13.2d Assignment, Part One—Daphne’s Apparel Part #2 1. Calculate the new TC, MC, AVC, and ATC columns for Daphne’s Apparel (her fixed and variable costs have changed, so these numbers will be new and not the same as your numbers from the 10.2c Assignment). 2. For this worksheet, we are assuming that Daphne’s Apparel is operating in a perfectly competitive industry. Therefore, we know that Daphne’s apparel is a “price-taker” in the apparel industry. The equilibrium price that was determined by supply and demand in the market for apparel (we are assuming all apparel is identical in nature) is $15. Knowing this information, calculate TR (total revenue), MR (marginal revenue), AR (average revenue), and profit for Daphne’s Apparel. Remember that profit is simply total revenue subtracted by total cost. 3. Follow the remaining directions and answer the questions on the worksheet as directed. Make sure you label all of your curves appropriately!! Q FC VC TC MC AVC ATC TR MR AR Profit 0 $15 1 $15 2 $15 3 $15 4 $15 5 $15 6 $15 7 $15 8 $15 $0 $15 -- $0 -- $0 -- $0 -$15 $6 $11 $15 $21 $29 $40 $55 $75 P 4. On the grid below, graph the following curves for Daphne’s firm: MC, AVC, ATC, MR, AR, Demand, and Price. At approximately what quantity is profit maximized? Q 13.2d Assignment, Part Two—Perfect Competition FRQ Please complete the following FRQ: Assume that in a perfectly competitive market, a firm’s costs and revenues are the following: (a) (b) (c) (d)    (i) (ii) Marginal cost = average variable cost at $20 Marginal cost = average total cost at $30 Marginal cost = average revenue at $25 Using correctly labeled side by side graphs for this firm, show the following: The market price and quantity, labeled “Pm” and “Qm” respectively The profit-maximizing quantity for the firm, labeled “qf” Is the firm price greater than, less than, or equal to the market price? Explain. Should this firm produce in the short run? Will this firm earn a profit or incur a loss? Explain.

Economic Analyses and InterventionsPrior to engaging in this discussion, please read Chapters 13 and 14 in the text and review any relevant Instructor Guidance. It is suggested that you review the recommended articles to glean any helpful information. Analyze and comment on economic analyses of health administrative innovations that are germane to the provision of health services. How have these innovations become more important in health care delivery within the context of the Affordable Care Act? Develop a list of similarities and differences between cost benefit analysis and cost effectiveness analysis as they pertain to specific health care service demands. Compare and contrast economic challenges and incentives as they relate specifically to cost benefit and cost effectiveness analyses.

You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You are asked to write a professional document that discusses the concepts below.Define Gross Domestic Product (GDP).Differentiate between Real GDP and Nominal GDP.Explain how the GDP of the U.S. may influence the sale of smartphones by TOF.What percentage of the GDP is attributed to the sale of cellular phones (including carrier services) in the United States?Define the Human Development Index (HDI).Explain if the HDI has an influence on the sale of smartphones in the U.S.Which aspect of the HDI might influence the sale of smartphones?Identify the target audience for the sale of smartphones in the U.S.