In a small town, a steel mill produces air pollution. if the government does not intervene, the equilibrium price of steel will be and the equilibrium quantity of steel will be a. less than the socially optimal price, greater than the socially optimal quantity b. equal to the socially optimal price, equal to the socially optimal quantity c. greater than the socially optimal price, less than the socially optimal quantity d. greater than the socially optimal price, greater than the socially optimal quantity e. less than the socially optimal price, less than the socially optimal quantity the government could best correct this externality by ▼ subsidizing the production of steel prohibiting the production of steel taxing the production of steel .

Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

U. s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0) and 2006 (t = 4). the advertising revenue in 2002 was $5.9 billion.† (a) find an expression f(t) giving the advertising revenue in year t.