The figure below shows the cost curves for a competitive firm. (5 marks) i. What must be the minimum price for the firm to earn economic profit? ii. The firm will incur economic losses if the price is less than Why? iii. If the market price is $15 per unit, the firm will earn profits of Why? iv. If the firm is to operate in the short run, price must exceed Why? v. If the profit-maximizing level of output is 40, price is equal to Why? vi. The firm will shut down in the short run if price falls below Why?

An office manager is concerned with declining productivity. despite the fact that she regularly monitors her clerical staff four times each day—at 9: 00 am, 11: 00 am, 1: 00 pm, and again at 3: 00 pm—office productivity has declined 30 percent since she assumed the helm one year ago. would you recommend that the office manager invest more time monitoring the productivity of her clerical staff? explain.

What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.