Skymont company wants an ending inventory each month equal to 30% of that month's cost of goods sold. cost of goods sold for february is projected at $45,000. ending inventory at the end of january was $12,000. based on this information, purchases for february would be: (a) $43,500.(b) $31,500.(c) $33,000.(d) $46,500.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.