Which of the following is an expression of profit for a perfectly competitive firm? profit for a perfectly competitive firm can be expressed as;
(a) profitequals=(upper p times upper q )minus (tc times upper q )(p×q)−(tc×q), where p is price, q is output, and tc is total cost.
(b) profitequals=pminus−atc, where p is price and atc is average total cost.
(c) profitequals=ptimes×q, where p is price and q is output.
(d) profitequals=(upper p minus atc )times upper q(p−atc)×q, where p is price, q is output, and atc is average total cost.
(e) profitequals=pminus−mc, where p is price and mc is marginal cost.

Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?

Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery. can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?