Assume a competitive firm faces a market price of $120, a cost curve of: C = one third q cubed plus 20 q plus 500 , and a marginal cost of: MC equals q squared plus 20. What is the firm's profit maximizing output level? nothing units. (round your answer to two decimal places) What is the firm's profit maximizing price? $ 120. (round to the nearest penny) What is the firm's profit? $ nothing. (round to the nearest penny) In the short-run, this firm should ▼ produce shut down .

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?