For an imperfectly competitive firm: Group of answer choices the marginal revenue curve lies below the demand curve because any reduction in price applies to all units sold. the marginal revenue curve lies below the demand curve because any reduction in price applies only to the extra unit sold. total revenue is a straight, upsloping line because a firm's sales are independent of product price. the marginal revenue curve lies above the demand curve because any reduction in price applies to all units sold.

Which of the following statements accurately describes how costs and benefits are calculated?

Achecklists should be based on past

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))