You work for a large company that manufactures metal piping. At a trade show, you meet the Mining Minister from a foreign government. She oversees all mining operations for that government. She tells you that the country is interested in exporting raw metal to the United States to supplement the country's treasury. She is willing to sell the metal to you for a very fair price. You consult with your boss and are given permission to sign a contract for $1 million of the metal from that country. You negotiate with her and sign a contract where that country will provide you a certain quantity of metal from its mines each month for a certain price. Two weeks later, you receive a letter from her assistant stating that the country will not be delivering the metal. Your boss wants to sue that country's government for breach of contract. Discuss whether or not you will be able to sue that country's government in a U. S. court.

Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy