Ike’s Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company’s short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.)
Average total cost (dollars per bike)
|
# of factories |
Q=25 |
Q=50 |
Q=75 |
Q=100 |
Q=125 |
Q=150 |
|
1 |
130 |
100 |
80 |
100 |
140 |
200 |
|
2 |
165 |
120 |
80 |
80 |
120 |
165 |
|
3 |
200 |
140 |
100 |
80 |
100 |
130 |
Suppose Ike’s Bikes is currently producing 25 bikes per month in its only factory. Its short-run average total cost is
per bike.
Suppose Ike’s Bikes is expecting to produce 25 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using .
On the following graph, plot the three SRATC curves for Ike’s Bikes from the previous table. Specifically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATC1SRATC1); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC2SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Ike’s Bikes using the blue points (circle symbol).
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
Plot SRATC1 SRATC2 SRATC3 SRATC
200
180
160
140
120
100
0 25 50 75 100 125 150 175\
In the following table, indicate whether the long-run average cost curve exhibits economies of scale, constant returns to scale, or diseconomies of scale for each range of bike production.
|
Range |
Economies of Scale |
Constant Returns to Scale |
Diseconomies of Scale |
|
|---|---|---|---|---|
| More than 100 bikes per month | ||||
| Fewer than 75 bikes per month | ||||
| Between 75 and 100 bikes per month |
In: Advanced Math
Use linux
Original question:
d) Use metacharacters and the ls -lL command (with lower and
upper case L) to list all filenames under the datafiles
directory that contain a dot '.' with the letter 'f' or 'u'
anywhere after the dot.
e) Use metacharacters and a single ls -lL command (with lower and
upper case L) to listall file names that contain a dot '.' followed
by a lower case letter, then end with the letter 't' or 'r' as the
second from last character. And these files should be from your
current directory as well as any directory under the current
directory that contains the letters "data".
For example: data1/a.pqrs would be a match, but dabta.Dtu and
datafiles/.softdo not match.
Hint: use two command arguments, one for the
current directory, and one for directories the contain 'data'.
Instructure sample output:
d)
-rwx------ 1 rpa b20003 2401 Sep 5 14:15
datafiles/famous.backup
-rwx------ 2 rpa b20003 2401 Sep 5 14:25
datafiles/famous.soft
e)
-rwx------ 2 rpa b20003 2401 Sep 5 14:25
datafiles/famous.hard
-rwx------ 2 rpal b20003 2401 Sep 5 14:25 famous.data
What I have so far:
[dfoote1$$$$$$ bin]$ ls -lL /students/dfoote1/bin/datafiles/*.*[fu]* -rwx------ 1 dfoote1 students 2401 Sep 17 17:45 /students/dfoote1/bin/datafiles/famous.backup -rwx------ 2 dfoote1 students 2401 Sep 17 16:15 /students/dfoote1/bin/datafiles/famous.soft [dfoote1$$$$$$ bin]$ ls -ll /students/dfoote1/bin/datafiles/*.*[fu]* -rwx------ 1 dfoote1 students 2401 Sep 17 17:45 /students/dfoote1/bin/datafiles/famous.backup lrwxrwxrwx 1 dfoote1 students 33 Sep 17 17:40 /students/dfoote1/bin/datafiles/famous.soft -> /students/dfoote1/bin/famous.data
In: Computer Science
1. A publisher faces the following demand schedule for the next novel from one of its popular authors:
The author is paid $2 million to write the book,
Price 100 90 80 70 60 50 40 30 20 10 0
QD(1000s) 0 100 200 300 400 500 600 700 800 900 1000
and the marginal cost of publishing the book is a constant $10 per book.
a. Compute the total revenue, total cost, and profit at each quantity. What quantity would a profit-maximizing publisher choose? What price would it charge?
The total revenue at each level of production is given by the demand schedule above, using T R = P Q. The total cost is the constant fixed costs of $2 million plus the variable cost of ($10)Q. For convenience, the units of revenue, cost, and profit are given in millions. In the table below, we combine these equations with the calculation of marginal revenue. It turns out that the profit-maximizing level of output is 500,000 units, corresponding to a price of $50.
b. Compute marginal revenue. (Recall that MR = ∆T R/∆Q). How does marginal revenue compare to the price? Explain.
