In the short run, a perfectly competitive firm will shut down and produce nothing if:

The following is from an article from the Wall Street Journal: “Krispy Kreme Doughnuts Inc. reported its profit fell 56% in its second quarter despite an 11% increase in revenue.” Briefly explain how it is possible for a firm’s revenue to increase at the same time its profits decrease

Describe why the adjusting process is necessary and give an example of one of the following 4 types of adjusting entries:

1) Prepaid expense

2) Unearned revenue

3) Accrued revenue

4) Accrued expense

Make sure to include which type of adjusting entry your are providing an example.

some food service profesionals fed the best way to improve profits is to reduce costs. others feel that increasing revenue is the best way to increase profits. what are three steps managers can take to reduce current costs? what steps can a manager take to increase revenue?

Please answer the two following parts to a question from International Economics 10th edition.

Explain how trade can suffer in the absence of protection for intellectual property rights.

How does the revenue effect of an import quota differ from the revenue effect of a tariff? Please give an explanation.

What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat

What effect will each of the of following have on the supply pf auto tires

How would the following change in price affect total revenue? That is would total revenue increase, decrease or remain unchange

Consider the following linear programming problem:
Z=$15X+$20Y
Subject to:
8X+5Y<=40
0.4X+Y>=4
Solve the values of x and y that will maximize revenue by using the corner point method graphical approach to linear programming. What revenue will result? Please show work.

1. Net Present Value MethodA series of equal net cash flows at fixed time intervals.—Annuity

   Briggs Excavation Company is planning an investment of $611,700 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for eight years. Customers will be charged $150 per hour for bulldozer work. The bulldozer operator costs $30 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $39 per hour of bulldozer operation.

   Present Value of an Annuity of $1 at Compound Interest
   Year	6%	10%	12%	15%	20%
   1	0.943	0.909	0.893	0.870	0.833
   2	1.833	1.736	1.690	1.626	1.528
   3	2.673	2.487	2.402	2.283	2.106
   4	3.465	3.170	3.037	2.855	2.589
   5	4.212	3.791	3.605	3.353	2.991
   6	4.917	4.355	4.111	3.785	3.326
   7	5.582	4.868	4.564	4.160	3.605
   8	6.210	5.335	4.968	4.487	3.837
   9	6.802	5.759	5.328	4.772	4.031
   10	7.360	6.145	5.650	5.019	4.192

   a. Determine the equal annual net cash flows from operating the bulldozer. Use a minus sign to indicate cash outflows.

   Briggs Excavation Company
   Equal Annual Net Cash Flows
   Cash inflows:
   Hours of operation Fuel and labor costs per year Hours of operation Maintenance costs per year Total fuel and labor costs per hour
   Revenue per hour Fuel and labor costs per year Fuel cost per hour Labor cost per hour Revenue per hour		X $
   Revenue per year Fuel and labor costs per year Fuel cost per hour Labor cost per hour Revenue per year			$
   Cash outflows:
   Hours of operation Fuel and labor costs per year Hours of operation Maintenance costs per year Total fuel and labor costs per hour
   Fuel cost per hour Annual net cash flows Fuel cost per hour Revenue per year Revenue per hour	$
   Labor cost per hour Annual net cash flows Labor cost per hour Revenue per year Revenue per hour
   Total fuel and labor costs per hour Annual net cash flows Total fuel and labor costs per hour Revenue per year Revenue per hour		X $
   Fuel and labor costs per year Annual net cash flows Fuel and labor costs per year Revenue per year Revenue per hour
   Maintenance costs per year Annual net cash flows Maintenance costs per year Revenue per year Revenue per hour
   Annual net cash flows Annual net cash flows Hours of operation Revenue per year Revenue per hour			$

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   b. Determine the net present value of the investment, assuming that the desired rate of return is 15%. Use the The sum of the present values of a series of equal “Net cash flows” to be received at fixed time intervals.present value of an annuity of $1 table above. Round to the nearest dollar. If required, use the minus sign to indicate a negative net present value.

   Present value of annual net cash flows	$
   Amount to be invested	$
   Net present value	$

   c. Should Briggs Excavation invest in the bulldozer, based on this analysis?
   

   • Yes
   • No
   , because the bulldozer cost is
   • less than
   • more than
   the present value of the cash flows at the minimum desired rate of return of 15%.

   d. Determine the number of operating hours such that the present value of cash flows equals the amount to be invested. Round interim calculations and final answer to the nearest whole number.
   hours

   Feedback

   b. Multiply the annual net cash flow by the present value of an annuity factor and subtract the amount to be invested.

   c. Which is more favorable?

   d. Set up an equation to solve for hours.

   Learning Objective 3.

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1 Is it possible for marginal revenue to be negative for a firm selling in a perfectively competitive market? Is it possible for marginal revenue to be negative for a firm selling in a monopolistically competitive market? Briefly explain.

. 2. Central Grocery in New Orleans is famous for its muffaletta, a large round sandwich filled with deli meats and topped with a tangy olive salad. Suppose the following table represents cost and revenue data for Central Grocery.

Fill in the table. What is the profit-maximizing price and quantity, and what profit will be earned at that level of production?