39. Happy Hands: Happy Hands is a monopolistically competitive firm that faces the following demand schedule for its gloves. The firm has a fixed cost of $10 and a constant zero marginal cost. Price ($) Quantity (pairs of gloves) 30 1 20 2 18 3 16 4 12 5 8 6 5 7 In the long run, what is the likely outcome for Happy Hands

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)