1)
Demand in a market dominated by two firms (a Cournot duopoly) is determined according to: P = 300 – 4(Q1 + Q2), where P is the market price, Q1 is the quantity demanded by Firm 1, and Q2 is the quantity demanded by Firm 2. The marginal cost and average cost for each firm is constant; AC=MC = $65.
The cournot-duopoly equilibrium quantity produced by each firm is _____.
Hint: Write your answer to two decimal places.
2)
Demand in a market dominated by two firms (a Cournot duopoly) is determined according to: P = 300 – 4(Q1 + Q2), where P is the market price, Q1 is the quantity demanded by Firm 1, and Q2 is the quantity demanded by Firm 2. The marginal cost and average cost for each firm is constant; AC=MC = $71.
The cournot-duopoly equilibrium profit for each firm is _____.
In: Economics
****PLEASE ANSWER ASAP**** PLEASE SHOW WORK
You want to maximize your utility and find your consumer optimum.
Here is a table of your current situation:
Taco Bell drink: $1.00
Taco Bell burrito supreme: $5.00
Income: $11.00
Drink Total Utility Burrito supreme Total Utility
0 0 0 0
1 100 1 600
2 220 2 1100
3 280 3 1500
4 330 4 1600
5 350 5 1650
Calculate the Marginal Utility then the MU/P to find Consumer
Optimum.
How many drink(s) and burrito supreme(s) should you purchase to reach consumer optimum?
I got 1 drink 2 burritos but I'm not positive its correct Please explain if I am correct also
In: Economics
Hyper Company had a beginning inventory on January 1 of 160 units of Product 4-18-19 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 400 units at $23 Sept. 4 330 units at $26 July 20 250 units at $24 Dec. 2 100 units at $29 1,000 units were sold. Hyper Company uses a periodic inventory system.
Instructions
(a) Determine the cost of goods available for sale.
(b) Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).
(c) Which cost flow method results in (1) the highest inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement?
In: Accounting
In: Operations Management
Find the matrix A' for T relative to the basis B'.
T: R3 → R3, T(x, y, z) = (y − z, x − z, x − y), B' = {(5, 0, −1), (−3, 2, −1), (4, −6, 5)}
In: Advanced Math
Consider a block attached to a spring in SHM with ?o=+?/4 and T=8 with A =10m.
a) What is x(0), x(1), x(2 seconds)...? What is the equation for x(t)?
c) what is the velocity at t=0? 1 sec?...
In: Physics
Case 1 Instruction (Accounting Application) Use the MS Excel tabular graphical methods of descriptive statistics to summarize the sample data in the data set named PelicanStores in Case 1 folder. The managerial report should contain summaries such as:
1. A frequency and relative frequency distributions for the methods of payment (different cards). (20%)
2. Mean, median, first quartile, third quartile, and sample standard deviation for net sales from regular customers. (20%)
3. Mean, median, first quartile, third quartile, and sample standard deviation for net sales from married female. (20%)
4. Apply the location method to calculate the 60th percentile manually of net sales for each method (card) of payment. Please indicate which card has the highest 60th percentile and show the process. (20%)
5. Apply Chebyshev’s Theorem to calculate the range (i.e. $ to $) of at least 75% of the net sales must fall within for the Proprietary Card payment. (20%) (Hint: What is the z-score for at least 75% of data range?)
