Throughout the course, you will need to identify various technology trends and sources of data that will help you understand those things impacting your CLC’s company. Sources may include the following: www. strategyclub, GCU library, government sites, white papers, etc. Of the sources that you have identified, which sources do you believe would be most useful and why, as it applies to the strategic case analysis and recommendations for strategic plan development?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?