Jack owns a bicycle shop where he sells and repairs bicycles. His revenue is $400,000 per year. His shop is in a building that he owns and could rent for $20,000 per year. He has an assistant to whom he pays a $30,000 salary each year. He paid $100,000 to purchase the inventory of bicycles he sells. He pays a total of $50,000 in taxes, insurance, and utilities each year. In order to operate his shop, Jack gave up his job as a CPA, where he earned $100,000 per year. What are Jack's implicit costs

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?