3. Suppose that the inverse demand curve for paper is = 300 − 2, the private total cost is = 50 + 2 Cp = 50Q + Q2 . During the production of paper, pollution is generated and the total
external cost from pollution is = 0.52.
3.1 What is the unregulated competitive equilibrium?
3.2 What is the social optimum? What specific tax (per unit of output) results in the social optimum
if a perfectly competitive market exists?
3.3 Assume that a monopoly market structure exists. What is the unregulated monopoly
equilibrium? What specific tax (per unit of output) results in the social optimum?

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?