Now suppose the same thing happens in Venezuela, where there is central planning. A tropical storm hits the citrus farms in Venezuela. Citrus farmers would like to adjust their prices following the storm but they have to wait until the next meeting of the Central Planning Committee, since the Central Planning Committee is the only one who can change the prices of oranges. Can the Venezuelan people enjoy as many oranges as they would like? Can the market for oranges in Venezuela transition to a new equilibrium on its own?

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?