Suppose that the manager of a firm operating in a perfectly competitive market has estimated the average variable cost function to be: avc = 4.0 - 0.0024q + 0.6q2 fixed costs are $500. if the forecasted price of the firm’s output is $4.00, how much profit (loss) will the firm earn (round to the nearest dollar)?

a. -$943
b. $57
c. -$444
d. $557

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Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.

Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.