The owner of a wheat farm sells her produce in a perfectly competitive market. Her annual wheat turnover amounts to 800 bushels, generating a total revenue of $4,800. However, harvesting the 801st bushel of wheat increases her total cost of farming from $4,800 to $4,806.
This implies that the wheat producer's:

a) average fixed cost will rise if she harvests the 801st bushel of wheat.
b) revenue will fall by $8 if she harvests the 801st bushel of wheat.
c) marginal revenue will equal marginal cost for the 801st bushel of wheat.
d) profit will fall by $10 if she harvests the 801st bushel of wheat.

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk