Maxim manufactures a hamster food product called green health. maxim currently has 10,000 bags of green health on hand. the variable production costs per bag are $2.10 and total fixed costs are $10,000. the hamster food can be sold as it is for $9.35 per bag or be processed further into premium green and green deluxe at an additional $2,300 cost. the additional processing will yield 10,000 bags of premium green and 3,300 bags of green deluxe, which can be sold for $8.35 and $6.35 per bag, respectively. the net advantage (incremental income) of processing green health further into premium green and green deluxe would be:

How does the economy of cuba differ from the economy of north korea? in north korea, the government’s control of the economy has begun to loosen. in cuba, the government maintains a tight hold over the economy. in cuba, the government’s control of the economy has begun to loosen. in north korea, the government maintains a tight hold over the economy. in north korea, there is economic uncertainty in exchange for individual choice. in cuba, there is economic security in exchange for government control. in cuba, there is economic uncertainty in exchange for individual choice. in north korea, there is economic security in exchange for government control.\

You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost.overhead cost.opportunity cost.sunk cost.

You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm