Lilac industries sells two products. the sales mix of the product lines in terms of sales dollars is basic 40% and supreme 60%. the sales mix of the products in terms of units sold is basic 60% and supreme 40%. the contribution margin ratio of the basic line is 40% and the contribution margin ratio of the supreme line is 60%. lilac’s fixed costs are $1,248,000. what is lilac’s weighted-average contribution margin ratio?

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

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Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.