Shippity and ShipING are two competing firms in the same ind…

Shippity and ShipING are two competing firms in the same industry. Shippity’s tangible assets are valued at $15 billion and its intangible assets are valued at $35 billion. ShipING’s tangible assets are valued at $5 billion and its intangible assets are valued at $45 billion. What can be concluded from this information?

The average cost of production for a bottle of mineral water…

The average cost of production for a bottle of mineral water in the industry is $5 while its average price is $8. Forever Spring Inc. manufactures the same product for $3 per bottle and sells it for $8 per bottle. Which of the following statements is most likely true of ForeverSpring Inc. in this scenario?