The queen city nursery manufactures bags of potting soil from compost and topsoil. each cubic foot of compost costs 12 cents (enter as .12) and contains 4 pounds of sand, 3 pounds of clay, and 5 pounds of humus. each cubic foot of topsoil costs 20 cents (enter as .20) and contains 3 pounds of sand, 6 pounds of clay, and 12 pounds of humus. each bag of potting soil must contain at least 12 pounds of sand, at least 12 pounds of clay, and at least 10 pounds of humus. formulate the problem as a linear program and find the best combination of compost and topsoil that meets the stated conditions at the lowest cost per bag.

Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.