Happy feet produces sport socks. the company has fixed expenses of $ 100 comma 000 and variable expenses of $ 1.00 per package. each package sells for $ 2.00. the number of packages happy feet needed to sell to earn a $ 23 comma 000 operating income was 123 comma 000 packages. if happy feet can decrease its variable costs to $ 0.80 per package by increasing its fixed costs to $ 115 comma 000, how many packages will it have to sell to generate $ 23 comma 000 of operating income? is this more or less than before? why?

Answer the following questions with true or false and provide a brief explanation (2- 3 sentences) a) economies of scale in production give rise to multi-product firms. b) ace hardware corporation is an example of economies of scale in production.

Which result is a positive aspect of globalization?

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.