Consider a firm operating in a competitive market. The firm is producing 40 units of output, has an average total cost of production equal to $6, and is earning $240 economic profit in the short run. What is the current market price?

A. Describe circumstances where price ceilings and price floors might be appropriate. b. Discuss the use of price ceilings during World War II. c. Give reasons for setting price floors in agricultural markets during World War II.

Mr. Isaac is lending Gh₵20000 to Mr. Hayford, to be repaid over five years. Mr. Isaac would like to effect a policy on Mr. Hayford's life to cover the loan should Mr. Hayford die. Mr. Hayford would like to insure Mr.

Adrian Corp. sells goods on account for $100,000 on May 1. On May 15, the customer returns $40,000 of the merchandise. The customer has not yet paid for any of the goods. What will Adrian record on May 15? (Select all that apply.)

For each of the following statements about inflation, indicate which function of money inflation is hindering. (Store of Value, Unit of Account, Medium of Exchange) a. Inflation erodes money's purchasing power. b. Inflation causes menu costs. c.

24. Armin is trying to decide whether to buy a season pass to his college basketball team's 20 home games this season. The cost of an individual ticket is $14, and the cost of a season pass is $175.

How do I get a job at age 14?

Candace just purchased a certificate of deposit at her local bank with a stated rate of 5.3%. Candace has had BA3500 so she knows that the real rate the CD is paying is 3.1%.

Symon's Suppers Co. has announced that it will pay a dividend of $4.39 per share one year from today. Additionally, the company expects to increase its dividend by 4.2 percent annually. The required return on the company's stock is 11.4 percent.

If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should a. use more fertilizers and weed killers to increase their yields. b. plant additional acres to increase their output. c.

Baker's Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more than six and an additional 7% discount because it took immediate delivery. Terms of payment were 3/10, n/30.