Betty’s bakery bakes fresh bread every morning. any bread not sold by the end of the day is thrown away. a loaf of bread costs betty $2.00 to produce, and she prices loaves of bread at $3.50 per loaf. suppose near the end of one day betty still has 12 loaves of bread on hand. which of the following is correct?
a. betty should only sell the remaining bread for $3.50 per loaf since that is the regular price.
b. betty should just throw the bread away and change the price of her bread starting tomorrow to make sure she sells all of her bread each day.
c. betty should only sell the remaining bread for $2.00 per loaf or more since that is what the bread costs to make.
d. betty should be willing to sell the remaining bread for any price above $0 per loaf since she will have to throw it away if she does not sell it for something.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Why has the free enterprise system been modified to include some government intervention?

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.