Charles sanarwari retained stan gissel to prepare his income tax return for the year 2014. the parties agreed on a fee of $400. charles had done a rough estimate based on last year’s return and believed he would owe the irs approximately $2,000. when stan’s work was completed, it turned out that charles would receive a $2,321 tax refund. charles paid for stan’s services and was so with the work that he promised to pay stan an additional $400 for the excellent job on the tax return when he received his tax refund. thereafter, charles had a falling out with stan over a golf tournament snub. stan was not paid the $400 promised for doing an excellent job on the tax return, and he sued charles as a matter of principle. decide.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?

An economic theory that calls for workers to take control of factories is .