Indicate whether the following statements are true (T) or false (F). nothing: When the marginal revenue is positive, demand is elastic. nothing: If the firm raises the price in the elastic range of demand, total revenue will increase. nothing: When demand is unit elastic, marginal revenue = 1. nothing: When the total revenue is increasing, demand is elastic. nothing: The absolute value of the price elasticity of demand increases as you move down the demand curve.

marketing strategies should be established before marketing objectives are decided. t/f

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

What is the cause of smoky exhaust?