The following table shows marginal and average total cost schedules for a perfectly competitive firm. currently, the market price in this industry is $8. output (units) (q) marginal cost (mc) average total cost (atc) 0 -- -- 1 2 12 2 4 8 3 6 5 4 8 8 5 10 8 a profit-maximizing firm will produce 4 units. (enter your response as an integer.) the firm's short-run profit at this level of output is $ (round your response to the nearest penny.)

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting

What is the sequence of events that could lead to trade surplus