(Table: Demand for Lenny's Coffee) Use Table: Demand for Lenny's Coffee.Lenny's Café is the only source of coffee for hundreds of miles in any direction.If Lenny's marginal cost of selling coffee is a constant $2 and he has no fixed costs,and the government forces Lenny to charge a price that eliminates deadweight loss,Lenny will charge _____ per cup and sell _____ cups.
Cost management tools and techniques that may provide data for negotiations with internal organizational stakeholders and/or externally with suppliers include:
A) activity-based costing. B) the learning curve. C) total cost of ownership. D) activity-based costing and total cost of ownership. E) activity-based costing,the learning curve and total cost of ownership.
Wakefield Company management evaluates future projects based on their profitability index. The company is currently reviewing five similar projects and must choose one project. Pertinent information regarding the projects is as follows. Which project should Wakefield Company select if the decision is based entirely on profitability index?
A) Project 1 B) Project 2 C) Project 3 D) Project 4
Which of the following is not true of equilibrium price?
A) All consumers can buy all they demand. B) It is determined by the interaction of supply and demand. C) It is set by the government. D) It is also known as the market-clearing price.
An Internet service provider that terminates subscribers who infringe copyrights can qualify for a "safe harbor" under the Digital Millennium Copyright Act.
A country's government would like to raise the price of one its most important agricultural crops, coffee beans. Which of the following government programs will result in higher prices for coffee beans?
A) An import quota on coffee beans B) An acreage limitation program which provides coffee bean farmers financial incentives to leave some of their acreage idle C) An import tariff on coffee beans D) all of the above