Which of the following individuals would you expect to have a high level of economic rent, and which would you expect to have a low level of economic rent? rank them from highest economic rent to lowest.
i. emily quit high school at age 17, and she has since worked for several years as a waitress in fast-food restaurants.
ii. demetrius earned a ph. d. in financial economics, and he is among a handful of experts who specialize in assessing the values of highly complex securities traded in bond markets.
iii. xin was a child prodigy on the violin, and after years of developing her skills, she is now rated among the most talented performing violinists in the world.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.