The arthur company manufactures kitchen utensils. the company is currently producing well below its full capacity. the benton company has approached arthur with an offer to buy 27,000 utensils at $0.80 each. arthur sells its utensils wholesale for $0.90 each; the average cost per unit is $0.86, of which $0.11 is fixed costs. if arthur were to accept benton's offer, what would be the increase in arthur's operating profits?

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.