Acompany manufactures and sells halloween candy each year. output x is measured in tons of candy. the revenue and cost functions are r ( x ) = 710 x − x 2 c ( x ) = 600 + 12 x both revenue and cost are measured in dollars. a . find the profit function p ( x ) for this company. p ( x ) = b . find the x -intercepts of the revenue function. the x -intercepts of r ( x ) are ( 0 , 0 ) and . c . find the x coordinate of the vertex of the revenue function r ( x ) , for this company

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.