In rabbits, gray hair is dominant to white hair. Also in rab…

In rabbits, gray hair is dominant to white hair. Also in rabbits, black eyes are dominant to red eyes. These letters represent the genotypes of the rabbits: GG = gray hair BB = black eyes Gg = gray hair Bb = black eyes gg = white hair bb = red eyes   What are the phenotypes (descriptions) of rabbits that have the following genotypes? ( 2 points, 0.5 point deducted for each error or omission, until all points are deducted) Genotype Phenotype Ggbb ggBB ggbb GgBb GGbb 2. A male rabbit with the genotype GGbb is crossed with a female rabbit with the genotype ggBb. Set up your P-square below. Fill it out and determine the phenotypes and proportions in the offspring. (8 points total) a) Write down two parental genotypes:   ___________      X ____________ (2 points) b) What are the phenotypes and phenotypic ratios of the offspring? (3 points, description of phenotypes- 2pts, ratio – 1point) c) Draw your Punnett square. (3 points for correct Punnett square(s) only — no partial credit will be given) Note: To create a Punnett square, you can click on “Table” at the top of your text box. See the instructional screenshot:

In Madison, the local beer industry is operating in a perfec…

In Madison, the local beer industry is operating in a perfectly competitive market where there are eight identical firms that produce beer. Suppose that a representative firm has the following cost curves where TC is the total coast in dollars and that q is units of beer produced by a given firm. The Total Cost is: TC = 4 +2q +6q2 MC = 2 + 12q The market demand curve for the local Madison beer market is given by the following equation: P = 18 – 0.5Q Where P is the market price and Q is the market quantity of beer. You were hired by one of the beer producing firms to conduct some market analysis. a. What is the market supply curve? Answer: b. Given the market supply curve you found above, you would like to calculate the short run market equilibrium quantity and price. Equilibrium market Price = Equilibrium market Quantity = c. You would also like to know what is the short run output and profit of each of the firms operating in the market? In the short run, each firm produces: beer In the short run, the profit of each firm is: d. Will a representative firm produce in the short run? Answer: e. How much economic profit will each firm earn in the long-run? Profit =