Suppose there are two pencil producers with identical production facilities—identical factories and equipment. The firms pay the same wages and pay the same prices for materials. Sam has a small workforce and produces 1,000 pencils per minute; Marian has a medium-size workforce and produces 2,000 pencils per minute. The two firms have the same average total cost of 10 cents per pencil. Suppose you build a production facility identical to the ones used by the other firms and hire enough workers and buy enough materials to produce 2,500 pencils per minute. Would you expect your average cost to be 10 cents per pencil (like the other two firms), less than 10 cents, or more than 10 cents?

You wants to open a saving account.which account will grow his money the most

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: