A. Applying Economic Concepts
Study the market demand and supply schedule. It gives economic information about
promotional toothbrushes dentists can order to give their patients. Use the information from
market demand and supply schedule to create a market supply curve and a market demand
curve for the promotional toothbrushes. Draw your curves on the grid below.
0.70
5,000
Price per la
Quantity Quantity
Toothbrush
in dollars)
Supplied Demanded
0.10 200 /
0.20 500 4,000
0.25 1,000 3,500
0.30 1,750 2,875
0.35 2,500
2,500
0.40
3,250
1,750
0.45 4,125 1,125
0.50
5,200
750
Price per toothbrush
(in dollars)
CHAPTER 6
6.000
1,000 2,000 3,000 4,000 5,000
Quantity of toothbrushes
7.000
0.65/
6,500
250

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

How does the economy of cuba differ from the economy of north korea? in north korea, the government’s control of the economy has begun to loosen. in cuba, the government maintains a tight hold over the economy. in cuba, the government’s control of the economy has begun to loosen. in north korea, the government maintains a tight hold over the economy. in north korea, there is economic uncertainty in exchange for individual choice. in cuba, there is economic security in exchange for government control. in cuba, there is economic uncertainty in exchange for individual choice. in north korea, there is economic security in exchange for government control.\

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