Sanametric Inc. sells specialized appliances in both the US and Canadian markets. Because of the different styles of plugs and wall outlets, an appliance purchased in one market cannot be sold in another market. The inverse demand curves for each countries have the following equations: US:
P US = 20,000 - 20Q
Canada:
PCA= 25,000 - 50Q

Their production has constant returns to scale and it takes $1,000,000 to produce 100 appliances.

Required:
What is Sanametric's long run average cost function?

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58