Questions
Answer the Following Three Questions Please, 56. Suppose that the firm's cost function is given in...

Answer the Following Three Questions Please,

56. Suppose that the firm's cost function is given in the following schedule (where Q is the level of output):

Output

Total

Q (units)

Cost

0

  7

1

25

2

37

3

45

4

50

5

53

6

58

7

66

8

78

9

96

10  

124  


Determine the (a) marginal cost and (b) average total cost schedules

57. Complete the following table.

Total

Marginal

Average

Output

Profit

Profit

Profit

0

?48  

          0

______

1

?26  

______

______

2

?8

______

______

3

  6

______

______

4

16

______

______

5

22

______

______

6

24

______

______

7

22

______

______

8

16

______

______

9

  6

______

______

10  

?8

______

______

58. The Future Flight Corporation manufactures a variety of Frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Flight's closest competitor, Soaring Free Company, cut its prices on similar Frisbees from $3.49 to $2.59. Future Flight noticed that its sales declined to 8,000 units per month after the price cut.

(a)

What is the arc cross elasticity of demand between Future Flight's and Soaring Free's Frisbees?

(b)

If Future Flight knows the arc price elasticity of demand for its Frisbees is ?2.2, what price would they have to charge in order to obtain the same level of sales as before Soaring Free's price cut?

59. The British Automobile Company is introducing a brand new model called the "London Special." Using the latest forecasting techniques, BAC economists have developed the following demand function for the "London Special":

          QD = 1,200,000 ? 40P

What is the point price elasticity of demand at prices of (a) $8,000 and (b) $10,000?

In: Economics

On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues...

On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

if the market interest rate is 7%, the bonds will issue at $510,000. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" i

If the market interest rate is 8%, the bonds will issue at $503,306. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018.

If the market interest rate is 6%, the bonds will issue at $580,169. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

In: Accounting

I have (3) questions: 1. What exactly is the Cost-Benefit Principle, and how does it apply...

I have (3) questions:

1. What exactly is the Cost-Benefit Principle, and how does it apply to ABC?

2. Is JIT just about the reduction of inventory? Please Explain.

3. Indicate which of the following answers to the statement below represents the best choice, then support your view. Indicate why one of the other choices is incorrect. Which of the following is classified as an inventory shortage cost?

a. Purchase order preparation.

b. Production disruption.

c. Lost sales and lost customers.

d. Spoilage.

e. Production disruption, lost sales, and lost customers.

f. The cost of Justin Bieber's latest iTunes single.

In: Accounting

Listed below are alumnus’s contribution (in dollars) and the years the alumnus has been out of...

Listed below are alumnus’s contribution (in dollars) and the years the alumnus has been out
of school for a small college.

Years, x 1 5 3 10 7 6
Contribution y, $ 500 100 300 50 75 80

a) Find the value of the linear correlation coefficient r and use a significance level of α = 0.05 to
determine whether there is a significant linear correlation between the two variables.

b) Find the best predicted value for the contribution of an alumnus after 4 years.

In: Statistics and Probability

Suppose μ1 and μ2 are true mean stopping distances at 50 mph for cars of a...

Suppose μ1 and μ2 are true mean stopping distances at 50 mph for cars of a certain type equipped with two different types of braking systems. The data follows: m = 10, x = 116.8, s1 = 5.28, n = 7, y = 129.6, and s2 = 5.47. Calculate a 99% CI for the difference between true average stopping distances for cars equipped with system 1 and cars equipped with system 2. (Give answers accurate to 2 decimal places.)

Lower limit
Upper limit

In: Statistics and Probability

A.J. is a 63-year-old white woman who is brought to the emergency department by her husband....

A.J. is a 63-year-old white woman who is brought to the emergency department by her husband. She has become progressively weaker and was admitted for further evaluation.

Subjective data: complains of progressive weakness over the last couple of weeks, has had a recent sinus infection that resolved after two courses of antibiotics, complains of shortness of breath, has noticed a lot of bruising lately

Objective data: Physical exam: Has scattered petechiae on both ankles and two ecchymoses on her arms and one on her left lower leg, her skin is very pale, B/P 100/70 (lying), temperature 96.8 F, respiratory rate 26/min.

