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3. A local hardware store is trying to decide whether to stay open. They have found that their industry is extremely competitive and profits have shrunk considerably. Knowing that you have taken an economics course, the owners have asked for your opinion. Draw 2 completely labeled graphs to help you explain the shutdown decision. One graph must be for the market as a whole, and the other must be for this store in particular. Assume that the store is losing money; however, explain why they may want to stay open for a little while longer. (Note: Your answer should include a written explanation of your graph.)

3. A local hardware store is trying to decide whether to stay open. They have found that their industry is... View Article

Write a 350-word paper that compares and contrasts the approaches to costing in E17.15 and E18.10 (See attachment for these questions). Distinguish production procedures that match with process costing from those that correspond with job order costing. Additionally, explain how job order costing, when used in conjunction with activity-based costing, can contribute to the allocation of indirect costs

Write a 350-word paper that compares and contrasts the approaches to costing in E17.15 and E18.10 (See attachment for these... View Article