Which of the following statements is a characteristic particular to the postindustrial economy? a. mechanical skills are replaced by literacy skills. b. specialization characterizes the division of labor. c. new sources of energy are exploited. d. manufacturing and mass production proliferate.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.