and will the Central bank of bahrain help protect the economy of the Kingdom.
c) There are many situations that may contribute to the inflation of an economy where the volatility and uncertainty can lead to lower levels of investments. With regards to the current situation (COVID-19) that is taking place around the world, many stores and businesses in the Kingdom of Bahrain and around the world were faced to close their doors to customers for at least two weeks. Explain in your own words, how these businesses and financial institutions will make up for the losses they are or may face. Will these businesses and financial institutions cause inflation within the economy? Explain.
d)Monopoly is a market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. Monopoly typically has an unfair advantage since they are either the only provider of a product or control most of the market share or customers for the product. Although monopolies might differ from industry-to-industry, they tend to share similar characteristics. Discuss at least three (3) of these characteristics in your own words.
e)Over the short term, the financial crisis of 2008 affected the banking sector by causing banks to lose money on mortgage defaults, interbank lending to freeze, and credit to consumers and businesses to dry up. For the much longer term, the financial crisis impacted banking by spawning new regulatory actions. Furthermore, some believe that commercial banks where more fragile during the crisis which made them at more risk of a bank run. In your opinion, discuss whether you agree or not and why.


In: Finance