Firms must typically purchase inputs from suppliers to produce output. what effect might suppliers have on an industry? a. suppliers cannot affect output markets, although an output market with only a few firms is likely to have the bargaining power to limit a supplier's profits. b. if an input is specialized comma then the supplier is unlikely to have the bargaining power to limit a firm's profits. c. if suppliers are price takers, then a firm will likely be a price taker with no ability to raise price. d. if only a few firms can supply an input, then markets will likely experience shortages because firms are unable to produce sufficient output. e. if many firms can supply an input comma then suppliers are unlikely to have the bargaining power to limit a firm's profits.

Ultravision inc. anticipates sales of $280,000 from january through april. materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of january, february, march, and april. materials are paid for one month after the month purchased. materials purchased in december of last year were $24,000 (half of $48,000 in sales). labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in february and april. the labor figures are: january $14,000 february 17,000 march 14,000 april 19,000 fixed overhead is $10,000 per month. prepare a schedule of cash payments for january through april. (assume the $280,000 of sales occur equally over the four months of january through april, i.e. monthly sales = $280,000 / 4.)