A firm in perfect competition market has TC (USD) = 3Q2 + 7Q + 192, where Q is in units. 1. What are the functions for AVC, MC and firm’s supply curve? 2. When market price is 67$, what is the maximal profit of this firm? 3. What are break-even quantity and price of this firm? 4. When market price is 19$/unit, what is the firm’s decision? 5. What is the firm’s producer surplus in question 2?

Why is efficiency an important economic goal?

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.