A movie studio has some costs it incurs even if it produces no movies at all in a given year. Think of these as the costs of having an office and studio staffed with the minimum staff. As a consultant, you have obtained data about the studio's production costs. Unfortunately, you do not know what the fixed costs are. What you do know is that, after the studio produced one movie last year, the studio's total cost equaled $42 million. After the studio produced its second movie last year, the studio's total cost equaled $ 84 million. Finally, after the studio produced its third movie last year, the studio's total cost equaled $132 million.
Part 1 :Given the information above, you would know with certainty that, last year, the firm's variable costs were greater than or equal to $ million million, but less than $ 47 255
Part 2 : Suppose that, speaking to some of the accountants involved in the production of the first movie, you find out that the marginal cost of producing the first movie was $45 million. The firm's variable costs of producing all three movies last year are then $ 111 million.

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i. e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)