| Customer | Type of Customer | Items | Net Sales | Method of Payment | Gender | Marital Status | Age |
| 1 | Regular | 1 | 39.50 | Discover | Male | Married | 32 |
| 2 | Promotional | 1 | 102.40 | Proprietary Card | Female | Married | 36 |
| 3 | Regular | 1 | 22.50 | Proprietary Card | Female | Married | 32 |
| 4 | Promotional | 5 | 153.50 | Proprietary Card | Female | Single | 28 |
| 5 | Regular | 2 | 54.00 | MasterCard | Female | Married | 34 |
| 6 | Regular | 1 | 44.50 | MasterCard | Female | Married | 44 |
| 7 | Promotional | 2 | 78.00 | Proprietary Card | Female | Married | 30 |
| 8 | Regular | 1 | 22.50 | Visa | Female | Married | 40 |
| 9 | Promotional | 2 | 56.52 | Proprietary Card | Female | Married | 46 |
| 10 | Regular | 1 | 44.50 | Proprietary Card | Female | Married | 36 |
| 11 | Regular | 1 | 107.40 | MasterCard | Female | Single | 48 |
| 12 | Promotional | 1 | 31.60 | Proprietary Card | Female | Married | 40 |
| 13 | Promotional | 9 | 160.40 | Visa | Female | Married | 40 |
| 14 | Promotional | 2 | 64.50 | Visa | Female | Married | 46 |
| 15 | Regular | 1 | 49.50 | Visa | Male | Single | 24 |
| 16 | Promotional | 2 | 71.40 | Proprietary Card | Male | Single | 36 |
| 17 | Promotional | 3 | 94.00 | Proprietary Card | Female | Single | 22 |
| 18 | Regular | 3 | 54.50 | Discover | Female | Married | 40 |
| 19 | Promotional | 2 | 38.50 | MasterCard | Female | Married | 32 |
| 20 | Promotional | 6 | 44.80 | Proprietary Card | Female | Married | 56 |
| 21 | Promotional | 1 | 31.60 | Proprietary Card | Female | Single | 28 |
| 22 | Promotional | 4 | 70.82 | Proprietary Card | Female | Married | 38 |
| 23 | Promotional | 7 | 266.00 | American Express | Female | Married | 50 |
| 24 | Regular | 2 | 74.00 | Proprietary Card | Female | Married | 42 |
| 25 | Promotional | 2 | 39.50 | Visa | Male | Married | 48 |
| 26 | Promotional | 1 | 30.02 | Proprietary Card | Female | Married | 60 |
| 27 | Regular | 1 | 44.50 | Proprietary Card | Female | Married | 54 |
| 28 | Promotional | 5 | 192.80 | Proprietary Card | Female | Single | 42 |
| 29 | Regular | 3 | 71.20 | Visa | Male | Married | 48 |
| 30 | Promotional | 1 | 18.00 | Proprietary Card | Female | Married | 70 |
| 31 | Promotional | 2 | 63.20 | MasterCard | Female | Married | 28 |
| 32 | Regular | 1 | 75.00 | Proprietary Card | Female | Married | 52 |
| 33 | Promotional | 3 | 77.69 | Visa | Female | Single | 26 |
| 34 | Regular | 1 | 40.00 | Proprietary Card | Female | Married | 34 |
| 35 | Promotional | 5 | 105.50 | MasterCard | Female | Married | 56 |
| 36 | Regular | 1 | 29.50 | MasterCard | Male | Single | 36 |
| 37 | Regular | 2 | 102.50 | Visa | Female | Single | 42 |
| 38 | Promotional | 6 | 117.50 | Proprietary Card | Female | Married | 50 |
| 39 | Promotional | 5 | 13.23 | Proprietary Card | Male | Married | 44 |
| 40 | Regular | 2 | 52.50 | Proprietary Card | Female | Married | 58 |
| 41 | Promotional | 13 | 198.80 | Proprietary Card | Female | Married | 42 |
| 42 | Promotional | 4 | 19.50 | Visa | Female | Married | 46 |
| 43 | Regular | 2 | 123.50 | Proprietary Card | Female | Married | 48 |
| 44 | Promotional | 1 | 62.40 | Proprietary Card | Male | Married | 54 |
| 45 | Promotional | 2 | 23.80 | Discover | Male | Married | 38 |
| 46 | Promotional | 2 | 39.60 | Proprietary Card | Female | Married | 60 |
| 47 | Regular | 1 | 25.00 | MasterCard | Female | Married | 46 |
