The relevant range is that range of activity:

a. where the firm will earn a profit.
b. where expected results are abnormally high.
c. where units produced equal units sold.
d. where management expects the firm to operate.
e. where a company achieves its maximum efficiency.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.

In the supply-and-demand schedule shown above, the equilibrium price for cell phones is $25 $100 $200