PLEASE SOLVE THIS QUESTION IN AN EXCEL SHEET ?

1 a. Given that food sales are $450,000 for the year and beverages sales are 80,000, prepare   a statement of income for Mavericks Restaurant using the expenses below. (Use Figure 1.1 on pg 5 as a guide). Hint: Remember “controllable fixed” costs fall under Other Controllable Expenses. (round to two decimal points)

Administrative Expenses     $4,000

Employee Benefits $27,550

Cost of food sold $140,000

Salaries and wages $120,000

Utilities $26,000

Depreciation on equipment $14,100

Cost of beverages sold $16,230

Interest expense     $3,100

Occupancy costs $33,200

Advertising     $5,000

b. Based on the figures above, calculate:

Prime cost percent

Overhead cost percent

Profit percent

(Remember to ensure they equal up to 100%)

Labor cost percent

Food cost percent

1-In green plants and algae the red and blue wavelengths of light are predominantly used. Describe an experiment that can be used to test this. 100 marks

2-Describe either 1) peat bogs or 2) cloud forests and explain why they are important habitats for bryophytes. 100 marks

Ron Reagan, an assembly worker at Republican Iron Works, has been timed performing four work elements, with the results in the below table. The allowances for tasks are personal, 8%; stretch, 10%; and delay 3%.

A. WHAT IS THE NORMAL TIME?

B. WHAT IS THE STANDARD TIME?

C. A product is currently made in a process-focused shop, where fixed costs are $12,000 per year and variable cost is $45 per unit. The firm currently sells 225 units of the product at $100 per unit. A manager is considering a repetitive focus to lower costs (and lower prices, thus raising demand). The costs of this proposed shop are fixed costs = $18,000 per year and variable costs = $10 per unit. If a price of $70 will allow 400 units to be sold, what profit (or loss) can this proposed new process expect? Do you anticipate that the manager will want to change the process? Explain. Show the profit and breakeven point in units and sales dollars for each option

Louis C.K. and other comedians try to subvert the Ticketmaster monopoly, there will be changes to the market for standup tickets. You will draw and explain this market conversion. In your first graph, begin with a market that is in monopoly as dominated by Ticketmaster. Depict the price and quantity (e.g. you’ll need a MR curve, a demand curve, MC/supply curve, and any consumer and producer surplus and deadweight loss). Then, in the next graph, depict the market as it becomes perfectly competitive. Depict how price and quantity change (e.g. this graph should display the monopoly price and quantity, then you should show the competitive price and quantity for comparison, as well as the new areas of consumer and producer surplus and deadweight loss). Make sure you’re clear on the graph and in your answer about what happens to price and quantity as the monopoly market is converted to perfect competition by Louis C.K.’s action (e.g. what increases, what decreases?). Also, make sure you make a clear statement about changes in efficiency (e.g. how consumer surplus, producer surplus, total surplus, and deadweight loss change)

Use the following information about an economy that produces only two types of products, organic food products and beverages. Calculate the following for the years 2015, 2016 and 2017, unless otherwise requested:

1. the nominal GDP
2. the real GDP using 2015 as the base year
3. the GDP deflator
4. the annual percentage change in nominal GDP for 2016 and 2017
5. the annual percentage change in real GDP for 2016 and 2017
6. the inflation using the GDP deflator for 2016 and 2017 (percentage

change in GDP deflator)

change in GDP deflator)

Can a player play a weakly dominated action at a Nash equilibrium? If yes, give an example. If no, explain why.

Q1.Two firms produce in a market with demand P=100-Q. The marginal cost for firm 1 is constant and equals 10. The marginal cost of firm 2 is also constant and it equals 25. Firm 1 sets output first. After observing firm 1's output, firm 2 sets its output. (Please pay attention. Read the brackets correctly.)

1a. For firm 2, the best response is R₂(q₁)=(A-q₁)/2. The value for A is?

1b. Solve for the Stackelberg equilibrium. The quantity sold by firm 1 is?

1c. Solve for the Stackelberg equilibrium. The quantity sold by firm 2 is?

1d. Consider the Stackelberg equilibrium you derived in 1b and 1c, (q_1S, q_2S). Consider the two firms' isoprofit curves passing through (q_1S, q_2S). The slope of firm 1's isoprofit curve, (dq₂/dq₁)|π₁ , at (q_1S, q_2S) is equal to?

[By definition, an isoprofit curve for firm 1 collects all pairs of (q₁,q₂) which give firm 1 the same profit level. c.f.: indifference curves for consumers. For example, π₁(10,10)=π₁(20,35)=700. The pairs (10,10) and (20,35) are on the same isoprofit curve. ]

1e. The slope of firm 1's isoprofit curve at the Cournot equilibrium (35,20) is equal to?

1f. Suppose now that entry requires fixed cost F=100. Find the limit output that firm 1 has to produce to deter entry. q_1L=?

1g. Given F=100, the profit maximising output for firm 1 is q_1*=?

2. Which of the following is not a characteristic of a long-run equilibrium for a firm in a monopolistically competitive industry?

Select one:

a. The firm maximises profits.

b. Price will be greater than marginal cost.

c. Average total cost will be minimised.

d. Price will equal to average total cost.

Use the quality maximization model to describe the role not-for-profit hospitals play in the diffusion of new medical technologies. Illustrate your answer on a graph.

. What was the "dominant" ethical theory that drove their decision to act as they did? How did you recognize that ethical theory was being used? Use examples from the case to justify

Consider the IS-LM and aggregate demand/aggregate supply model of Chapters 11 and 12. Consider a reduction in the level of taxes, starting from an initial situation in which output is equal to its natural level.

a) Depict the short-run effects of the reduction in T using 3 graphs: one for the market for goods and services, one for the IS-LM curves, and one for the Aggregate Demand and Supply curves. How do the new short-run equilibrium values of r, Y and P compare to the initial ones? (i.e., are they higher, lower or equal?)

b) Depict the transition from the short-run to the long run. To do this, draw 3 new graphs (with the same variables as before), in which the initial situation is the short-run equilibrium after the decrease in T. How do the long-run equilibrium values of r, Y and P after the shock in T compare to ones before that shock?

Note: be sure to label: i. the axes; ii. the curves; iii. the initial equilibrium values; iv. the direction the curves shift (including the initial adverse shock); and v. the terminal equilibrium values.

Perform the following arithmetic in Binary assuming 16 bit registers

(67)₁₀ + (-89)₁₀

List the values of the status bits: C, V, N and Z