U.S. prices rose at an average annual rate of about 3.6 percent over the last 80 years.

A graphic design studio is considering three new computers. The first model, A, costs $5000. Model B and C cost $3000 and $1000 respectively. If each customer provides $50 of revenue and variable costs are $20/customer, find the number of customers required for each model to break even.

​In profit centers

A) ​Managers are easy to evaluate because there is a simple metric of how well they performed
B) Managers typically do not have the information to run their division efficiently
C) Managers' decisions rarely affect other divisions
D) ​Managers typically do not have the incentives to run their division efficiently

To maximize total surplus with a monopoly firm, a benevolent social planner would choose the level of output where

A) MR = MC.
B) MR intersects the demand curve.
C) MC intersects the demand curve.
D) MR exceeds MC by the greatest amount.

Creditors' information needs revolve around all of the following decisions, except

A) extending credit
B) maintaining a credit relationship
C) not extending credit
D) investing in credit instruments

What supplier selection criteria are described by attitude, cultural compatibility, training aids, packaging, and repair service?

A) Sustainability
B) Financial considerations
C) Reliability
D) Desirable qualities

If your firm had $300,000,the going rate of interest on business loans was 12 percent and your firm's expected profit rate was 17 percent,what would you do with this money?

A) Keep it in the bank.
B) Lend it to a competitor.
C) Use it to finance your own expansion.

In the table below are selected values for the OC curve for the acceptance sampling plan n = 210, c = 6. Upon failed inspection, defective items are replaced. Calculate the AOQ for each data point. (You may assume that the population is much larger than the sample.) Plot the AOQ curve. At approximately what population defective rate is the AOQ at its worst? Explain how this happens. How well does this plan meet the specifications of AQL = 0.015, α = 0.05; LTPD = 0.05, β = 0.10? Discuss.
$$\begin{array}{cc}\text{ Population percent defective }& \text{ Probability of acceptance }\\ 0.00& 1.00000\\ 0.01& 0.99408\\ 0.02& 0.86650\\ 0.03& 0.55623\\ 0.04& 0.26516\\ 0.05& 0.10056\\ 0.06& 0.03217\\ 0.07& 0.00905\\ 0.08& 0.00231\\ 0.09& 0.00054\\ 0.10& 0.00012\end{array}$$