Consider a monopolist who has a total cost function C(q) = 1000 + 10q The demand function for the market is D(p) = 600 - 12.5p Answer each part below:(a) Use the inverse demand equation to derive the monopolist's marginal revenue equation, MR(q). (1 points) (b) What is the marginal cost, MC(q)? (0.5 points) (c) Solve for the profit-maximizing quantity and price. Note: Explain or show your work! (2 points) (d) Compute the price elasticity of demand at the profit-maximizing price and quantity (round to 3 decimal places). Then, interpret the elasticity and state whether demand is elastic, inelastic, or unit elastic. (1.5 points)
In: Economics
Prepare a two to three page written assignment that includes the following:
Content:
In: Nursing
Using your own personal experiences and knowledge please discuss the following question: Do you believe that accounting is critical to our economic system? Why is it an integral part of our economic system Explain. Support your answers with at least one practical example. Why did you choose accounting as your major? If it is not your major, explain your reason for your selection of your major What is a CPA? What service can a CPA provide that a non CPA accountant cannot regardless of how many other qualifications he/she has including a doctorate in accounting? What are some of the specializations in the accounting field? Discuss one or more of them. Which one are you considering if you are an Accounting major? Post a job description detailing the responsibilities and requirements on any accounting position that requires a minimum of a Bachelor's degree. Was there anything about that job description that surprised you (pleasant or unpleasant) Your responses must be numbered according to each question above. You do not need to reproduce the question. You must meet a minimum length of 750 words (excluding citations, the job description and my questions) and must be posted as response to my thread in this forum with the same subject line as above followed by your last name. Use any acceptable form of citation. There is an automatic 5 point deduction for submissions with no citations or citations in poor format. Please do not use attachments when posting your work.
In: Accounting
- Supply and Demand Assignment
The paper should consist the following sections: the title page, main body, and references.
Select a market that is of interest. Use what you know about this industry and knowledge from this course to answer the questions below. Markets that might be of interest (or select your own market of interest):
For each of the questions below, explain and justify your analysis using current events and market facts you have researched to support your conclusions.
In: Economics
A highway department executive claims that the number of fatal accidents which occur in her state does not vary from month to month. The results of a study of 120120 fatal accidents were recorded. Is there enough evidence to reject the highway department executive's claim about the distribution of fatal accidents between each month?
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fatal Accidents | 1010 | 1212 | 77 | 1313 | 66 | 1010 | 1313 | 66 | 1010 | 1111 | 88 | 1414 |
Step 1 of 10:
State the null and alternative hypothesis.
Step 2 of 10:
What does the null hypothesis indicate about the proportions of fatal accidents during each month?
Step 3 of 10:
State the null and alternative hypothesis in terms of the expected proportions for each category.
Step 4 of 10:
Find the expected value for the number of fatal accidents that occurred in January. Round your answer to two decimal places.
Step 5 of 10:
Find the expected value for the number of fatal accidents that occurred in August. Round your answer to two decimal places.
Step 6 of 10:
Find the value of the test statistic. Round your answer to three decimal places.
Step 7 of 10:
Find the degrees of freedom associated with the test statistic for this problem.
Step 8 of 10:
Find the critical value of the test at the 0.010.01 level of significance. Round your answer to three decimal places.
Step 9 of 10:
Make the decision to reject or fail to reject the null hypothesis at the 0.010.01 level of significance.
Step 10 of 10:
State the conclusion of the hypothesis test at the 0.010.01 level of significance.
In: Statistics and Probability
A highway department executive claims that the number of fatal accidents which occur in her state does not vary from month to month. The results of a study of 171 fatal accidents were recorded. Is there enough evidence to reject the highway department executive's claim about the distribution of fatal accidents between each month?
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fatal Accidents | 22 | 8 | 8 | 17 | 8 | 10 | 23 | 11 | 13 | 13 | 20 | 18 |
Step 1 of 10:
State the null and alternative hypothesis.
Step 2 of 10:
What does the null hypothesis indicate about the proportions of fatal accidents during each month?
Step 3 of 10:
State the null and alternative hypothesis in terms of the expected proportions for each category.
Step 4 of 10:
Find the expected value for the number of fatal accidents that occurred in January. Round your answer to two decimal places.
Step 5 of 10:
Find the expected value for the number of fatal accidents that occurred in May. Round your answer to two decimal places
Step 6 of 10:
Find the value of the test statistic. Round your answer to three decimal places.
Step 7 of 10:
Find the degrees of freedom associated with the test statistic for this problem.
Step 8 of 10:
Find the critical value of the test at the 0.005 level of significance. Round your answer to three decimal places.
Step 9 of 10:
Make the decision to reject or fail to reject the null hypothesis at the 0.005 level of significance.
Step 10 of 10:
State the conclusion of the hypothesis test at the 0.005 level of significance.
In: Statistics and Probability
A highway department executive claims that the number of fatal accidents which occur in her state does not vary from month to month. The results of a study of 161161 fatal accidents were recorded. Is there enough evidence to reject the highway department executive's claim about the distribution of fatal accidents between each month?
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fatal Accidents | 16 | 11 | 19 | 11 | 10 | 13 | 13 | 10 | 13 | 16 | 18 | 11 |
Step 1 of 10: State the null and alternative hypothesis.
