Suppose a perfectly competitive firm's total cost of production (tc) is tc(q)equals=q cubedq3minus−66q squaredq2plus+4040qplus+1010, and the firm's marginal cost of production (mc) is mc(q)equals=3q squaredq2minus−1212qplus+4040. the firm's short-run supply curve is given by

a. pequals=3q squaredq2minus−1212qplus+4040 for prices above $3131.

b. pequals=q squaredq2minus−66qplus+4040 for prices above $3131.

c. pequals=3q squaredq2minus−1212qplus+4040 for prices above $33.

d. pequals=q squaredq2minus−66qplus+4040 for prices above $6262.

e. pequals=q squaredq2minus−66qplus+4040plus+sta rtfraction 10 over q endfraction 10 q.

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?