Nthe economy of mungo, discussed in your workbook, there is a third person called ike. ike has a red income of 56 and a blue income of 10. (recall that blue prices are 1 bcu [blue currency unit] per unit of ambrosia and 1 bcu per unit of bubblegum. red prices are 2 rcus [red currency units] per unit of ambrosia and 6 rcus per unit of bubblegum. you have to pay twice for what you buy, once in red currency, once in blue currency.) if ike spends all of his blue income, but not all of his red income, then it must be that: (a) he consumes at least 9 units of bubblegum.(b) he consumes at least 1 units of ambrosia.(c) he consumes exactly twice as much bubblegum as ambrosia.(d) he consumes at least 17 units of bubblegum.(e) he consumes equal amounts of ambrosia and bubblegum. the correct answer is (b)he consumes at least 1 units of ambrosia. explain how you solve this.

Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?