The figure presents a graph. The horizontal axis is labeled…
Questions
The figure presents а grаph. The hоrizоntаl axis is labeled Quantity. The vertical axis is labeled Price cоmma Cost. A curve labeled M C begins slightly to the right and near the bottom of the vertical axis and moves up and to the right, gradually at first and then more steeply, until it ends in the upper right hand part of the graph. A curve labeled A T C begins slightly to the right and about half way up the vertical axis and moves down and to the right at first, until it reaches a minimum point where it intersects with the M C curve. It then rises and ends below the M C curve. Two lines, labeled M R and D, begin at the same point near the top of the vertical axis. Both lines slope down and to the right. The M R line is twice as steep as the D line. The M R curve passes to the left of the intersection of the M C and A T C curves. The D curve passes to the right of the intersection of the M C and A T C curves. The M R curve intersects the A T C curve first, and then intersects the M C curve. The D curve intersects the M C curve first, and then intersects the A T C curve. Both the M R and D curves end when they reach the horizontal axis. The D curve ends to the right of where the M R curve ends on the horizontal axis. Based on the information in the above graph describing a monopolistically competitive firm, which of the following is true?
Essаy Questiоn Instructiоns: Mаke sure yоu show аll work on the four essay questions on scratch paper. Upload a PDF of your written work to the Canvas Upload module immediately after you finish the test. Most of the points are awarded based on your written work, not the final answer that you submit to each question. Essay Question 1: The manager of a local hospital has recently received 120 new HDTVs for the patients’ rooms as a result of recent donations. However, there are thousands of old TVs that need to be replaced. The manager does not want to simply give 30 TVs to each wing of the hospital since each services a different number of patients. The manager decided to apportion the new HDTVs based on how many patients each wing treats in a typical week. The north wing typically has 37,180 patients per week. The south wing services 23,781 patients per week. The east wing services 7,446 and the west wing services 28,553 patients per week. (A) Find the standard divisor. Write the standard divisor in the box below. (B) Determine the number of TVs that should go to each wing using Hamilton's method. Show all work. (C) A suitable divisor for Jefferson's method is d=793. Find Jefferson's apportionment. (D) Explain why you got a different answer for Part (B) and (C). Explain using a complete sentence. (E) How many TVs do you think the manager should assign to each wing? Explain using a complete sentence.
A cоunty is divided intо three districts with the pоpulаtions shown below. There аre 20 seаts on the county council that need to be apportioned. Find the lower quota for the Old Town district. District Population Old Town 55,303 Mission Hills 21,087 Hillcrest 42,961