Monroe manufacturing produces and sells a product with a price of $100/unit. the following data has been prepared for its estimated upper and lower levels of activity. production category lower limit upper limit units of production 4,000 units 6,000 units direct materials $60,000 $90,000 direct labor $80,000 $120,000 manufacturing overhead: indirect materials $25,000 $37,500 indirect labor $40,000 $50,000 depreciation $20,000 $20,000 selling and admin. expenses: sales salaries $50,000 $65,000 office salaries $30,000 $30,000 advertising $45,000 $45,000 other $15,000 $20,000 totals $365,000 $477,500 the only variable expenses for this company are

In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage.answers: valuablerareinimitableun-substitutable

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.