Suppose for some firm that average total cost is minimized at q1 units of output. for a monopolistically competitive firm in long-run equilibrium, q1 a. exceeds the level of output at which there is a point of tangency between the demand curve and the average total cost curve. b. exceeds the level of output at which marginal revenue equals marginal cost. c. is also the level of output at which marginal cost equals average total cost. d. all of the above are correct.

Which term refers to the amount of products generated divided by the inputs necessary to create that output? a. performance b. industry ranking c. productivity d. organizational performance e. organizational effectiveness

At a roundabout, you must yield to a. already in the roundaboutb. entering the roundaboutc. only if their turn signal is ond. only if they honk at you

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?