Terminus sells fencing in a perfectly competitive market. Below are its short-run total variable costs at different output levels. The firm's fixed cost is $20. The fencing sells at $12 per unit. Units Total Variable Cost
0 $0
1 $10
2 $18
3 $26
4 $36
5 $50
6 $70
a. What is the average total cost of the 6th unit of fencing?
b. What is the first unit of output where diminishing marginal returns have begun?
c. What economic profit or loss would Terminus earn at its profit maximum? Show your work.
d. Would Terminus operate in the short run? Explain.
e. Would Terminus stay in the market in the long run? Explain.

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Acrosswalk_when there are no pavement markings.

10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect