Market supply is p = 10+0.5q and market demand is p = 150−3q in a perfectly competitive market. if a firm has fixed costs of 60, variable costs v c = 6q2 and marginal cost mc = 15q, which of the following will be true in the short run:
a. the firm will be producing and making positive profits.
b. the firm will be producing, but making a loss.
c. the firm will shut down.
d. not enough information to tell.

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive