Sharon is thinking about opening a bakery. she knows she wants to set her own hours, reduce her stress and make a profit. but she still has a lot to think through. which of the following would not be a good early step?

a) immediately finding a storefront property for her business, putting down a deposit, and signing a lease.
b) contacting a mentor who has experience in the restaurant industry.
c) creating an initial elevator pitch with her limited information and starting to ask around for advice.
d) beginning to estimate her target market for her business.
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(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?