In each round of the market experiment you will be either a buyer or a seller. as a buyer, you will make a "bid," where you offer a price at which you agree to buy the product. as a buyer, before each round begins, you will be told the highest amount you are willing to pay (your willingness to pay (wtp)) for a single unit. you won't be able to offer an amount higher than your wtp. for example, if your wtp is $10.00, you cannot bid $10.01. your goal is to buy the good for the lowest price possible, in order to make your gains (the difference between an accepted bid and your wtp) as large as possible. in your second round as a buyer, your wtp will change.

as a buyer, you you offer a price at which you agree to the product
(a) a call, sell
(b) a bid, buy
(c) a purchase, bill
(d) none of the above

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)