Casein, a dairy product used in making cheese, contains 25% moisture when wet. A dairy sells this product for $40/100 kg. If requested, they will dry the casein to 12% moisture. The drying costs are $5/100 kg of water removed. What should the dairy charge for 100 kg of the dried product in order to realize the same margin of profit?

In microeconomics, the point at which supply and demand meet is called the blank price

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.