At its current level of production a profit-maximizing firm in a competitive market receives $10 for each unit it produces and faces an average total cost of $12.50. At the market price of $10 per unit, the firm's marginal cost curve crosses the marginal revenue curve at an output level of 1,000 units. What is the firm's current profit? What is likely to occur in this market and why? Please explain.

Consider an economy with a real income of $10,000, consumption spending of $7,000, and net tax revenue of $2,000.
a. Calculate domestic private saving and Suppose government spending is $2,000. What is the public saving?
b. Continuing from part last part, what is national saving?

c Continuing from part b, suppose net foreign investment is -$3,000. What is private domestic investment spending?

What information can the labor demand curve give you by itself (no other curves)?

Select all applicable information for credit.

Group of answer choices

Wage

The portion of tax that will be paid by employers

Marginal Revenue Product of Labor

Quantity demanded of labor at a given wage

Marginal Value of Labor

Marginal Wage

Number of workers employers will hire at various wages

Marginal Cost of Labor

On June 8, Alton Co. issued an $60,800, 12%, 120-day note payable to Seller Co. Assume that the fiscal year of Seller Co. ends June 30. Using a 360-day year in your calculations, what is the amount of interest revenue recognized by Seller in the following year? When required, round your answer to the nearest dollar.

$7,296

$1,986

$608

$1,216

Suppose an institution has purchased a $250,000 mortgage loan from the loan originator and wishes to create a mortgage pass-through security. In doing so, this institution will generate revenue by charging a servicing fee of 35 basis points. If the monthly mortgage payment on the loan is $1,250, how much income is passed through to the investor in the mortgage pass through each month (rounded to the nearest dollar)?

Consider an economy with a real income of $7,000, consumption spending of $5,000, and net tax revenue of $1,000.
a. Calculate domestic private saving
b. Suppose government spending is $1,000. Calculate public saving.
c. Continuing from part b, what is national saving?

d. Continuing from part c, suppose net foreign investment is -$2,000. What is private domestic investment spending?

Your student organization has decided to have a cake sale to raise money. At a price of $8 per cake, you will sell 40 cakes. After some research, you discover that for every $1.50 increase in price, you will sell 3 fewer cakes. What price should you charge to maximize revenue? How many cakes would you sell at that price? P