When excess capacity exists,managers should accept a special order if the special order price exceeds the ________.

Given that the firm offers both the products,what is the maximum price it can charge for the high-end wok to have the chefs only buy the high-end wok?

A) ​$70
B) $80
C) $90
D) ​$100

Common resource is another term for public good.

In some remote communities, there was only one employer in the local labor market several years ago, but the number of firms that hired workers in the market increased over time. What is the expected change in the local labor market as the number of employers increased (ceteris paribus) ?

A) Wages and employment increase.
B) Wages remain the same but employment increases.
C) Wages increase but employment remains the same.
D) Wages and employment decline.