Consider the world market for computers between the U.S. and China. Let the demand for computers in the U.S. be Du = 3500-2P and in China be Dc = 1800 - 3P. Let the supply of computers in the U.S. be Q u = 500 +P and in China be Qc = 200+2p

Suppose now that the importing country wants to impose an import tariff of $200 per computer. If this tariff is enacted, how much will the consumers in the importing country pay per computer? please draw a graph.

If the $200 tariff is enacted, how much revenue will it generate?

. A single-price monopolist has the schedules given in the table below.

a. Determine the profit-maximizing level of output, price as well as the amount of profit or loss at this level. Clarify how you obtain the answer.

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b. Compare between the perfect competition and monopoly market structure.

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Absorption costing (also called the full cost method) treats all costs of production as product costs, regardless of whether they are variable or fixed. Since no distinction is made between variable and fixed costs, absorption costing is not well suited for CVP computations. Under absorption costing, the cost of a unit of product consists of direct materials, direct labor, and both variable and fixed overhead. Variable and fixed selling and administrative expenses are treated as period costs and are deducted from revenue as incurred.

Is the above statement true or false?

Listed below are the combined city – highway fuel consumption ratings (in miles per gallons) for different cars measured in old rating system and cars in a new rating system introduced in 2008 (based on data from USA today).

A. Construct a 90 percent confidence interval of the difference in the ratings of cars.

Old Rating: 16 18 27 17 33 28 33 18 24 19 18 27 22 18 20 29 19 27 20 21

New Rating: 15 16 24 15 29 25 29 16 22 17 16 24 20 16 18 26 17 25 18 19

B. Based on the interval is there a reason to believe that there is a difference in the ratings of the two cars?

C. Is there any significant difference in the old and new ratings of cars? Use appropriate hypothesis test to answer this question.

Inventory Costing Methods

Morrison Inc. reported the following information for the month of May:

During May, Morrison sold 137 units. The company uses a periodic inventory system.

Required:

What is the value of ending inventory and cost of goods sold for May under the following assumptions.

A woman sued a computer keyboard manufacturer, charging that her repetitive stress injuries were caused by the keyboard. The injury awarded about $3.5 million for pain and suffering, but the court then set aside that award as being unreasonable compensation. In making this determination, the court identified a "normative" group of 27 similar cases and specified a reasonable award as one within two standard deviations of the mean of the awards in the 27 cases. The 27 awards were (in $1000s) 38, 60, 71, 111, 137, 144, 148, 150, 238, 290, 340, 410, 600, 750, 750, 754, 1050, 1100, 1135, 1150, 1200, 1200, 1250, 1576, 1700, 1825, and 2000, from which

Σx_i = 20,177, Σx_i² = 24,654,401.

What is the maximum possible amount that could be awarded under the two-standard-deviation rule? (Round your answer to the nearest whole number.)

What are the resource inequalities for the following situation?

Producing a bookshelf requires 8 boards and 12 screws. Producing a TV stand requires 6 boards and 14 screws. Each bookshelf yields $27 profit, and each TV stand yields $25 profit. There are 55 boards and 130 screws available.

• 8x+12y≤558x+12y≤55, 6x+14y≤1306x+14y≤130, x≥0x≥0, y≥0y≥0
• 8x+6y≤558x+6y≤55, 12x+14y≤13012x+14y≤130, x≥0x≥0, y≥0y≥0
• 8x+12y≤278x+12y≤27, 6x+14y≤256x+14y≤25, x≥0x≥0, y≥0y≥0
• 8x+6y≤278x+6y≤27, 12x+14y≤2512x+14y≤25, x≥0x≥0, y≥0

Work on excel

Design.xlsx.

(a) Contruct a Frequency Histogram with a revised Bin size. (Bin width =3 ). Hint: Use Data Analysis from Data menu, Histogram to create a Bin size of the desired bin width(=3). (b) Construct A Cumulative Percentage Histogram. (c) Contruct A Frequency Polygon. [ Hint: Use Line Graph]