The long-run total cost faced by firms that hire operations managers with average talent is given by lt c a = 200 + 2 q 2 . the associated marginal cost function is given by lmc a = 4q, and the corresponding long-run average total cost is lat c a = 200/q + 2q. a. derive the firm supply curve for ice cream producers with extraordinary operations managers. b. derive the firm supply curve for ice cream producers with average operations managers. c. the minimum lat c a (for firms with average operations managers) is $40, achieved when those firms produce 10 units of output. the minimum lat c e (for firms with exceptional operations managers) is $28.28, achieved when those firms produce 14 units of output. explain why, given only that information, it is not possible to determine the long-run equilibrium price of 5-gallon tubs of ice cream.

The partnership of douglas, ryan, and ellen has dissolved and is in the process of liquidation. on july 1, 2016, just before the second cash distribution, the assets and equities of the partnership along with profit and loss sharing ratios were as follows: cash $30,000receivable - net $20,000inventories $25,000equipment - net $30,000total assets $80,000liabilities $12,000douglas, capital (20%) $28,000ryan, capital (50%) $24,000ellen, capital (30%) $16,000total liab./equity $80,000assume that the available cash is distributed immediately, except for a $2,000 contingency fund that is withheld pending complete liquidation of the partnership. how much cash should be paid to each of the partners? a. $3,200 douglas, $8,000 ryan, $4,800 ellenb. $5,600 douglas, $14,000 ryan, $8,400 ellenc. $16,000 douglas, $0 ryan, $0 ellend. $8,000 douglas, $0 ryan, $8,000 ellen