Ben and chris combined their love of hockey with a business venture. they purchased a small portable cart and began selling hockey memorabilia outside of the hometown hockey arena. their first year went well, but this past year has been a real struggle. due to poor economic conditions including a loss of jobs, ticket sales at the arena are down, which has significantly hurt their sales as well. as a recent business school graduate, you explain to ben and chris:

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve. has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve. is a lower opportunity cost producer of the good.

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