Brody's firm produces trumpets in a perfectly competitive market. The table below shows Brody's total variable cl He has a fixed cost of $240, and the price per trumpet is $50. Total Variable Cost Quantity 6 7 8 $120 $145 $165 $220 10 $290 11 $390
a. Calculate the average total cost of producing 8 trumpets. Show your work.
b. Calculate the marginal cost of producing the 10th trumpet.
c. What is Brody's profit-maximizing quantity? Use marginal analysis to explain your answer.
d. At the profit-maximizing quantity you determined in part (C), calculate Brody's profit or loss. Show your work.
e. Brody also produces saxophones at a profit in a perfectly competitive market. Draw a correctly labeled gra for Brody's firm showing the following at a market price of $200.
i Brody's profit-maximizing quantity of saxophones
ii. Brody's loss, completely shaded

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?

True of false: the chancellor of a university has commissioned a team to collect data on students' gpas and the amount of time they spend bar hopping every week (measured in minutes). he wants to know if imposing much tougher regulations on all campus bars to make it more difficult for students to spend time in any campus bar will have a significant impact on general students' gpas. his team should use a t test on the slope of the population regression.