George earns $500,000 playing baseball for team x. his next best alternative to playing baseball is to own a fast-food restaurant, for which he would earn $100,000 a year. his next best alternative to playing baseball for team x is playing baseball for team y, for which he would earn $400,000 a year. this example best illustrates the economic principle that:
a. economic rent is never zero.
b. base-ball players earn higher incomes than fast-food resturanteurs.
c. economic rent exists in all situations.
d. economic rent differs depending upon the perspective from which the factor is viewed,

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $

Which resource management task includes activating local resource requirements, if available? a. track and report b. mobilize c. order and acquire d. reimburse and restock