If short-run marginal cost and average variable cost curves for a competitive firm are given by smc = 2 + 4q, and avc = 2 + 2q, a)how many units of output will it produce at a market price of $10? (15 points)b)at what level of fixed cost will this firm earn zero economic profit?

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?