Assume that electricity production has been done by several regional firms in the u. s. each operating as a pure monopoly. a. explain and graphically illustrate how the electrical monopolist would determine its profit maximizing price and output level. (label pm and qm)b. identify any area of consumer and/or producer surplus for the profit maximizing monopoly. c. identify the deadweight loss for the monopolist.(on graph)

Teller co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during may. each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. manufacturing overhead is applied at a rate of 110% of direct labor costs. teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. what is the total amount to be budgeted for manufacturing overhead for the month?

The distinction between a normal and an inferior good is

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.