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Which of the following is most likely to be detected by an auditor’s review of an entity’s sales cutoff?

The demand for a good is P= 40 – 3Q. The supply is P= 20 + 2Q. Assuming a perfectly competitive market : a) What is the equilibrium price and quantity?b) What is the consumer surplus? c) What is the producer surplus? d) What is the total wealth?

Assume you have $50,000 and you are willing to invest. You have two choices: a) A safe investment that promises to pay 8% profit after 1 year.b) A risky investment that has a 10% chance you might lose all your money and 90% chance you might receive X amount of money. 1) How much do you expect to get paid for a year in the second investment to be indifferent between two investment choices? (the two investments have the same Expected Profit)2) What is the Risk Premium in the second choices?

Which of the following example words are important to use in your documentation. Please choose all that apply  

If we say a good is “perfectly inelastic”, then:

Please explain the following terms: 1) Renewable portfolio standard2) Capacity factor

The following table describes the TOTAL cost of polluting: Firm 0 units pollution 1 unit pollution 2 units pollution 3 units pollution 4 units pollution A 200 90 40 20 0 B 180 110 50 15 0 C 205 100 45 20 0 a) What are the marginal costs of each unit of pollution abatement? b) The government decides to sell FIVE pollution permits. What do you expect the price to be for the 5th permit? c) The government gives firms B and C 3 permits each (but none to Firm A). How will the three firms trade their permits?                                Show all the work. Explain how the price of the 5th permit is calculated. If there is a trade, what is the price range, and between which firms?            

Please choose the correct abbreviations for the following sentence. Patient is educated on durable medical equipment.  

 Following table shows the demand for three goods: Price of good A Quantity Sold of good A Quantity Sold of good B Quantity Sold of good C $50 250 400  200 $60 220  280 140 1) Calculate cross-elasticity of demand between good A and B2) Based on your result in part 1 explain the relationship between Goods A and B (are they substitutes or complements)3) Calculate cross-elasticity of demand between good A and C4) Based on your result in part 3 explain the relationship between Goods A and C (are they substitutes or complements)

 Cost function for a hypothetical firm is TC ($) = 250 + 5Q + 0.5Q2 Please calculate the following cost items for producing 10 units of product: 1) Fixed Costs 2) Variable Costs 3) Total Costs 4) Average Total Cost 5) Marginal Cost (assuming that the firm is already producing 10 units, what is cost of producing one more unit)