Amonopoly faces the following demand curve: q = 81/(p^2) where q is the quantity demanded and p is the price. its average variable cost is avc = (q^.5) and its fixed cost is 2.a. what are its profit-maximizing price and quantity and what is the resulting profit? [hint: mc = 1.5q0.5 , mr = 4.5q-0.5]b. suppose the government regulated the price to be $4.00 per unit. how much will the monopolist produce and what will profit be with this regulation? c. suppose the government wants to set a ceiling price that induces the monopolist to produce the largest possible output. what price will accomplish this goal?

Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: