1. The table gives the demand and supply schedules for fireworks on the Island of Big Bang. In the past, because many deaths have resulted from accidents involving fireworks, the government has banned fireworks and is enforcing the ban. A $5 a firework penalty on buyers of fireworks and a $4 a firework penalty on sellers will reduce the number of fireworks bought to ________________ a week and the price paid by buyers will be _______________ a firework.

a) 0; an unknown amount

b) 160; $11

c) 80; $7

d)40; $13

2. Currently Belize, a country in Central America, has a small coffee industry but does not export any coffee. Suppose the government of Belize, in order to protect the new coffee industry to enable it to grow into a mature industry that can compete in world markets, places a tariff on the importation of coffee. What is the argument that has been used to support the tariff on coffee?

a) the dumping argument

b) to prevent rich countries from exploiting developing countries

c) the infant-industry argument

d) protection of Belize coffee workers

3. When the competitive market is using its resources efficiently, the

a) sum of the total amount of consumer surplus plus the total amount of producer surplus equals zero

b) total amount of consumer surplus is maximized

c) sum of total amount of consumer surplus plus the total amount of producer surplus is maximized

d) total amount of producer surplus is maximized

4. The annual Great Sofa Round-up is a collaborative event between Colorado State University and the City of Fort Collins aims to help students and neighbors get rid of unwanted furniture, while giving people in need access to inexpensive sofas. Suppose on the day of the Round-up, your friends take their couches to the main parking lot on campus where the Round-up is held. Raj will not sell his couch for less than $30, Emily will not sell her couch for less than $50, Nara will not sell her couch for less than $20, Sergio just wants to get rid of his couch and he is willing to give it away for free. At the Round-up, potential buyers think that all the couches available are basically the same and they are willing to buy a couch for $50. Who will sell their couch?

a) Raj, Nara, and Sergio

b) Emily

c) Raj, Emily, Nara, and Sergio

d) Emily, Nara, and Sergio

5. The gains from trade that are possible when two countries have different opportunity costs for wheat and coffee are realized when

a) the demand curves in both countries shift inward

b) trade occurs and resources are reallocated within the two countries

c) each country has an absolute advantage in one of the two commodities

d) the two countries continue to produce the same quantities of wheat and coffee

6. As a method of resource allocation, market price

a) works best inside firms and government departments

b) means those who are willing and able to pay get a particular good or service

c) works well when self-interest must be suppressed

d) is efficient when there is no effective way to distinguish among potential users of a scarce resource

3.17 You and I play a tennis match. It is deuce, which means if you win the
next two rallies, you win the game; if I win both rallies, I win the game; if
we each win one rally, it is deuce again. Suppose the outcome of a rally is
independent of other rallies, and you win a rally with probability p. Let W be
the event “you win the game,” G “the game ends after the next two rallies,”
and D “it becomes deuce again.”
a. Determine P(W | G).
b. Show that P(W) = p2 + 2p(1 − p)P(W | D) and use P(W) = P(W | D)
(why is this so?) to determine P(W).
c. Explain why the answers are the same.

Calculate percentages for the following table. A prior Gamma analysis has indicated that the relationship is significant (p-value <0.05). Use these percentages to assess the strength (using the maximum difference method) and direction of this relationship.

Write a bullet points describing the relationship between these two variables

Ramsey Company produces speakers (Model A and Model B). Both products pass through two producing departments. Model A's production is much more labor-intensive than that of Model B. Model B is also the more popular of the two speakers. The following data has been gathered for the two products:

Ramsey Company produces speakers (Model A and Model B). Both products pass through two producing departments. Model A's production is much more labor-intensive than that of Model B. Model B is also the more popular of the two speakers. The following data has been gathered for the two products:

Plantwide Rate

1. Compute the overhead cost per unit for each product by using a plantwide rate based on direct labor hours. (Round to two decimal places.)

Plantwide rate:  per DLH

Activity Rates

2. Compute the overhead cost per unit for each product by using ABC. (Round rates and unit overhead costs to two decimal places.)

Note: Be sure to complete both tables below.

Departmental Rates

3. Suppose that Ramsey decides to use departmental overhead rates. There are two departments: Department 1: (machine intensive) with a rate of $3.50 per machine hour and Department 2: (labor intensive) with a rate of $0.90 per direct labor hour. The consumption of these two drivers is as follows:

Compute the overhead cost per unit for each product by using departmental rates. (Round to two decimal places.)

Suppose data were collected on the number of customers that frequented a grocery stores on randomly selected days before and after the governor of the state declared a lock down due to COVID 19. A sample of 6 days before the lockdown were chosen as well as 6 days randomly chosen after the lock down was in place. The number of shoppers each day were as follows:

This is interval/ratio data because they are characteristics of the days.

1. Calculate accountable, unaccountable, and total variation. Show your work.
2. Eta square is accountable variation divided by total variation. Determine eta square. It is interpreted as the variation in the dependent variable that can be accounted for by the independent variable. Describe eta square in terms of this problem.

Whispering Company sells one product. Presented below is information for January for Whispering Company.

Whispering uses the FIFO cost flow assumption. All purchases and sales are on account.

Assume Whispering uses a perpetual system. Prepare all necessary journal entries. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Compute gross profit using the perpetual system.

XYZ has 9 million shares of stock outstanding. The current share price is $50, and the

book value per share is $6. The firm also has two bond issues outstanding. The first

bond issue has a face value of $70 million and an 8% annual coupon; it sells for 95% of

par. The second bond has a face value of $60 million and a 7% annual coupon; it sells for

97% of par. The first bond matures in 10 years, whereas the second matures in 5 years.

(a) What are XYZ’s capital structure weights on a book value basis?

(b) What are XYZ’s capital structure weights on a market value basis?

(c) Suppose the company’s stock has a beta of 1.5. The risk-free rate is 5% and the market

risk premium is 8%. What is the company’sWACC if the tax rate is 30%?

Sum all the elements in the two-dimensional array below. Print the
// result to the console.

var arr = [[1, 2, 3],
[4, 5, 6],
[7, 8, 9]]

javascript

G.P., a 66-year-old, right-handed white man, seeks treatment for swelling and decreased range of motion in the right knee. He tells you he retired at age 65 after 40 years of assembly-line work. He reports that his physical activity has decreased and his weight has increased 20 pounds since retiring. His hobbies include woodworking and playing cards and playing with his two grandchildren. He denies tobacco use and alcohol use. Although he describes several years of joint pain that gradually worsened, his activities were not limited until approximately 6 months ago, when he noted an insidious onset of swelling in the right knee. Over the years, he has sporadically taken acetaminophen, aspirin, and ibuprofen to control the pain. He reports that none of the drugs provided better relief than the others. His medical history is remarkable for hypertension and three episodes of gout. Diagnosis: Osteoarthritis 1. List specific goals of treatment for G.P. 2. What drug therapy would you prescribe, and why? 3. What are the parameters for monitoring success of the therapy? 4. Discuss specific patient education based on the prescribed therapy. 5. List one or two adverse reactions for the selected agent that would cause you to change therapy. 6. What would be the choice for second-line therapy? 7. What over-the-counter and/or alternative medications would be appropriate for G.P.? 8. What lifestyle changes should be recommended for G.P.? 9. Describe one or two drug–drug or drug–food interactions for the selected agent.