According to adam smith, which of the following is necessary for the proper functioning of the market system?
a. for markets to work, people should take into account how their decisions affect society as a whole.
b. for markets to work, the government should citizens make the right decisions.
c. for markets to work, people must be free to pursue their self-interest.
d. for markets to work, people and the government need to coordinate their decisions.

Which is the correct expansion of the term internet? a. internetwork b. institutional network c. instructional network d. international network

Your take on decision making process

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z