1. Explain the duty to mitigate damages when a contract is breached. Provide one example where the victim of a breach did not mitigate the damages and one example where the victim of a breach did mitigate the damages.
2. Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 11,800 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $52. The cost of each light is ?$0.95. The holding cost is $0.10 per light per year. a) What is the optimal size of the production run? (round your response to the nearest whole number).
3. Managers should assess the nature of the coordination and interdependence that will be required to generate synergies through collaboration. When interdependencies are low (pooled/modular), the following are preferred: