7. Problems and Applications Q7 Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q=240N−P Marginal Revenue: MR=240N−3Q Total Cost: TC=100+Q2 Marginal Cost: MC=3Q As N rises, the demand for each firm's product . How many units does each firm produce? 40N 40 40N 1,440N What price does each firm charge? 240N 200N 200N 280N How much profit does each firm make? 6,400N2−100 9,600N2−100 100+1,600N2 8,000N2 In the long run, firms will exist in this market.

The different concepts in the architecture operating model are aligned with how the business chooses to integrate and standardize with an enterprise solution. in the the technology solution shares data across the enterprise.

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a