Recently, the spot market price of u. s. hot rolled steel plummeted to $400 per ton. just one year ago, this same ton of steel cost $700. according to metals monitor, the drop in price was due to falling oil prices, along with a rise in cheap imports and excess capacity. these dramatic market changes have greatly impacted the supply of raw steel. suppose that last year the supply for raw steel was qsraw= 600 + 4p, but this year it has shifted to qsraw = 4,200 + 4p. assuming the market for raw steel is competitive and that the current worldwide demand for steel is qdraw = 9,000 – 8p, compute the equilibrium price and quantity for the steel market one year ago, and the equilibrium price–quantity combination for the current steel market. price one year ago: $ one year ago: for current market: $ for current market: the cost function of a representative steel producer is c(q) = 1,200 + 15q2.how much raw steel does a representative firm produce when the market price is $ much raw steel does a representative firm produce when the market price is $

Monetary policy in the united states is carried out primarily by which of the following agencies? a. the department of the treasury b. the small business association c. the federal reserve bank d. the u.s. mint 2b2t

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300