Practice problem 10A You can sell as much of any product you want at $82. Your TCE (Total cost Equation)
is: TC = 196 +20 + 4Q

a) What are your fixed costs?

b) What is the profit maximizing level of output?

c) How much profit is the firm making at the profit-maximizing level?

d) Select true or false for following problem:

in this situation, the profit-maximizing level
of output is also the level of output that minimizes average cost.

Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