Snake river sawmill manufactures two lumber products from a joint milling process. the two products developed are mine support braces (msb) and unseasoned commercial building lumber (cbl). a standard production run incurs joint costs of $380,000 and results in 68,000 units of msb and 98,000 units of cbl. each msb sells for $2, and each unit of cbl sells for $10. calculate the amount of joint cost allocated to commercial building lumber (cbl) on a physical-units basis. (round the calculation of "relative proportion" to the nearest whole percent. round your final answers to the nearest dollar amount.)

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

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The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.