British textile manufacturer entered into a contract with cotton broker for 2,000 bales of cotton to be shipped from india to england on the ship "peerless, sailing from bombay." the contract was silent about the shipping date. buyer expected the cotton to be shipped on the peerless that sailed from bombay in october; seller expected to ship the cotton on the peerless that sailed from bombay in december. by the time the second ship arrived in england, buyer had found another supplier and refused to accept the cotton. does manufacturer have any defenses to the breach of contract suit brought by broker?

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production