Demand is given by the equation QD=100-P; supply is given by QS= 4P

Suppose the world price of each unit is $25. Now assume that this economy is open to world trade. How many units will they import or export? Calculate the consumer surplus, producer surplus and total surplus.

Help me solve,

A Continue to assume that this economy is open to world trade. Suppose the government enacts a tariff off $2 per pound of cocoa beans. Calculate the consumer surplus, producer surplus, total surplus and deadweight loss with the tariff. What is the total revenue of the tariff?

B. Continue to assume that this economy is open to world trade. Suppose the government enacts a tariff off $2 per pound of cocoa beans. Calculate the consumer surplus, producer surplus, total surplus and deadweight loss with the tariff. What is the total revenue of the tariff?

They are one question. Thank you

The adjusted 12/31/22 Trial Balance for Sirius Corporation included these accounts and balances. All accounts have a normal balance. No other accounts existed.

1. Determine the total of the Adjusted Trial Balance columns.
2. In proper format, prepare the Sirius Corporation:

• • 2022 Income Statement
  • 2022 Statement of Retained Earnings
  • 12/31/22 Balance Sheet
• Show work (Equations used, if any)

The business manager of a 90 unit apartment building is trying to determine the rent to be charged. From past experience with similar buildings, when rent is set at $400, all the units are full. For every $20 increase in rent, one additional unit remains vacant. What rent should be charged for maximum total revenue? What is that maximum total revenue? To help solve the above scenario, perform an internet search for Profit Parabola or Applications of Quadratic Functions. List the URL of one of the applications that you find. URL ___________________________________________________________________

Go to http://www.purplemath.com/modules/quadprob3.htm to see the process used for determining the quadratic function for revenues R(x) as a function of price hikes x on page 3 with the canoe-rental business problem. Use this process to determine the quadratic function that models the revenues R(x) as a function of price hikes x in the apartment building scenario above. 

1) Present, in journal form, the adjustments that would be made on July 31, 2018, the end of the fiscal year, for each of the following.

A. The supplies inventory on August 1, 2017 was $9,350. Supplies costing $24,150 were acquired during the year and charged to the supplies inventory. A count on July 31, 2018 indicated supplies on hand of $8,810.

B. On April 30, a ten-month, 6% note for $30,000 was received from a customer

C. On May 1, $20,000 was collected as rent for one year and a nominal (temporary) account was credited.

I have a question about C.

Answer said 20,000 *(9/12) = 15,000

Rent Revenue (Corrects for prior entry) 15,000

Unearned Rent Revenue 15,000

But Why do we have to use nine instead of three

Because I think May 1 - July 31 has three month

Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be paid $9, the third $12, and so on). The marginal revenue product of labor is given in the table below. Units of Labor Marginal Revenue Product 0 1 $34 2 $28 3 $24 4 $20 5 $14 6 $10. Are the labor supply and MRC curves the same or different? If they are different, which one is higher? 4. What will be the competitive equilibrium wage rate and the level of employment? 5. What will be the wage rate and the level of employment under monopsonistic conditions? 6. By how much does the monoposonist reduce wages below the competitive wage? 7. By how much does the monopsonist reduce employment below the competitive level? _____ workers.

The schedule below gives the demand curve facing a monopoly firm.

Table 1: Demand schedule facing a monopoly

(2.1) What is the marginal revenue for a perfectly price discriminating monopolist from the sale of each unit of output?

(2.2) If the firm’s marginal cost is constant at $3.00, what is the output produced by a perfectly price discriminating monopolist?

(2.3) What is the total revenue received by a perfectly price discriminating monopolist at the profit maximizing level of output?

(2.4) Assuming that fixed costs are zero, what is the total cost incurred by the monopolist at the profit maximizing level of output?

(2.5) Assuming that fixed costs are zero, how much profits are earned by the monopolist at the profit maximizing level of output?

A firm is considering producing a new product.Prior to producing,the firm can conduct a marketing campaign (e.g., advertise heavily) or not. Suppose that a marketing campaign costs $1 million. Suppose that if the product is marketed and produced, it will generate revenues of $8 million while costing $2 million to produce; so profit will be $5 million (= $(8 − 2 − 1) million) .
If the product is marketed, but not produced, it will generate no revenue and no production cost; so profit will be -$1 million (i.e., just the cost of the marketing campaign). If the product is not marketed, but produced, it will generate a revenue of $4 million but cost $1 million to produce; so profit will be $3 million. Finally, if the product is neither marketed, nor produced, then profit will be $0. Determine the optimal strategy for this firm using the following methods:
1- Minimax – Maximin criterion
2- Max likelihood criterion
3- Bayers’ Decision Rule

Riverside Company completed the following two transactions. The annual accounting period ends December 31. On December 31, calculated the payroll, which indicates gross earnings for wages ($165,000), payroll deductions for income tax ($16,500), payroll deductions for FICA ($17,000), payroll deductions for United Way ($3,400), employer contributions for FICA (matching), and state and federal unemployment taxes ($2,000). Employees were paid in cash, but these payments and the corresponding payroll deductions and employer taxes have not yet been recorded. Collected rent revenue of $4,440 on December 10 for office space that Riverside rented to another business. The rent collected was for 30 days from December 11 to January 10 and was credited in full to Deferred Revenue. Show how any liabilities related to these items should be reported on the company’s balance sheet at December 31