Sunland Company incurs the following costs to produce 10600 units of a subcomponent: Direct materials $8904
Direct labor 11978
Variable overhead 13356
Fixed overhead 16200

An outside supplier has offered to sell Sunland the subcomponent for $2.85 a unit. If Sunland accepts the offer, it could use the production capacity to produce another product that would generate additional income of $3600. The increase (decrease) in net income from accepting the offer would be:

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

In microeconomics, the point at which supply and demand meet is called the blank price

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.