Questions
On a market with monopolistic competition, a firm meets the demand QD = 400 – 4P. The firm’s marginal cost is given by MC = 40 + 2Q.

On a market with monopolistic competition, a firm meets the demand QD = 400 – 4P. The firm’s marginal cost is given by MC = 40 + 2Q. 

A. Which quantity should the firm produce to maximize its profit? Which is the profit maximizing price on the market?

B. Draw a figure that shows the firm’s profit maximizing quantity and price.

C. What is the firm’s long-term profit?

D. Now instead assume the market is a duopoly, and that the total demand is given by QD = 1600 – 2P. The two firms on the market, Delta and Gamme, have identical cost functions TCD = TCG = 200 + 50Q. The firm’s respective boards have agreed to collaborate to maximize their collective profit. What is the profit of Delta and Gamma if the firms together agree on which quantity to produce?

In: Economics

The United States’ health-related views and laws are shaped by social, political, and historical factors that...

The United States’ health-related views and laws are shaped by social, political, and historical factors that are often part of the larger debate over individual rights versus the collective good. Based on this idea please discuss your thoughts on the 3 following public health topics.

  • Should childhood immunizations be mandatory or optional?
  • Should higher insurance rates or taxes be used to punish poor health choices (e.g., cigarettes, “junk” food)? Would this be unfair to individuals, or is this fair since all Americans pay a portion of the healthcare costs to care for people who make these choices?
  • Should, in light of the current Covid-19 situation, should we be required to social distance, wear masks when we are in public, and be on lockdown when community numbers are higher?

In: Nursing

Do we have a moral obligation to the non-human biotic network of life and inanimate matter?...

Do we have a moral obligation to the non-human biotic network of life and inanimate matter? Sometimes, this vast network is called 'the environment'. Human influence upon the environment has been profound, in the last few thousand years, but particularly so in the last 300 years, with the start of the Industrial Revolution that has helped to make our species ubiquitous and dominant among the other species. One a small side-line species, now, human beings are 'king of the hill'. The price of this dominance is overdevelopment, pollution on an epic scale. As we survey our natural world and what our species has done to it, often for the worse, what moral obligation have we to change our manner and collective 'footprint' on the planet - and other planets, if we include our nascent space programs?

In: Psychology

1. Management and the union have been bargaining for more than 10 months to try and...

1. Management and the union have been bargaining for more than 10 months to try and reach a new collective agreement, to no avail. From Management’s perspective, they believe that the parties have reached an impasse. What are the 3 options management can pursue to try and resolve this situation (3 points – ½ point for each of the 3 options, ½ point for correct explanation/definition of each option)

2. What is indirect compensation and explain why it is an important component of an employer’s compensation program. Include in your answer 2 examples of ‘indirect compensation’ (3 points)

3. What is the purpose/objective of orientation/onboarding programs and identify 4 benefits frequently reported by employers of such programs? (3 points - 1 point for correct explanation of purpose/objective and ½ point for each correct benefit identified)

In: Operations Management

a) A physical education director claims by taking a special vitamin, a weight lifter can increase...

a) A physical education director claims by taking a special vitamin, a weight lifter can increase his strength. Eight athletes are selected and given a test of strength, using the standard bench press. After two weeks of regular training, supplemented with the vitamin, they are tested again. Test the vitamin regimen is effective in increasing strength at the .05 level of significance. Each value in the data that follow represents the maximum number of pounds the athlete can bench press. Assume both populations normal.

athlete 1 2 3 4 5 6 7 8

Before 210 230 182 205 262 253 219 216

after 219 236 179 204 270 250 222 216

claim ………………………………................ ________________________

null hypothesis…………………………………. ________________________

alternative hypothesis………………………….. ________________________

Calculator Screen Name……………………… ________________________

test statistic ………………………… ________________________

pvalue/alpha comparison………………………. ________________________

decision …………………………. ________________________

Conclusion …………………………. ________________________

Construct a 95% confidence interval for, µd , the mean difference of the before minus the after times. Interpret the interval in a complete sentence.

Confidence Interval Name__________________________________

Interval___________________________________________

Interpret______________________________

In: Statistics and Probability

A researcher believes that alcohol intoxication might severely impair driving ability. To test this, she subjects...

A researcher believes that alcohol intoxication might severely impair driving ability. To test this, she subjects 10 volunteers to a driving simulation test, first when sober, and then, after drinking amounts sufficient to raise their blood alcohol to .04. The researcher measures performance as the number of simulated obstacles with which the driver collides. Thus, the higher the number, the poorer the driving. The data is in the Excel file in the tab labeled Question 4. Test whether there are differences before and after drinking. Conduct a t-test: Two-Sample for Means.

Before Drinking:

1
2
0
0
2
1
4
0
1
2
0

After drinking:

4
2
1
2
5
3
3
2
4
3
1

a. What is the null hypothesis?

b. What is the research hypothesis?

c. Why run a Two-Sample for Means t-test?

d. Interpret the findings. What are the results of the hypothesis test? Can you reject the null hypothesis?

In: Math

Two cars collide at an intersection. Car A, with a mass of 1900 kg , is...

Two cars collide at an intersection. Car A, with a mass of 1900 kg , is going from west to east, while car B , of mass 1500 kg , is going from north to south at 12 m/s . As a result of this collision, the two cars become enmeshed and move as one afterwards. In your role as an expert witness, you inspect the scene and determine that, after the collision, the enmeshed cars moved at an angle of 65 ∘ south of east from the point of impact. Part A Part complete How fast were the enmeshed cars moving just after the collision? Express your answer using two significant figures. v = 5.8 m/s Previous Answers Correct Part B How fast was car A going just before the collision? Express your answer using two significant figures. How fast were the enmeshed cars moving just after the collision and how fast was car A going just before the collision?

In: Physics

Concord Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is preparing...

Concord Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is preparing earnings per share data for 2020. The following is a summary of the activity for ACI during 2020:

634,000 common shares issued and outstanding at December 31, 2019
94,000 common shares issued for cash on April 1, 2020
Repurchased 58,800 common shares on June 1, 2020
Two-for-one stock split on September 1, 2020


Required: weighted average number of shares outstanding for the year ended December 31, 2020.

In: Accounting

1.     Use the following information and answer the following: Product Price 2019 Quantity 2019 Price 2020 Quantity...

1.     Use the following information and answer the following:

Product

Price 2019

Quantity 2019

Price 2020

Quantity 2020

Food

$10

1,000

$12

1,200

Clothing

$40

400

$48

500

Education

$100

600

$120

120

Health care

$200

300

$240

360

a.     Nominal GDP for 2019 and 2020.

b.     Assume 2019 is the base year and calculate the price index for 2020.

c.      Real GDP for 2020.

d.     Nominal and real rate of growth of GDP.

e.     Inflation rate between 2019 and 2020.

In: Economics

PartA: Jan 1st, 2020: Tony Inc. buys a machine from Avengers Inc. and will make 3...

PartA: Jan 1st, 2020: Tony Inc. buys a machine from Avengers Inc. and will make 3 equal payments of 200,000 over the next 18 months (payments on June 30, 2020; Dec 31, 2020; and June 30, 2021). The interest rate on this annuity is 14%. Record all the journal entries from Jan 1st 2020 until the expiration of the annuity. (4 points) Assume the machine does not depreciate.

Part B: Create the balance sheet as of December 31st, 2020 along with the income statement and cash flow statement for the time period of Jan 1st, 2020 to Dec 31st,2020 (6 points) (There might have a $1 rounding issue

In: Accounting