Summit products, inc. is interested in producing and selling an improved widget. market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price. the current cost to produce the widget is estimated to be $65. summit has learned that a competitor plans to introduce a similar widget at a price of $80. if summit requires a 25% return on sales, what is the target cost for the new widget? group of answer choices

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.