Acompany makes two types of sofas, regular and long, at two locations, one in hickory and one in lenoir. the plant in hickory has a daily operating budget of $45,000 and can produce at most 300 sofas daily in any combination. it costs $150 to make a regular sofa and $200 to make a long sofa at the hickory plant. the lenoir plant has a daily operating budget of $36,000, can produce at most 250 sofas daily in any combination and makes a regular sofa for $135 and a long sofa for $180. the company wants to limit production to a maximum of 250 regular sofas and 350 long sofas each day. if the company makes a profit of $50 on each regular sofa and $70 on each long sofa, how many of each type should be made at each plant in order to maximize profit? what is the maximum profit?

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise