Rom Generators is in the process of preparing a production cost budget for August. Actual costs in July for the production of 60 generators were: Materials cost $ 5,200
Labor cost 2,600
Rent 1,200
Depreciation 1,700
Other fixed costs 4,600
Total $15,300

Materials and labor are the only variable costs. The company has estimated that it can increase sales to 70 generators in August if it changes the selling price of generators to $450 instead of the current $480 per unit. What is expected to occur to the cost per unit given the expected changes?
A. It will increase because more units will be produced.
B. It will decline because fixed costs do not increase with increases in volume.
C. It will decline because selling price per unit declines.
D. It will increase because fixed costs do not increase with increases in volume.

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]