Use the following to answer the next 3 questions Janet has estimated the demand and marginal revenue (MR) for her product. Her demand is given by P = 100 – 2Q and her MR = 100 – 4Q. Her business has a constant marginal cost (MC) = 16 (=AC). 29) Janet’s firm has market power a. True b. False 30) Janet’s profit maximizing output and price is (Q*, P*) = a. (21, $58) b. (12, $85) c. (42, $16) d. (23, $60) e. none of the above 31) Janet’s total profit is a. $828 b. $882 c. 1012 d. 945 e. none of the abov

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be: