Sparkle is one firm of many in the market for toothpaste, which is in long-run equilibrium.
a. draw a diagram showing sparkle's demand curve, marginal-revenue curve, average-total-cost curve, and marginal-cost curve. label sparkle's profit-maximizing output and price.
b. what is sparkle's profit? explain.
c. on your diagram, show the consumer surplus derived from the purchase of sparkle toothpaste. also show the deadweight loss relative to the efficient level of output.
d. if the government forced sparkle to produce the efficient level of output, what would happen to the firm? what would happen to sparkle's customers?

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?

Who owns a renter-occupied apartment? a. the government b. a landlord c. the resident d. a cooperative