Herbie Inc., a firm manufacturing sandwich makers, has fixed costs of $250,000, variable costs of $20 per unit of output, and expected unit sales of 50,000 units. What is the unit cost of a sandwich maker manufactured by Herbie?

In a straight bankruptcy, you

A) lose everything. B) must agree to make monthly interest payments to creditors, but need not repay principal. C) can maintain some equity interests in certain personal assets, such as your house and car. D) must go to court and the judge decides how much you may keep, if anything.

In collectivist cultures, group members follow norms that stress group rather than personal interests

Indicate whether the statement is true or false