Answer:
$65
Explanation:
The inverse demand function is as follows:
P = 120 - Q
TR = 120Q - Q²
MR = 120 - 2Q
The marginal cost is constant at $10.
The profit maximizing point is where MR = MC
MR = MC
102 - 2Q = 10
Q = 55
P = 120 - Q = $65
check additional details in the attached files
Answer:
Debit Credit
Accounts Receivable xxx
Revenue xxx
Explanation:
Since the services to the customers has been provided by the StoryBook Company for the month of the December, therefore,the revenue shall be credited in the accounts of the StoryBook Company but since the customer has not paid for the services provided, therefore the accounts receivable shall be debited and accordingly the following journal entry shall be recorded in the accounts by the StoryBook Company:
Debit Credit
Accounts Receivable xxx
Revenue xxx
Answer:
decrease the bid price in the OTCBB
Explanation:
Given that, the dealer's Bid price is too high, this is believed to be the reason behind the sellers trying to make orders. Hence, to reduce the orders, the dealer will lower the Bid price.
Hence, in this case, the best answer or alternative to be considered is that, the dealer would most likely decrease the bid price in the OTCBB, this is specifically to discourage the sellers.
Answer:
interest rates change! hope this helps! :)
Explanation:
