Lochner corporation is an oil well service company that measures its output by the number of wells serviced. the company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for june. fixed element per month variable element per well serviced actual total for june revenue $ 5,600 $ 148,000 employee salaries and wages $ 40,600 $ 1,200 $ 73,700 servicing materials $ 500 $ 13,600 other expenses $ 42,800 $ 43,300 when the company prepared its planning budget at the beginning of june, it assumed that 24 wells would have been serviced. however, 26 wells were actually serviced during june. the activity variance for revenue for june would have been closest to:

Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses.distinctive competencies.organizational strengths.complementary resources and capabilities.

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: