Despite the growing popularity of the company’s new lec 90, profits have been declining steadily. management is beginning to believe that there may be a problem with the company’s costing system. direct material and direct labor costs per unit are as follows: lec 40 lec 90 direct materials $ 20.00 $ 52.00 direct labor (0.60 hours and 0.80 hours @ $15.00 per hour) $ 9.00 $ 12.00

answer///supply is elastic, and demand is inelastic;

answerpublic goods;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.