Answer the next question on the basis of the following cost data for a perfectly competitive firm. Total ProductAverage Fixed CostAverage Variable CostAverage Total CostMarginal Cost
1$100.00$17.00$117.00$17
250.0016.0066.0015
333.3315.0048.3313
425.0014.2539.2512
520.0014.0034.0013
616.6714.0030.6714
714.2915.7130.0026
812.5017.5030.0030
911.1119.4430.5535
1010.0021.6031.6041
119.0924.0033.0948
128.3326.6735.0056
Which of the following represents the firm's short-run supply schedule?

(1)(2)(3)(4)
PQsPQsPQsPQs
$5012$5012$5011$5011
4220421142104210
368369369369
328328328328
206206206206
13013513013
5

a) Table (1)

b) Table (2)

c) Table (3)

d) Table (4)

Prairie, inc. produces one single product. it has an annual capacity of 10,000 units, but currently uses only 80% of it. each unit is sold for $50 and requires direct material worth $30 and direct labor worth $5. manufacturing overhead cost is $10 per unit of which 70% is variable. should a special order to sell 1,000 units at $44 be accepted? yes no

Walmart’s scm system walmart is famous for its low prices, and you may have experienced its low prices first-hand. at least, you have probably seen its motto, “always low prices— always.” one of the biggest reasons walmart is able to sell at prices lower than almost everyone else is that it has a superefficient supply chain. its it-enabled supply chain management system is the envy of the industry because it drives excess time and unnecessary costs out of the supply chain. so, because walmart can buy low, it sells low. as a matter of fact, if your company wants to sell items to walmart for it to sell in its stores, you will have to do business with it electronically. if your company can’t do that, walmart won’t buy anything from you. log on to walmart’s web site (), search for supplier information, and find out what walmart’s requirements are for its suppliers to do business with it electronically. prepare a brief summary of its requirements for presentation in clas

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