General snacks is a typical firm in a market characterized by the model of monopolistic competition. initially, the market is in long-run equilibrium, and then there is an increase in the market demand for snacks. in the long run, the economic profits of typical firms in the industry will be:

Which term refers to the cost that motivates an economic decision

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes