8. Suppose that the demand for bentonite is given by Q = 40 − 0.5P, where Q is in tons of bentonite per day and P is the price p
er ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit is earned per day if the profit-maximizing quantity of bentonite is sold at the profit-maximizing price?
Line of credit increases liability in a company's Balance sheet only when it is used. Thus, PBC (Peanut Butter & Chocolate) Company will have debt of $20 Million and Assets of $570 Million