Costume jewelry is produced in a monopolistically competitive market. a profit-maximizing producer finds that marginal revenue = marginal cost = $4.50 when output is 700 rings. an economist studying this information can conclude that: a. the producer is charging a price of $4.50.b. economic profit is $3,150.c. the producer charges a price greater than $4.50.d. new firms will want to enter. e.this producer should produce more than 700 rings

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.