• Assume Ford Motor Company is trying to decide if they should buy a component or produce it.What factors might make the "buy" option more appealing?
• Define opportunity cost?What is the opportunity cost of you choosing to attend college?
• LMN Company produces unassembled picture frames at thefollowing average per unit costs; DM $X, DL $Y and Manufacturing Overhead $Z.LMN can assemble the frames at a unit cost of $2.50 and raise the selling price from $11 to $15.What is the apparent advantage or disadvantage of assembling the frames?