Areduction in a monopolist's fixed costs would select one: a. not effect the profit-maximizing price or quantity. b. possibly increase, decrease or not effect profit-maximizing price and quantity, depending on the elasticity of demand. c. increase the profit-maximizing price and decrease the profit-maximizing quantity produced. d. decrease the profit-maximizing price and increase the profit-maximizing quantity produced.

Selected transactions for front room, an interior decorator corporation, in its first month of business, are as follows. 1. issued stock to investors for $15,700 in cash. 2. purchased used car for $10,800 cash for use in business. 3. purchased supplies on account for $370. 4. billed customers $5,150 for services performed. 5. paid $270 cash for advertising start of the business. 6. received $1,230 cash from customers billed in transaction (4). 7. paid creditor $250 cash on account. 8. paid dividends of $370 cash to stockholders. for each transaction indicate (a) the basic type of account debited and credited (asset, liability, stockholders' equity); (b) the specific account debited and credited (cash, rent expense, service revenue, etc.); (c) whether the specific account is increased or decreased; and (d) the normal balance of the specific account.

Arival company manufactures fuel tanks for cars using a different production technique. the total weekly cost (in dollars) of producing x tanks is given by c(x) = 10000 +90x - 0.04x2 find the marginal cost at a production level of 500 fuel tanks per week to approximate the cost of the 501st unit (round to the nearest 2 decimal places, if needed)

True or false: equipment is acquired for $140,000 with a $20,000 residual value. the double-declining balance method is used. at the end of its useful life, the asset is sold for $19,000 in cash. a loss of $1,000 should be recognized.