Hannah byers and kathleen taylor are considering the possibility of teaching swimming to kids during the summer. a local swim club opens its pool at noon each day, so it is available to rent during the morning. the cost of renting the pool during the 10-week period for which hannah and kathleen would need it is $1,700. the pool would also charge hannah and kathleen an admission, towel service, and lifeguarding fee of $7 per pupil, and hannah and kathleen estimate an additional $5 cost per student to hire several assistants. hannah and kathleen plan to charge $75 per student for the 10-week swimming class.

(a) how many pupils do hannah and kathleen need to enroll in their class to break even?
(b) if hannah and kathleen want to make a profit of $5,000 for the summer, how many pupils do they need to enroll?
(c) hannah and kathleen estimate that they might not be able to enroll more than 60 pupils. if they enroll this many pupils, how much would they need to charge per pupil in order to realize their profit goal of $5,000?

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Susan is a 5th grade teacher and loves getting up every day and going to work to teach her students. this is an example of a. extrinsic value b. interests c. intrinsic value d. external value

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35