The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. at a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $4.5 million. if it would cost $3 million to finish development and make the product, youshould not go ahead and do so. the most you should pay to complete development ismillion.

Food, water, and shelter will not attract insects and rodents if recyclables are stored in

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.