Suppose the City of Berkeley decides to grant allocations of water from Strawberry Creek according to the appropriative doctrine. Next, due to significant administrative burdens, suppose only two individuals decide to apply for water allocations: Tom [Bates is the more senior user, and Nicholas [Dirks is the more junior user. Further, suppose the annual water flow in Strawberry Creek follows a uniform distribution from 0 to 100 acre-feet per year. Tom's profits as a function of water use A are: πΤ(A) 5000 In(A), and Nicholas, profits as a function of water use are: πN(A)-12000 In(A). Both Tom and Nicholas share the same cost function of water diversion capacity: C(A) 5A2 1000. Finally, both Tom and Nicholas are risk neutral Hint: recall the quadratic formula for a quadratic equation of the form ax2bc: - 4ac (a) Draw graphs of both the PDF (g(-)) and CDF (G(-)) of Strawberry Creek's annual flow. Be precise with vour axes (b) How much water diversion capacity does Tom build? (c) How much water diversion capacity does Nicholas build?

Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.

Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?

You have learned that there are many ethical concerns surrounding genetic research, and it's important to be familiar with them. for this project, you will write a persuasive essay about an ethical question in biotechnology. directions the goal of a persuasive essay is to convince people to agree with you. it is important to support your opinion with facts. a persuasive essay is not simply a description of your beliefs. be sure to organize your information, give clear examples, and build your argument carefully. read the following genetics topics below. choose a topic and then decide what side you are on. remember that there is no "right" or "wrong" side. ethical questions often have many points of view. research your topic and write a 400 word persuasive essay. topic 1: should insurance companies have the right to learn the genetic profiles of the people they insure? topic 2: should employers have the right to learn the genetic profiles of the people they hire? are there special considerations for employees in jobs in which there is a high risk to others, such as airline pilots, doctors, or bus drivers? topic 3: should scientists who identify genes and create new genetic engineering techniques have the right to patent their methods for their own profit?