Q2- Economists estimate that the supply function and demand function for the widget market is given by the following expressions: q = 0.2 · π − 40 π = −10q + 2000 π = 5q + 200 Draw demand and supply curves as a function of q and calculate;

A- the demand and price at the market equilibrium.
B- For this equilibrium, calculate the consumers’ gross surplus, the consumers’ net surplus, the producers’ revenue, the producers’ profit and the global welfare

Suppose the MARR is 12%. Use the following table to answer the question--Which option should be selected as the challenger alternative? CMS FMS Initial Investment $20,000 $29,000 Annual Revenue 6,688 9,102 Useful Life (Years) 5 5 A. CMS B. Both options are acceptable challenger alternatives. C. I'm completely lost! D. Neither option is acceptable as a challenger alternative. E. FMS

throughout the list, label each as either debit, credit or no entry for the following prompt. "A hardware distributor ships an order of nails on account to Naperville True Value Store. Match the accounts to the correct debit and credit entries."

1. cost of goods sold

2. inventory

3. revenue

4. accounts receivable

5. freight

6. discounts, returns and allowances

7. accounts payable

8. cash

Sox Shogun Hotel sold 2,000 rooms during the past month at an ADR of $70.00. During this month, the ADR is increased by $7.00 and the total number of rooms sold is 1,900. What is the price elasticity of demand? What is the effect of the decrease in the #of rooms to the total room revenue for the Sox Shogun Hotel during this month?

Group of answer choices

$5,600 decrease

$6,300 increase

$6,300 decrease

$5,600 increase

Which of the following is a characteristic of both monopolistic competition and monopoly? Group of answer choices

i. Firms face significant barriers to entry.

ii. A firm's marginal revenue curve is below its demand curve.

iii.In the long run, a firm will earn zero economic profit.

iv In the long run, a firm will produce a level of output that corresponds to the minimum point of its average total cost curve.

Kramer and Associates has the following account balances listed in alphabetical​ order: Accumulated​ Depreciation, $24,000; Accounts​ Payable, $9,500, Accounts​ Receivable, $11,000;​ Cash, $4,000;​ Equipment, $47,000,​ Land, $23,000, Mortgage​ Payable, $46,000; Prepaid​ Insurance, $7,500;​ Supplies, $1,000; Unearned​ Revenue, $5,000; Wages​ payable, $2,000. Kramer and​ Associates' current liabilities​ are: A. ​$11,500. B. ​$62,500. C. ​$16,500. D. ​$57,500.

A certain monopoly has a marginal cost that depends on the quantity produced. The marginal cost is MC = 4Q
The marginal revenue curve is: MR = 40 – 4Q
The demand curve is: D = 40 - 2Q

Fixed cost of production $10, variable cost is $5 per unit produced.

1. a) Graph the MR, MC and demand curves!

2. b) Which quantity the monopoly will produce at which price?

3. c) Calculate the profit!

Assume a client requests you explain in writing to its Board of Directors the potential benefits and problems of electing to be taxed pursuant to Subchapter “S” of the Internal Revenue Code. Prepare a letter to the Board in not less than 1,000 nor more than 2,000 words. The letter should include how and when the election can be made, the effect on the tax liabilities of both the corporations and its shareholders, and a comparison with partnership taxation.