Mullins distribution markets cds of numerous performing artists. at the beginning of march, mullins distribution had in beginning inventory 2,500 cds with a unit cost of $7. during march, mullins distribution made the following purchases of cds. march 5 2,000 @ $8 march 21 5,000 @ $10 march 13 3,500 @ $9 march 26 2,000 @ $11 during march 12,000 units were sold. mullins distribution uses a periodic inventory system.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g

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