As part of the initial investment, Ray Blake contributes equipment that had originally cost $118,900 and on which accumulated depreciation of $89,175 has been recorded. If similar equipment would cost $150,400 to replace and the partners agree on a valuation of $50,300 for the contributed equipment, what amount should be debited to the equipment account?

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 $