Answer and Explanation:
(a)
Dr Land ($176 X $20,000) $3,520,000
Cr Treasury Stock ($153 X $20,000) $3,060,000
Cr Paid-in Capital from Treasury Stock $460,000
b)
Cost of treasury stock might be used although , this is not a relevant measure of this economic event but it is a measure of a prior, unrelated event. Therefore the appraised value of the land is a reasonable alternative if based on appropriate fair value estimation techniques. However, it is an appraisal as opposed to a market-determined price. The trading price of the stock is probably the best measure of fair value in this type of transaction.
Answer:
attached below is the indifference curve
Explanation:
The indifference map attached shows the Great woman's preference for coconut water as a neuter good and beef as an economic good
as per instruction given in the question the Y axis represents the preference for beef, since coconut being a neuter good, the indifference curve will be a straight line .
note : movement along the y axis is in the upward direction.
What should be the basic goal of a firm when it sets a level of output?
The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.
Here is the correct answer of the given question above. In economics, the complementary good to energy drinks would be SWEETS. In economics, a complementary good is defined as the good that can be used along with other goods. In addition, a substitute good for energy drinks can either be coffee or tea. Hope this answer helps.
Answer: The profit at the optimal quantity will be $16.
Explanation: The producer will choose a quantity where,
MC≤MR
This happens at the 4th unit of output. So 4 units will be the optimal quantity.
After the 4th unit profit starts falling. So, the producer will never choose to produce the 5th unit.
