Consider a perfectly competitive market in which each firm's short-run total cost function is C = 36 + 15q + ^q2, where q is the number of units of output produced. The associated marginal cost curve is MC = 15 + 2q.
1) In the short run, each firm is willing to supply a positive amount of output at any price above$ . (Enter your response as a real number rounded to two decimal places.)
2) If the market price is $31, each firm will produce units in the short-run. (Enter your response as a real number rounded to one decimal place.)
3) Each firm earns a profit of $. (Enter your response as a real number rounded to two decimal places, and use a negative sign if the firm has a loss rather than a profit.)
4) In the long run, firms will the industry.

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i. e., to have ebit = zero?

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?