Bill operates a boat rental business in a competitive industry. he owns 10 boats and pays $1,000 per month on the loan that he took out to buy them. he rents each boat for $200 per month. the variable cost for each boat rental is $50. in the off season, bill should (points : 5)
operate his business as long as he rents at least 7 boats per month.
operate his business as long as he rents at least 1 boat per month.
operate his business as long as he rents all 10 boats each month.
raise the price he charges per boat rental.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

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.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?