Cain Inc. reports net income of $16,000. Its comparative balance sheet shows the following changes: accounts receivable increased $7,000; inventory decreased $9,000; prepaid insurance decreased $2,000; accounts payable increased $4,000 and taxes payable decreased $3,000. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $