Suppose that a monopolistically competitive restaurant is currently serving 240 meals per day (the output where mr = mc). at that output level, atc per meal is $10 and consumers are willing to pay $12 per meal.

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?