Step 2 of 10: What does the null hypothesis indicate about the proportions of fatal accidents during each month?
Step 3 of 10: State the null and alternative hypothesis in terms of the expected proportions for each category
Step 4 of 10: Find the expected value for the number of fatal accidents that occurred in January. Round your answer to two decimal places.
Step 5 of 10: Find the expected value for the number of fatal accidents that occurred in October. Round your answer to two decimal places.
Step 6 of 10: Find the value of the test statistic. Round your answer to three decimal places
Step 7 of 10: Find the degrees of freedom associated with the test statistic for this problem.
Step 8 of 10: Find the critical value of the test at the 0.0050.005 level of significance. Round your answer to three decimal places.
Step 9 of 10: Make the decision to reject or fail to reject the null hypothesis at the 0.0050.005 level of significance.
Step 10 of 10: State the conclusion of the hypothesis test at the 0.0050.005 level of significance.
In: Statistics and Probability
A highway department executive claims that the number of fatal accidents which occur in her state does not vary from month to month. The results of a study of 162 fatal accidents were recorded. Is there enough evidence to reject the highway department executive's claim about the distribution of fatal accidents between each month?
Month Fatal Accidents Jan-19 Feb-8 Mar-21 Apr-13 May-10 Jun-18 Jul-10 Aug-14 Sept-13 Oct-8 Nov-10 Dec-18.
Step 1 of 10: State the null and alternative hypothesis.
Step 2 of 10: What does the null hypothesis indicate about the proportions of fatal accidents during each month?
Step 3 of 10: State the null and alternative hypothesis in terms of the expected proportions for each category.
Step 4 of 10: Find the expected value for the number of fatal accidents that occurred in January. Round your answer to two decimal places.
Step 5 of 10: Find the expected value for the number of fatal accidents that occurred in April. Round your answer to two decimal places.
Step 6 of 10: Find the value of the test statistic. Round your answer to three decimal places.
Step 7 of 10: Find the degrees of freedom associated with the test statistic for this problem.
Step 8 of 10: Find the critical value of the test at the 0.1 level of significance. Round your answer to three decimal places.
Step 9 of 10: Make the decision to reject or fail to reject the null hypothesis at the 0.1 level of significance.
Step 10 of 10: State the conclusion of the hypothesis test at the 0.1 level of significance.
In: Statistics and Probability
A highway department executive claims that the number of fatal accidents which occur in her state does not vary from month to month. The results of a study of 161 fatal accidents were recorded. Is there enough evidence to reject the highway department executive's claim about the distribution of fatal accidents between each month?
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fatal Accidents | 16 | 8 | 10 | 13 | 13 | 11 | 16 | 16 | 13 | 13 | 18 | 14 |
Step 1 of 10:
State the null and alternative hypothesis.
Step 2 of 10:
What does the null hypothesis indicate about the proportions of fatal accidents during each month?
Step 3 of 10:
State the null and alternative hypothesis in terms of the expected proportions for each category.
Step 4 of 10:
Find the expected value for the number of fatal accidents that occurred in January. Round your answer to two decimal places.
Step 5 of 10:
Find the expected value for the number of fatal accidents that occurred in February. Round your answer to two decimal places.
Step 6 of 10:
Find the value of the test statistic. Round your answer to three decimal places.
Step 7 of 10:
Find the degrees of freedom associated with the test statistic for this problem.
Step 8 of 10:
Find the critical value of the test at the 0.005 level of significance. Round your answer to three decimal places.
Step 9 of 10:
Make the decision to reject or fail to reject the null hypothesis at the 0.005 level of significance.
Step 10 of 10:
State the conclusion of the hypothesis test at the 0.005 level of significance.
In: Statistics and Probability
A highway department executive claims that the number of fatal accidents which occur in her state does not vary from month to month. The results of a study of 170170 fatal accidents were recorded. Is there enough evidence to reject the highway department executive's claim about the distribution of fatal accidents between each month?
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fatal Accidents | 1515 | 1010 | 1212 | 99 | 1515 | 2020 | 2020 | 2222 | 99 | 1414 | 1010 | 1414 |
Step 1 of 10:
State the null and alternative hypothesis.
Step 2 of 10:
What does the null hypothesis indicate about the proportions of fatal accidents during each month?
Step 3 of 10:
State the null and alternative hypothesis in terms of the expected proportions for each category.
Step 4 of 10:
Find the expected value for the number of fatal accidents that occurred in January. Round your answer to two decimal places.
Step 5 of 10:
Find the expected value for the number of fatal accidents that occurred in February. Round your answer to two decimal places
Step 6 of 10:
Find the value of the test statistic. Round your answer to three decimal places.
Step 7 of 10:
Find the degrees of freedom associated with the test statistic for this problem.
Step 8 of 10:
Find the critical value of the test at the 0.050.05 level of significance. Round your answer to three decimal places
Step 9 of 10:
Make the decision to reject or fail to reject the null hypothesis at the 0.050.05 level of significance.
Step 10 of 10:
State the conclusion of the hypothesis test at the 0.050.05 level of significance.
In: Statistics and Probability