Morice Industries Incorporated has developed a new injection mold, model IA-05, that is designed to offer superior performance to a comparable injection mold sold by Morice's main competitor. The competing injection mold sells for $54,000 and needs to be replaced after 1,000 hours of use. It also requires $7,000 of preventive maintenance during its useful life. Model IA-05's performance capabilities are similar to the competing product with two important exceptions-it needs to be replaced only after 2,000 hours of use and it requires $8,000 of preventive maintenance during its useful life.From a value-based pricing standpoint what range of possible prices should Morice consider when setting a price for model IA-05?

A) $54,000 ≤ Value-based price ≤ $114,000
B) $54,000 ≤ Value-based price ≤ $108,000
C) $60,000 ≤ Value-based price ≤ $114,000
D) $60,000 ≤ Value-based price ≤ $108,000

Unintended inventory changes

A) precipitate explosive inflations of highly unstable stagflation.
B) are less important in Keynesian than in classical models.
C) ensure that planned saving is always equal to planned investment.
D) are signals to business firms to increase or cut production.

Research suggests fewer than ____ of user grasp the tone or intent of an e-mail.

A) 50 percent
B) 60 percent
C) 70 percent
D) 80 percent

Two countries with the same saving rates must have the same growth rate of real GDP per person.

Who said this statement? "If a foreign country can supply us with a commodity cheaper than we ourselves can make it,better buy it from them with some part of the produce of our own industry,employed in a way in which we have some advantage."

A) Adam Smith
B) Fredric Bastiat
C) Murray Weidenbaum
D) Joel Kurtzman
E) Clyde Prestowitz

Escalating commitment is a process of continuing or increasing the allocation of resources to a course of action even though a substantial amount of feedback indicates that the choice made is wrong.