An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 units. each unit of capital costs $10, each unit of raw materials, $4, and each unit of labour, $3.
refer to the above information. the per unit cost of production in this economy is:
a) $1.00.
b) $.10.
c) $.05.
d) $.50.
refer to the above information. if the per unit price of raw materials rises from $4 to $8 and all else remains constant, the per unit cost of production will rise by about:
a) 50 percent.
b) 30 percent.
c) 40 percent.
d) 100 percent.
refer to the above information. as a result of the change indicated in the previous question, the aggregate:
a) supply curve would shift to the right.
b) demand curve would shift to the right.
c) demand curve would shift to the left.
d) supply curve would shift to the left.

Label each scenario with the term that best describes it. use the midpoint method when applicable. marcel duchamp was a famous artist prior to his death, and was known for his dada artwork, including works such as "soft toilet". all of his original sculptures and paintings go on sale. paul owns a tim horton's, a famous donut and coffee franchise. he is willing to sell as many maple glazed donuts as customers want at a price of $1.00 each, but he refuses to sell any donuts for any price lower than $1.00 . the price of facial tissues rises from $2.85 per box to $3.15 . as a result, p& g increases production from 15 million boxes to 25 million boxes of facial tissue. with the school semester starting for both high school and college, papermate chooses to increase production of pens from 38 million to 42 million after global prices of writing instruments increase from $1.90 a package to $2.10 a package. bright ideas increases its production of lightbulbs by 15% after a 400% increase in the price of fluorescent bulbs. labels: elastic supply; perfectly inelastic supply; perfectly elastic supply; inelastic supply; unit-elastic supply.

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?