Park corporation is preparing a bid for a special order that would require 780 liters of material sun100. the company already has 580 liters of this raw material in stock that originally cost $6.80 per liter. material sun100 is used in the company's main product and is replenished on a periodic basis. the resale value of the existing stock of the material is $6.05 per liter. new stocks of the material can be readily purchased for $7.15 per liter. what is the relevant cost of the 780 liters of the raw material when deciding how much to bid on the special order?

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts