Foot apparel manufactures socks. the athletic division sells its socks for $6 a pair to external customers. socks have variable manufacturing costs of $2.50 per pair and fixed manufacturing costs of $1.50 per pair. the division’s total fixed manufacturing costs are $105,000 at the normal volume of 70,000 pairs. the operating range is 50,000 pairs to 100,000 pairs. the european division has offered to buy 15,000 pairs at the full cost of $4. the athletic division has excess capacity and the 15,000 pairs can be produced without interfering with the current outside sales of 70,000 pairs. should the athletic division accept the offer

Will you use single-entry bookkeeping or double-entry bookkeeping? explain why.

What is the difference between a public and a private corporation?

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real