Consider the following three market baskets: Basket A: 6 units of food and 3 units of clothing, Basket B: 8 units of food and 5 units of clothing, Basket C: 5 units of food and 8 units of clothing. If preferences satisfy all four basic assumptions, which of the following statement is correct? a. A is on the same indifference curve as B.
b. B is on the same indifference curve as C.
c. A is preferred to C.
d. B is preferred to A.

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: