American idle sells hammocks in a perfectly competitive market. this year, the price of hammocks has fallen to $24, and simon cowbell, the manager of american idle, is trying to decide what to do. he discovers that his average variable cost (avc) is $25, average total cost (atc) is $30, and marginal cost is $24 and upward sloping. what should he do? a. decrease production so that mc falls below $27. b. increase production until atc falls below $27. c. shut down because p avo.

For each example identify the most appropriate ctso

What is used by accountant to analyze transactions ?

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?