| 48 | Promotional | 3 | 63.64 | Proprietary Card | Female | Married | 30 |
| 49 | Promotional | 1 | 14.82 | Proprietary Card | Female | Married | 32 |
| 50 | Promotional | 9 | 145.20 | MasterCard | Female | Married | 46 |
| 51 | Promotional | 6 | 176.62 | Proprietary Card | Female | Married | 38 |
| 52 | Promotional | 5 | 118.80 | Proprietary Card | Male | Married | 68 |
| 53 | Regular | 1 | 58.00 | Discover | Female | Single | 78 |
| 54 | Regular | 2 | 74.00 | Visa | Female | Single | 20 |
| 55 | Regular | 2 | 49.50 | MasterCard | Female | Married | 32 |
| 56 | Promotional | 3 | 141.60 | Proprietary Card | Female | Married | 38 |
| 57 | Promotional | 6 | 123.10 | Proprietary Card | Female | Married | 54 |
| 58 | Promotional | 2 | 80.40 | Discover | Female | Married | 48 |
| 59 | Promotional | 4 | 65.20 | MasterCard | Female | Married | 46 |
| 60 | Regular | 4 | 113.00 | American Express | Male | Single | 50 |
| 61 | Promotional | 1 | 108.80 | Proprietary Card | Female | Married | 46 |
| 62 | Promotional | 3 | 59.91 | Discover | Female | Single | 30 |
| 63 | Promotional | 5 | 53.60 | Proprietary Card | Male | Married | 54 |
| 64 | Promotional | 1 | 31.60 | Proprietary Card | Female | Single | 42 |
| 65 | Promotional | 2 | 49.50 | Visa | Male | Married | 48 |
| 66 | Promotional | 1 | 39.60 | Proprietary Card | Female | Married | 62 |
| 67 | Promotional | 2 | 98.60 | Visa | Female | Single | 34 |
| 68 | Promotional | 5 | 146.80 | Proprietary Card | Female | Married | 28 |
| 69 | Promotional | 2 | 47.20 | Visa | Male | Married | 46 |
| 70 | Promotional | 8 | 95.05 | Proprietary Card | Female | Married | 54 |
| 71 | Promotional | 5 | 155.32 | Proprietary Card | Female | Married | 30 |
| 72 | Promotional | 4 | 58.00 | MasterCard | Female | Married | 32 |
| 73 | Regular | 1 | 69.00 | Proprietary Card | Female | Single | 22 |
| 74 | Promotional | 2 | 46.50 | American Express | Female | Married | 32 |
| 75 | Promotional | 2 | 45.22 | Proprietary Card | Female | Married | 74 |
| 76 | Promotional | 4 | 84.74 | American Express | Female | Married | 62 |
| 77 | Regular | 2 | 39.00 | Proprietary Card | Female | Married | 42 |
| 78 | Promotional | 4 | 111.14 | Proprietary Card | Female | Married | 28 |
| 79 | Promotional | 3 | 86.80 | Proprietary Card | Female | Married | 38 |
| 80 | Regular | 2 | 89.00 | Discover | Female | Married | 54 |
| 81 | Promotional | 2 | 78.00 | MasterCard | Female | Married | 68 |
| 82 | Promotional | 6 | 53.20 | Proprietary Card | Female | Single | 30 |
| 83 | Promotional | 4 | 58.50 | Visa | Female | Married | 36 |
| 84 | Promotional | 3 | 46.00 | Proprietary Card | Female | Married | 44 |
| 85 | Regular | 2 | 37.50 | Visa | Female | Married | 44 |
| 86 | Promotional | 1 | 20.80 | Proprietary Card | Female | Married | 62 |
| 87 | Regular | 6 | 144.00 | MasterCard | Female | Single | 48 |
| 88 | Regular | 4 | 107.00 | Proprietary Card | Female | Married | 36 |
| 89 | Promotional | 1 | 31.60 | Proprietary Card | Female | Single | 20 |
| 90 | Promotional | 6 | 57.60 | Proprietary Card | Female | Married | 42 |
| 91 | Promotional | 4 | 105.73 | American Express | Male | Married | 54 |
| 92 | Regular | 1 | 44.85 | American Express | Male | Married | 65 |
| 93 | Regular | 5 | 159.75 | Proprietary Card | Female | Married | 72 |
| 94 | Promotional | 17 | 229.50 | Proprietary Card | Female | Married | 30 |
