The market price of milk is $2.50 per gallon. The relationship between the farm's output and total costs is shown in the table below. Quantity (gallons per day dollars per day) 0 100 200 300 400 500 600
Total cost (dollars per day) 400 703 880 1,008 1,16 1,410 1,840
Total Variable (costs)
Average Variable (costs)
Average Total (costs)
Marginal (Costs)
A. Draw Petunia's average variable, average total, and marginal cost curves. (Hint: You need to calculate these first)
B. Use your graphs to find Petunia's profit-maximizing output.
C. If Petunia maximizes her profit, how much profit does she make?
D. What is Petunia's shutdown point? What is her economic profit at the shut-down point?

James has set the goal of achieving all "a"s during this year of school.which term best describes this goal

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars