Nettie can produce either 8 cupcakes or 4 hamburgers. becky can produce either 4 cupcakes or 8 hamburgers. suppose that nettie and becky each specialize in the production of the good for which they have a comparative advantage and decide to trade. the terms of trade are 1 cupcake for 1 hamburger. after trade, how many hamburgers will nettie consume if becky consumes 4 hamburgers? how many cupcakes will becky consume if nettie consumes 4 cupcakes?

The link between volume of production and the cost of building manufacturing operations is particularly important in industries characterized byanswers: process innovations.product manufacturing.product innovation.process manufacturing.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.