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 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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In: Statistics and Probability
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 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 $8,500 on account receivable for sales that were previously recorded Accounts: Cash, Accounts Receivable, Prepaid Insurance, Supplies, Equipment, Accounts Payable, Notes Payable, Bank Loan Payable, Unearned Revenue, Eva’s Capital, Eva’s Drawing, Service Revenue, Salary Expense, REQUIRED: a. Analyze the Business Transactions b. Record them in the Journal c. Post to the Ledgers d. Prepare a Trial Balance for July 31, 2018
In: Accounting
It is sometimes argued that one’s phenotype is “all in their genes.” Yet, this is only partially true. What other factors contribute to an individual’s phenotype? For instance, while someone might be genetically predisposed to developing lung cancer, what other broad categories of factors might contribute to the occurrence of disease?
In: Biology
A study investigated if cell phone use impacted student drivers' reaction times. There were two groups: 27 students were assigned to the cell phone group while 27 students were assigned to the control group. The experiment measured the response time to traffic lights; for the cell phone group, the mean was 583 with a standard deviation of 89.5 and for the control group, the mean was 537.7 with a standard deviation of 66.5. Construct a 90% confidence interval for the difference in mean response times between the cell phone and control groups. What is the Margin of Error (E), Lower Limit, and Upper Limit?
In: Statistics and Probability
You are choosing between two projects. The cash flows for the projects are given in the following table ($ 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 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 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
In: Finance