Suppose a price-taking firm has no fixed costs and the following marginal costs: Quantity 1 2 3 4 5 6 7 MC 50 30 60 80 100 140 200 If the market price of the good is $100, how much profit will this firm receive

In 2017, "a public university was awarded a federal reimbursement grant" of $18 million to carry out research. of this, $12 million was intended to cover direct costs and $6 million to cover overhead. in a particular year, the university incurred $4 million in allowable direct costs and received $3.4 million from the federal government. it expected to incur the remaining costs and collect the remaining balance in 2018. for 2017 it should recognize revenues from the grant of