Consider a perfectly competitive market described by the supply function p = 10 + 0.2q and demand function p = 60 - 0.3q. if the market is in equilibrium, then an individual firms total revenue (tr), average revenue (ar) and marginal revenue (mr) functions are:
tr = 26q, ar = 26, and mr = 26
tr = 30q, ar = 30, and mr = 30
tr = 35q, ar = 35, and mr = 35
tr = 60 - 0.3q, ar = 60 - 0.6q, and mr = 60 - 0.3q
tr = 60q - 0.3q2 , ar = 60 - 0.3q, and mr = 60 - 0.6q

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance