1.) On her company web site, Chloe adds quotes from customers who were happy with her cleaning service.
A. Form Utility
B. Information Utility
C. Place Utility
D. Time Utility
E. Possession Utility
2.) Aaliyah provides a delivery service for people who are unable to fit her handmade tables in their cars when they are leaving her store.
A. Form Utility
B. Information Utility
C. Place Utility
D. Time Utility
E. Possession Utility
3.) Ethan uses home-grown fruits in jams, so they're fresher and better tasting than other jams.
A. Form Utility
B. Information Utility
C. Place Utility
D. Time Utility
E. Possession Utility
4.) Morgan has a website where customers can order office and have them sent to their homes or business without ever stepping into the store.
A. Form Utility
B. Information Utility
C. Place Utility
D. Time Utility
E. Possession Utility
5.) Miguel offers tutoring service in the late afternoon, when students are done with school for the day.
A. Form Utility
B. Information Utility
C. Place Utility
D. Time Utility
E. Possession Utility

5. profit maximization and shutting down in the short run suppose that the market for polos is a competitive market. the following graph shows the daily cost curves of a firm operating in this market. 0 2 4 6 8 10 12 14 16 18 20 50 45 40 35 30 25 20 15 10 5 0 price (dollars per polo) quantity (thousands of polos) mc atc avc for each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the previous graph to identify its total variable cost. assume that if the firm is indifferent between producing and shutting down, it will produce. (hint: you can select the purple points [diamond symbols] on the previous graph to see precise information on average variable cost.) price quantity total revenue fixed cost variable cost profit (dollars per polo) (polos) (dollars) (dollars) (dollars) (dollars) 12.50 135,000 27.50 135,000 45.00 135,000 if the firm shuts down, it must incur its fixed costs (fc) in the short run. in this case, the firm's fixed cost is $135,000 per day. in other words, if it shuts down, the firm would suffer losses of $135,000 per day until its fixed costs end (such as the expiration of a building lease). this firm's shutdown price—that is, the price below which it is optimal for the firm to shut down—is per polo.

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.