The long-run total cost faced by firms that hire operations managers with average talent is given by lt c a = 200 + 2 q 2 . the associated marginal cost function is given by lmc a = 4q, and the corresponding long-run average total cost is lat c a = 200/q + 2q. a. derive the firm supply curve for ice cream producers with extraordinary operations managers. b. derive the firm supply curve for ice cream producers with average operations managers. c. the minimum lat c a (for firms with average operations managers) is $40, achieved when those firms produce 10 units of output. the minimum lat c e (for firms with exceptional operations managers) is $28.28, achieved when those firms produce 14 units of output. explain why, given only that information, it is not possible to determine the long-run equilibrium price of 5-gallon tubs of ice cream.

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.