QD(1000s) 0 100 200 300 400 500 600 700 800 900 1000
TR ($ millions) 0 9 16 21 24 25 24 21 16 9 0
TC ($ millions) 2 3 4 5 6 7 8 9 10 11 12
Profit ($ millions) -2 6 12 16 18 18 16 12 6 -2 -12
Marginal Revenue ($) 90 70 50 30 10 -10 -30 -50 -70 -90
Marginal Cost ($) 10 10 10 10 10 10 10 10 10 10
c. Graph the marginal-revenue, marginal-cost, and demand curves. At what quantity do the marginal-revenue and marginal-cost curves cross? what does this signify?
The relevant information is given in the table above. In the table, we can see that marginal cost and marginal revenue are equal at Q = 50. That is MR(50) = MC(50) = 10. Not coincidentally, this is also the profit-maximizing level of output that we found earlier.
d. In your graph, shade in the deadweight loss. Explain in words what this means.
The social surplus maximizing level of output would set the price equal to marginal cost. In that case, P = 10 and then turning to the demand schedule this corresponds to output of Q(10) = 900, 000. The deadweight loss is the surplus that is lost because we do not makes the units from 500,000 to 900,000. In this case, the deadweight loss if represented with a triangle with base 900, 000− 500, 000 = 400, 000 and the height of 50 − 10 = 40. The area of this triangle is 0.5(400000)(40) = 2 million
e. If the author were paid $3 million instead of $2 million to write the book, how would this affect the publisher’s decision regarding what price to charge? Explain.
Recall that there are two questions for the firm — how much to produce, and how whether to stay in business. The first question — how much to produce — is based on comparing marginal costs and benefits (e.g. should I go from 3 to 4? From 4 to 5, and etc.). By definition, marginal costs are variable costs i.e. they are related to how much output is chosen. The increase in the fee to the author is a type of fixed cost. In the current exercise, the fee paid to the author has no affect on the market demand schedule or on the production costs of the book. Thus, there is no affect of the author’s fee on any of the MARGINAL factors in our exercise. The publisher’s profit will go down, but otherwise there is no effect on what choices it will want to make.
In: Economics
3. Below is the number of texts per day for a random sample of students from last semester. (Population normal enough.)
a. Create the 95% confidence interval for both sets of data. Is there evidence that the population means are different? Under 19 years old: 250, 15, 200, 10, 15, 50, 20, 150, 63, 15, 7, 20, 35, 4, 20 At least 19 years old: 100, 20, 40, 5, 30, 100, 100, 65, 5, 25, 20, 50, 10, 10
b. How many more people at least 19 years old would you need to sample to be within 10 texts of the true mean?
In: Statistics and Probability
Three identical units of merchandise were purchased during July, as follows:
| Date | Product T | Units | Cost |
| July 3 | Purchase | 1 | $25 |
| 10 | Purchase | 1 | 28 |
| 24 | Purchase | 1 | 31 |
| Total | 3 | $84 | |
| Average cost per unit | $28 |
Assume one unit sells on July 28 for $40.
Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods.
| Gross Profit | Cost of Goods Sold | Ending Inventory | |||
| a. First-in, first-out | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | ||
| b. Last-in, first-out | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 | ||
| c. Average | $fill in the blank 7 | $fill in the blank 8 | $fill in the blank 9 |
In: Accounting
Problem 9-16
One unit of A is composed of two units of B and three units of C. Each B is composed of one unit of F. C is made of one unit of D, one unit of E, and two units of F. Items A, B, C, and D have 15, 50, 45, and 25 units of on-hand inventory, respectively. Items A, B, and C use lot-for-lot (L4L) as their lot-sizing technique, while D, E, and F require multiples of 45, 100, and 100, respectively, to be purchased. B has scheduled receipts of 30 units in Period 1. No other scheduled receipts exist. Lead times are one period for Items A, B, and D, and two periods for Items C, E, and F. Gross requirements for A are 15 units in Period 1, 15 units in Period 2, 60 units in Period 6, and 50 units in Period 8.
Find the planned order releases for all items. (Leave no cells blank - be certain to enter "0" wherever required.)
