A farmer has 200 acres of land available for growing corn and soybeans. The cost of growing corn is $60 per acre, while the cost of growing soybeans is $80 per acre. The farmer has a maximum of $12,000 available to spend growing the crops. Each acre of corn requires 20 hours of labor and each acre of soybeans requires 10 hours of labor. The farmer has a maximum of 3000 hours of labor available. If the farmer expects to make a profit of $200 per acre on corn and $150 per acre on soybeans, how many acres of each should be planted to maximize the profit

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

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Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?