| 95 | Regular | 3 | 66.00 | American Express | Female | Married | 46 |
| 96 | Regular | 1 | 39.50 | MasterCard | Female | Married | 44 |
| 97 | Promotional | 9 | 253.00 | Proprietary Card | Female | Married | 30 |
| 98 | Regular | 10 | 287.59 | American Express | Male | Single | 44 |
| 99 | Promotional | 2 | 47.60 | Proprietary Card | Female | Married | 30 |
| 100 | Promotional | 1 | 75.42 | Proprietary Card | Male | Single | 28 |
In: Math
Case 1 Instruction (Accounting Application) Use the MS Excel tabular graphical methods of descriptive statistics to summarize the sample data in the data set named PelicanStores in Case 1 folder. The managerial report should contain summaries such as:
1. A frequency and relative frequency distributions for the methods of payment (different cards). (20%)
2. Mean, median, first quartile, third quartile, and sample standard deviation for net sales from regular customers. (20%)
3. Mean, median, first quartile, third quartile, and sample standard deviation for net sales from married female. (20%)
4. Apply the location method to calculate the 60th percentile manually of net sales for each method (card) of payment. Please indicate which card has the highest 60th percentile and show the process. (20%)
5. Apply Chebyshev’s Theorem to calculate the range (i.e. $ to $) of at least 75% of the net sales must fall within for the Proprietary Card payment. (20%) (Hint: What is the z-score for at least 75% of data range?)
| Customer | Type of Customer | Items | Net Sales | Method of Payment | Gender | Marital Status | Age |
| 1 | Regular | 1 | 39.50 | Discover | Male | Married | 32 |
| 2 | Promotional | 1 | 102.40 | Proprietary Card | Female | Married | 36 |
| 3 | Regular | 1 | 22.50 | Proprietary Card | Female | Married | 32 |
| 4 | Promotional | 5 | 153.50 | Proprietary Card | Female | Single | 28 |
| 5 | Regular | 2 | 54.00 | MasterCard | Female | Married | 34 |
| 6 | Regular | 1 | 44.50 | MasterCard | Female | Married | 44 |
| 7 | Promotional | 2 | 78.00 | Proprietary Card | Female | Married | 30 |
| 8 | Regular | 1 | 22.50 | Visa | Female | Married | 40 |
| 9 | Promotional | 2 | 56.52 | Proprietary Card | Female | Married | 46 |
| 10 | Regular | 1 | 44.50 | Proprietary Card | Female | Married | 36 |
| 11 | Regular | 1 | 107.40 | MasterCard | Female | Single | 48 |
| 12 | Promotional | 1 | 31.60 | Proprietary Card | Female | Married | 40 |
| 13 | Promotional | 9 | 160.40 | Visa | Female | Married | 40 |
| 14 | Promotional | 2 | 64.50 | Visa | Female | Married | 46 |
| 15 | Regular | 1 | 49.50 | Visa | Male | Single | 24 |
| 16 | Promotional | 2 | 71.40 | Proprietary Card | Male | Single | 36 |
| 17 | Promotional | 3 | 94.00 | Proprietary Card | Female | Single | 22 |
| 18 | Regular | 3 | 54.50 | Discover | Female | Married | 40 |
| 19 | Promotional | 2 | 38.50 | MasterCard | Female | Married | 32 |
| 20 | Promotional | 6 | 44.80 | Proprietary Card | Female | Married | 56 |
| 21 | Promotional | 1 | 31.60 | Proprietary Card | Female | Single | 28 |
| 22 | Promotional | 4 | 70.82 | Proprietary Card | Female | Married | 38 |
| 23 | Promotional | 7 | 266.00 | American Express | Female | Married | 50 |
| 24 | Regular | 2 | 74.00 | Proprietary Card | Female | Married | 42 |
| 25 | Promotional | 2 | 39.50 | Visa | Male | Married | 48 |
| 26 | Promotional | 1 | 30.02 | Proprietary Card | Female | Married | 60 |
