The following equations describes a monopolist's (who sells soccer balls in Durham arca) demand marginal revenue, total cost, and marginal cost: Demand : P = 10 - Q Marginal Revenue: MR = 10 - 20 Total Cost : TC = 3 + Q + 0.5Q ^ 2 Marginal Cost = 1 + Q Where Q is the quantity and P is the price measured in dollars Find out the profit- maximizing output of soccer balls. At what price they are sold? What is the monopolist's profit? (Hint: to figure out the profit you need to calculate the ATC, divided both sides of the given TC equation by Q to find the equation for ATC. Then plug in the Q and values you have calculated ).

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak