William gregg owned a mill in south carolina. in december 1862, he placed a notice in the edgehill advertiser announcing his willingness to exchange cloth for food and other items. here is an extract: 1 yard of cloth for 1 pound of bacon 2 yards of cloth for 1 pound of butter 4 yards of cloth for 1 pound of wool 8 yards of cloth for 1 bushel of salt calculate the relative price of 1 pound of butter in terms of pounds of wool. if the price of bacon is $0.20 a pound, what do you predict is the money price of a pound of wool? > > > answer to 2 decimal places. the relative price of 1 pound of butter is 2 pounds of wool. if the price of bacon is $0.20 a pound, you would predict that the price of a pound of wool

Special order carson manufacturing, inc., sells a single product for $36 per unit. at an operating level of 8,000 units, variable costs are $18 per unit and fixed costs $10 per unit. carson has been offered a price of $20 per unit on a special order of 2,000 units by big mart discount stores, which would use its own brand name on the item. if carson accepts the order, material cost will be $3 less per unit than for regular production. however, special stamping equipment costing $4,000 would be needed to process the order; the equipment would then be discarded. assuming that volume remains within the relevant range, prepare an analysis of differential revenue and costs to determine whether carson should accept the special order. use a negative sign with answer to only indicate an income loss from special order; otherwise do not use negative signs with your answers.