Prescott Pharmaceuticals is a profit-maximizing firm. It has a patent for a unique life-giving medicine called Vacsa. A patent gives inventors the exclusive right to produce and market a product for a period of time.
a) Assume that Prescott Pharmaceuticals is making economic proft. Draw a correctly labeled graph and show the profit-maximizing price and quantity.
b) Assume that the government imposes a lump-sum tax on Prescott Pharmaceuticals.
i) What will happen to output and market price? Explain.
ii) What will happen to Prescott Pharmaceuticals' profits?

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Even sole proprietors should have at least how many computers? 1 2 3 4