Labs: Hct 18.2%, Hgb 5.9 g/dL, WBC 2600/uL, Platelet count 72,000/uL, peripheral blood smear indicates that 80% of the WBCs are blasts, PT 18 sec., aPTT 37 sec, LDH 560 units/L

Bone Marrow biopsy: Multiple myeloblasts (>50%)

Interprofessional care: Consultation with a hematologist-oncologist, two units of packed red blood cells, diagnosis –acute myelogenous leukemia

What components of the laboratory test results and bone marrow biopsy suggest acute leukemia?

How is acute myelogenous leukemia treated?

What is A.J.’s prognosis?

What are the life-threatening problems that can occur as a result of this disease and treatment? How can you anticipate and assess for these problems?

In: Nursing

: In an article published in the American Naturalist in November 1897, A. E. Dolbear wrote...

: In an article published in the American Naturalist in November 1897, A. E. Dolbear wrote about his findings concerning crickets chirping and the temperature of the environment. He wrote, “The rate of chirp seems to be entirely determined by the temperature and this to such a degree that one may easily compute the temperature when the number of chirps per minute is known.” Also, “Below a temperature of 50°[F] the cricket has no energy to waste in music and there would be but 40 chirps per minute.” He presented the following data. At 60 °F, the rate is 80 chirps per minute and at 70 °F, the rate is 120 chirps per minute.

1. Design a table and record the pertinent values in the problem statement. ( 1 2 3 4 5 ) (5.5 pts)

2. Assume there is a linear relationship between the chirping rate, N, and the temperature T; make a sketch of a linear graph for the data in your table, with T on the y-axis and N on the x-axis. ( 1 2 3 4 5 ) (3.5 pts)

3. Using your graph, calculate the equation that gives the temperature as a function of the chirping rate. ( 1 2 3 4 5 ) (3.5 pts)

4. Using the equation that you derived above, calculate chirping rate you would expect to hear if the temperature was 59 °F. ( 1 2 3 4 5 ) (2.5 pts)

5. The Library of Congress (LOC) website (http://www.loc.gov/rr/scitech/mysteries/cricket.html) made the following observation, “To get a rough estimate of the temperature in degrees Fahrenheit, count the number of chirps in 15 seconds and then add 37. The number you get will be an approximation of the outside temperature.”

Write an equation (the LOC’s equation) for the approximation equation for the temperature from what you understand from the statement given by the LOC’s website. ( 1 2 3 4 5 ) (2.5 pts)

6. Calculate the chirping rate (in chirps per minute) using your LOC’s equation for the temperature of 59 °F. ( 1 2 3 4 5 ) (3.5 pts)

7. Write a few sentences (no less than three sentences) to let me know how you would reconcile any difference between the chirping rate you calculated from the equation you derived and that calculated from the LOC’s equation. ( 1 2 3 4 5 ) (4.5 pts)

In: Physics

Williams Auto has a machine that installs tires. The machine is now in need of repair....

Williams Auto has a machine that installs tires. The machine is now in need of repair. The machine originally cost $10,200 and the repair will cost $1,200, but the machine will then last two years. The labor cost of operating the machine is $0.45 per tire. Instead of repairing the old machine, Williams could buy a new machine at a cost of $5,200 that would also last two years; the labor cost would then be reduced to $0.25 per tire. Williams expects to install 10,200 tires in the next two years.

a. Determine the total (two-years) cost for both repairing and replacing the machine.

b. Should Williams repair or replace the machine?

  • Repair

  • Replace

In: Accounting

Consider the meaning of these two statements to you. Discuss....How do these relate to the Emancipation...

Consider the meaning of these two statements to you. Discuss....How do these relate to the Emancipation Proclamation?

"Any attempt now to separate the freedom of the slave from the victory of the government; any attempt

to secure peace to the whites while leaving the blacks in chains will be labor lost."

Frederick Douglass (1862)

"My paramount object in this struggle is to save the union, and is not either to save or destroy slavery"

Abe Lincoln (1862)

In: Economics

Given the following information, use Table B.4 in Appendix B to determine whether the correlations are...

Given the following information, use Table B.4 in Appendix B to determine whether the correlations are significant and how you would interpret the results.

1. The correlation between speed and strength for 20 women is .567. Test these results at the .01 level using a one-tailed test.

2. The correlation between the number correct on a math test and the time it takes to complete the test is -.45. Test whether this correlation is significant for 80 children at the .05 level of significance. Choose either a one- or two-tailed test and justify your choice.

3. The correlation between the number of friends and grade point average (GPA) for 50 adolescents is .37. Is this significant at the .05 level for a two-tailed test?

In: Statistics and Probability