Suppose ralph and ed have the only store that sells toilet bowls in northern maine. their nearest competitor is 211 miles away, and these two men have a reputation for producing high-quality toilet bowls. graphically illustrate what the market for toilet bowls will look like for ralph and ed. shade in the area of profit for ralph and ed and label the profit maximizing price (pe) and quantity (qe).

Match the steps for conducting an informational interview with the tasks in each step.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?