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |||
| Item A OH = 15 LT = 1 SS = 0 Q = L4L |
Gross requirements | ||||||||||
| Scheduled receipts | |||||||||||
| Projected available balance | |||||||||||
| Net requirements | |||||||||||
| Planned order receipts | |||||||||||
| Planned order releases | |||||||||||
| Item B OH = 50 LT = 1 SS = 0 Q = L4L |
Gross requirements | ||||||||||
| Scheduled receipts | |||||||||||
| Projected available balance | |||||||||||
| Net requirements | |||||||||||
| Planned order receipts | |||||||||||
| Planned order releases | |||||||||||
| Item C OH = 45 LT = 2 SS = 0 Q = L4L |
Gross requirements | ||||||||||
| Scheduled receipts | |||||||||||
| Projected available balance | |||||||||||
| Net requirements | |||||||||||
| Planned order receipts | |||||||||||
| Planned order releases | |||||||||||
| Item D OH = 25 LT = 1 SS = 0 Q = 45 |
Gross requirements | ||||||||||
| Scheduled receipts | |||||||||||
| Projected available balance | |||||||||||
| Net requirements | |||||||||||
| Planned order receipts | |||||||||||
| Planned order releases | |||||||||||
| Item E OH = 0 LT = 2 SS = 0 Q = 100 |
Gross requirements | ||||||||||
| Scheduled receipts | |||||||||||
| Projected available balance | |||||||||||
| Net requirements | |||||||||||
| Planned order receipts | |||||||||||
| Planned order releases | |||||||||||
| Item F OH = 0 LT = 2 SS = 0 Q = 100 |
Gross requirements | ||||||||||
| Scheduled receipts | |||||||||||
| Projected available balance | |||||||||||
| Net requirements | |||||||||||
| Planned order receipts | |||||||||||
| Planned order releases | |||||||||||
In: Operations Management
a) Let z be a random variable with a standard normal distribution. Find the indicated probability. (Round your answer to four decimal places.)
P(−2.02 ≤ z ≤ −0.31) =
Shade the corresponding area under the standard normal curve.
b) Assume that x has a normal distribution with the specified mean and standard deviation. Find the indicated probability. (Round your answer to four decimal places.)
μ = 50; σ = 15
P(40 ≤ x ≤ 47) =
c) Find z such that 88.3% of the standard normal curve
lies to the left of z. (Round your answer to two decimal
places.)
z =
Sketch the area described.
d) Find z such that 8% of the standard normal curve
lies to the right of z. (Round your answer to two decimal
places.)
z =
Sketch the area described.
In: Statistics and Probability
The answer should be in JAVA.
You will design and implement two classes to support a client
program, RockPaperScissorsGame.java, to simulate
Rock-Paper-Scissors game.
Read and understand the client program to find out the requirements
for the HandShape and Player classes.
The rules of the Rock-Paper-Scissors game are:
Scissors✌️ beats Paper✋ that beats Rock✊ that
beats Scissors✌️
Additionally, to simplify the game logic (and complexify a little
bit the HandSahpe class) , two players cannot show the same hand
shape.
The followings are some sample runs:
$java RockPaperScissorsGame
Alice shows Paper
Bob shows Scissors
Bob wins!
$java RockPaperScissorsGame
Alice shows Paper
Bob shows Rock
Alice wins!
$java RockPaperScissorsGame
Alice shows Scissors
Bob shows Rock
Bob wins!
RockPaperScissorsGame.java
public class RockPaperScissorsGame {
public static void main(String[] args) {
String[] handShapeName = {"Rock", "Paper", "Scissors"};
HandShape handShape = new HandShape();
Player player1 = new Player("Alice");
Player player2 = new Player("Bob");
System.out.println(player1.getName() + " shows " + handShapeName[player1.showHand(handShape)]);
System.out.println(player2.getName() + " shows " + handShapeName[player2.showHand(handShape)]);
System.out.println(player1.findWinner(player2) + " wins!");
}
}In: Computer Science
The answer should be in JAVA.
You will design and implement two classes to support a client
program, RockPaperScissorsGame.java, to simulate
Rock-Paper-Scissors game.
Read and understand the client program to find out the requirements
for the HandShape and Player classes.