| 27 | Regular | 1 | 44.50 | Proprietary Card | Female | Married | 54 |
| 28 | Promotional | 5 | 192.80 | Proprietary Card | Female | Single | 42 |
| 29 | Regular | 3 | 71.20 | Visa | Male | Married | 48 |
| 30 | Promotional | 1 | 18.00 | Proprietary Card | Female | Married | 70 |
| 31 | Promotional | 2 | 63.20 | MasterCard | Female | Married | 28 |
| 32 | Regular | 1 | 75.00 | Proprietary Card | Female | Married | 52 |
| 33 | Promotional | 3 | 77.69 | Visa | Female | Single | 26 |
| 34 | Regular | 1 | 40.00 | Proprietary Card | Female | Married | 34 |
| 35 | Promotional | 5 | 105.50 | MasterCard | Female | Married | 56 |
| 36 | Regular | 1 | 29.50 | MasterCard | Male | Single | 36 |
| 37 | Regular | 2 | 102.50 | Visa | Female | Single | 42 |
| 38 | Promotional | 6 | 117.50 | Proprietary Card | Female | Married | 50 |
| 39 | Promotional | 5 | 13.23 | Proprietary Card | Male | Married | 44 |
| 40 | Regular | 2 | 52.50 | Proprietary Card | Female | Married | 58 |
| 41 | Promotional | 13 | 198.80 | Proprietary Card | Female | Married | 42 |
| 42 | Promotional | 4 | 19.50 | Visa | Female | Married | 46 |
| 43 | Regular | 2 | 123.50 | Proprietary Card | Female | Married | 48 |
| 44 | Promotional | 1 | 62.40 | Proprietary Card | Male | Married | 54 |
| 45 | Promotional | 2 | 23.80 | Discover | Male | Married | 38 |
| 46 | Promotional | 2 | 39.60 | Proprietary Card | Female | Married | 60 |
| 47 | Regular | 1 | 25.00 | MasterCard | Female | Married | 46 |
| 48 | Promotional | 3 | 63.64 | Proprietary Card | Female | Married | 30 |
| 49 | Promotional | 1 | 14.82 | Proprietary Card | Female | Married | 32 |
| 50 | Promotional | 9 | 145.20 | MasterCard | Female | Married | 46 |
| 51 | Promotional | 6 | 176.62 | Proprietary Card | Female | Married | 38 |
| 52 | Promotional | 5 | 118.80 | Proprietary Card | Male | Married | 68 |
| 53 | Regular | 1 | 58.00 | Discover | Female | Single | 78 |
| 54 | Regular | 2 | 74.00 | Visa | Female | Single | 20 |
| 55 | Regular | 2 | 49.50 | MasterCard | Female | Married | 32 |
| 56 | Promotional | 3 | 141.60 | Proprietary Card | Female | Married | 38 |
| 57 | Promotional | 6 | 123.10 | Proprietary Card | Female | Married | 54 |
| 58 | Promotional | 2 | 80.40 | Discover | Female | Married | 48 |
| 59 | Promotional | 4 | 65.20 | MasterCard | Female | Married | 46 |
| 60 | Regular | 4 | 113.00 | American Express | Male | Single | 50 |
| 61 | Promotional | 1 | 108.80 | Proprietary Card | Female | Married | 46 |
| 62 | Promotional | 3 | 59.91 | Discover | Female | Single | 30 |
| 63 | Promotional | 5 | 53.60 | Proprietary Card | Male | Married | 54 |
| 64 | Promotional | 1 | 31.60 | Proprietary Card | Female | Single | 42 |
| 65 | Promotional | 2 | 49.50 | Visa | Male | Married | 48 |
| 66 | Promotional | 1 | 39.60 | Proprietary Card | Female | Married | 62 |
| 67 | Promotional | 2 | 98.60 | Visa | Female | Single | 34 |
| 68 | Promotional | 5 | 146.80 | Proprietary Card | Female | Married | 28 |
| 69 | Promotional | 2 | 47.20 | Visa | Male | Married | 46 |
| 70 | Promotional | 8 | 95.05 | Proprietary Card | Female | Married | 54 |
| 71 | Promotional | 5 | 155.32 | Proprietary Card | Female | Married | 30 |
| 72 | Promotional | 4 | 58.00 | MasterCard | Female | Married | 32 |
| 73 | Regular | 1 | 69.00 | Proprietary Card | Female | Single | 22 |
| 74 | Promotional | 2 | 46.50 | American Express | Female | Married | 32 |
