Consider a country with the following aggregate demand curve for cars.Q = 2000 – 20.P There is a industry with following marginal and average cost curves. MC = 10 + 0.01 QAC = 10 + 0.005Q Assume that the industry is a monopoly and there is no free trade. a. What is the monopolist’s marginal revenue curve? (Hint: Express demand curve as P = A – B.Q form, and estimate MR) b. What is the monopolist’s profit maximizing output? c. What is the profit maximizing price? d. What is the profit? e. Show this in a diagram.

Flex Fitness is a health and fitness club that operates gym facilities through out the United States.Flex Fitness members pay their membership dues annually.Selected fiscal- year information from the company's balance sheets follows(thousands).
Selected Balance Sheet Data
2016
Defered membership Income( liability)
500,568
2017
453,881
During fiscal 2016, Flex Fitness collected$1,119,833 cash for membership fees.Calculate the membership fee revenue that flex fitness recognizied during the year.

Given the following two equipment with different service​ lives, assume repeatability and determine which one is more economical. Use a MARR of 6​%per year.

Click the icon to view the interest and annuity table for discrete compounding when i equals=6​% per year.

A.

Condor

B.

They are equivalent

C.

Eagle

If the government decides to impose a tax of 20 cents per litre on petrol, illustrate the impact of the tax on market equilibrium price, and discuss whether the outcome is efficient by demonstrating the change of consumer’s and producer’s surplus as a result of the tax.

•Draw a demand and supply model, with demand curve.

•Show the shift of S as a result of 20 cent tax.

•Identify new equilibrium.

•Mark the price paid by consumer and received by the seller.

•Demonstrate change of consumer and producer’s surplus, tax revenue, and deadweight loss.

Use the following equations to calculate aspects of the incidence of a tax on demand:

Qd = 720 - 205P
Qs = -170 + 150P
Qs (with tax) = -220 + 150P

Find:

Q before tax =
Q after tax =
P before tax =
Pc =
Pp =
Tax rate (t) =
Tax revenue (TR) =
TR (coming from consumer surplus) =
TR (coming from producer surplus) =
Deadweight Loss (DW) =
DW (coming from consumer surplus) =
DW (coming from producer surplus) =

On December 1, Daw Co. accepts a $16,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)

Record the year-end adjustment related to this note, if any.

Record the journal entry on the note’s maturity date assuming it is honored. Assume Daw Company does not prepare reversing entries.

Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas.

(a)

Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)

1. Consider the following demand, TC, MC and MR equations:

P=56-Q

TC=3Q²+20

MC=6Q

MR=56-2Q

1. What is the quantity set by a monopolist?

2. What is the price set by the monopolist?

3. What is the quantity set in perfect competition?

4. What is the price set in perfect competition?

5. Draw the demand and supply graph. Include and label appropriately the marginal revenue curve, and indicate the equilibrium in perfect completion and in monopoly.

6. On the graph shade in the area denoting DWL if there is monopoly.