The rules of the Rock-Paper-Scissors game are:
Scissors✌️ beats Paper✋ that beats Rock✊ that
beats Scissors✌️
Additionally, to simplify the game logic (and complexify a little
bit the HandSahpe class) , two players cannot show the same hand
shape.
The followings are some sample runs:
$java RockPaperScissorsGame
Alice shows Paper
Bob shows Scissors
Bob wins!
$java RockPaperScissorsGame
Alice shows Paper
Bob shows Rock
Alice wins!
$java RockPaperScissorsGame
Alice shows Scissors
Bob shows Rock
Bob wins!
RockPaperScissorsGame.java
public class RockPaperScissorsGame {
public static void main(String[] args) {
String[] handShapeName = {"Rock", "Paper", "Scissors"};
HandShape handShape = new HandShape();
Player player1 = new Player("Alice");
Player player2 = new Player("Bob");
System.out.println(player1.getName() + " shows " + handShapeName[player1.showHand(handShape)]);
System.out.println(player2.getName() + " shows " + handShapeName[player2.showHand(handShape)]);
System.out.println(player1.findWinner(player2) + " wins!");
}
}In: Computer Science
The binary number system uses just two digits (0 and 1) to represent any counting number. Match each of the familiar 'base-10' numbers below with their 8-digit binary equivalents.
Group of answer choices
7
[ Choose ] 00001111 01000001 00001101 00001000
8
[ Choose ] 00001111 01000001 00001101 00001000
13
[ Choose ] 00001111 01000001 00001101 00001000
65
[ Choose ] 00001111 01000001 00001101 00001000
Flag this Question
Question 21 pts
One of the first standard coding systems for storing text characters as numbers in a digital computer was called...
Group of answer choices
Unicode
ASCII
UML
Wordpress
Flag this Question
Question 31 pts
To describe units of computing capacity we use Greek prefixes which represent multiples of 1,000. Order the following prefixes from smallest to largest.
Group of answer choices
Mega, Giga, Peta, Tera
Peta, Giga, Mega, Tera
Mega, Giga, Tera, Peta
Giga, Mega, Tera, Peta
Flag this Question
Question 41 pts
If a computer's Central Processing Unit (CPU) is operating at a rate of 4.2 GHz that means it is capable of completing how many processing cycles per unit of time?
Group of answer choices
4,200,000,000 / minute
4,200,000,000 / second
4,200,000 / second
4,200,000 / minute
Flag this Question
Question 51 pts
Suppose your internet connection is currently downloading a file at the steady rate of 16 Mbps. At this speed, how long will it take to download a file that is 6MB in size
Group of answer choices
3 seconds.
Not enough information is provided
96 seconds
18 seconds
Flag this Question
Question 61 pts
There are two major categories of data storage hardware. Primary storage is referred to as [ Select ] ["non-volatile", "random", "volatile"] , meaning it [ Select ] ["loses", "retains"] its value when the power goes off. Secondary storage is [ Select ] ["volatile", "writable", "non-volatile"] , meaning it [ Select ] ["retains", "loses", "occasionally loses"] its value when the power is off.
Flag this Question
Question 71 pts
Match each type of memory below with its proper category.
Group of answer choices
Random Access Memory (RAM)
[ Choose ] Secondary Primary
Magnetic Tape
[ Choose ] Secondary Primary
Digital Video Disk (DVD)
[ Choose ] Secondary Primary
Cache
[ Choose ] Secondary Primary
Flag this Question
Question 81 pts
True or False:
In a Client-Server network architecture, there are several small 'server' computers all focused on making their services (such as data storage, and processing capacity) available to one central 'client' computer.
Group of answer choices
True
False
Flag this Question
Question 91 pts
True or False:
When a file is sent across the internet, the data travels together as one single stream to minimize the chance that data will be lost in transit.
Group of answer choices
True
False
Flag this Question
Question 101 pts
If you r company is using a cloud service provider that manages the operating system you are using but not the applications or the data, then you are using a category of cloud service called...
Group of answer choices
Software as a service (SaaS)
Cloud storage
Platform as a Service (PaaS)
Infrastructure as a Service (IaaS)
In: Computer Science