Dinham kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. during march, the kennel budgeted for 3,800 tenant-days, but its actual level of activity was 3,830 tenant-days. the kennel has provided the following data concerning the formulas used in its budgeting and its actual results for march: data used in budgeting: fixed element per month variable element per tenant-day revenue - $ 34.70 wages and salaries $ 2,700 $ 7.70 food and supplies 1,700 14.20 facility expenses 8,200 3.20 administrative expenses 6,700 0.20 total expenses $ 19,300 $ 25.30 actual results for march: revenue $ 120,321 wages and salaries $ 28,570 food and supplies $ 56,975 facility expenses $ 19,989 administrative expenses $ 7,097 the revenue variance for march would be closest to

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.