| 75 | Promotional | 2 | 45.22 | Proprietary Card | Female | Married | 74 |
| 76 | Promotional | 4 | 84.74 | American Express | Female | Married | 62 |
| 77 | Regular | 2 | 39.00 | Proprietary Card | Female | Married | 42 |
| 78 | Promotional | 4 | 111.14 | Proprietary Card | Female | Married | 28 |
| 79 | Promotional | 3 | 86.80 | Proprietary Card | Female | Married | 38 |
| 80 | Regular | 2 | 89.00 | Discover | Female | Married | 54 |
| 81 | Promotional | 2 | 78.00 | MasterCard | Female | Married | 68 |
| 82 | Promotional | 6 | 53.20 | Proprietary Card | Female | Single | 30 |
| 83 | Promotional | 4 | 58.50 | Visa | Female | Married | 36 |
| 84 | Promotional | 3 | 46.00 | Proprietary Card | Female | Married | 44 |
| 85 | Regular | 2 | 37.50 | Visa | Female | Married | 44 |
| 86 | Promotional | 1 | 20.80 | Proprietary Card | Female | Married | 62 |
| 87 | Regular | 6 | 144.00 | MasterCard | Female | Single | 48 |
| 88 | Regular | 4 | 107.00 | Proprietary Card | Female | Married | 36 |
| 89 | Promotional | 1 | 31.60 | Proprietary Card | Female | Single | 20 |
| 90 | Promotional | 6 | 57.60 | Proprietary Card | Female | Married | 42 |
| 91 | Promotional | 4 | 105.73 | American Express | Male | Married | 54 |
| 92 | Regular | 1 | 44.85 | American Express | Male | Married | 65 |
| 93 | Regular | 5 | 159.75 | Proprietary Card | Female | Married | 72 |
| 94 | Promotional | 17 | 229.50 | Proprietary Card | Female | Married | 30 |
| 95 | Regular | 3 | 66.00 | American Express | Female | Married | 46 |
| 96 | Regular | 1 | 39.50 | MasterCard | Female | Married | 44 |
| 97 | Promotional | 9 | 253.00 | Proprietary Card | Female | Married | 30 |
| 98 | Regular | 10 | 287.59 | American Express | Male | Single | 44 |
| 99 | Promotional | 2 | 47.60 | Proprietary Card | Female | Married | 30 |
| 100 | Promotional | 1 | 75.42 | Proprietary Card | Male | Single | 28 |
In: Math
BFI had $100 of office supplies at January 1, 2016 and purchased $2,000 of office supplies during 2016. BFI has $750 of office supplies on the shelf at December 31, 2016. How much office supplies expense should BFI recognize in the Income Statement for the year ended December 31, 2016? 1. $1,350 2. $750 3. $2,100 4. $0 5. None of the above 2.5 points QUESTION 26 On June 1, 2016, BFI paid $4,000 for a 24-month insurance policy effective July 1, 2016. What is the effect of the necessary adjusting journal entry? 1. Prepaid Insurance will decrease by $2,000. 2. Prepaid Insurance will decrease by $1,000. 3. Prepaid Insurance will increase by $2,000. 4. Prepaid Insurance will increase by $1,000. 5. Cash will decrease by $1,000.
In: Accounting
. Let K(t) denote the quantity of capital a country has at the beginning of period t. Also, assume that capital depreciates at a constant rate d, so that dK(t) of the capital stock wears out during period t. If investment during period t is denoted I(t), and the country does not trade with the rest of the world, then we can say that the quantity of capital at the beginning of period t+1 is given by K (t + 1) = (1 − d) K (t) + I (t)
Suppose at the beginning of year 0 that this country has 80 units of capital. Investment expenditures are 10 units each in the years 0, 1, 2, 3, 4 and 5. The capital stock depreciates at 10% per year. Calculate the quantity of capital at the beginning of years 0, 1, 2, 3, 4 and 5
In: Economics