The Maastricht Treaty called for political union of the member nations

Murphy Productions is a price-taker

The company produces generators in a highly competitive market; thus, it uses target pricing. The current market price is $600 per unit. The company has $18,500,000 in average assets, and the desired profit is a return of 8% on assets. Assume all products produced are sold. The company provides the following information: Sales volume 65,000 units per year Variable costs $500 per unit Fixed costs $7,500,000 per year Currently the cost structure is such that the company cannot achieve its profit objective and must cut costs. If variable costs cannot be reduced, how much reduction in fixed costs will be needed to achieve the desired target? Show all computations. What will be an ideal response

When Richard opened The Kite Hut, he charged $7 for kites and could not keep up with demand. The Kite Hut has raised the price to $10, and now Richard is still selling all the kites he carries, but he is not forced to reorder on a daily basis. The $10 price is probably which of the following?

a. a price equilibrium b. an inelastic price c. a symmetrical price d. an inventory equalizer