If there is a lack of competition in a market, a market failure results because the quantity of goods sold is ___ than the optimal level while prices are ___ than the optimal level.

Latoya and Martha are friends who live across town. Latoya always seems to be the person to initiate communication. When Latoya decided to let Martha contact her, the phone call never came.

Direct Materials Variances The following data relate to the direct materials cost for the production of 2,300 automobile tires: Actual: 52,400 lbs. at $1.7 per lb. Standard: 53,400 lbs. at $1.75 per lb. a.

On January 1, X9, Gerald received his 50% profits and capital interest in High Air, LLC in exchange for $2,000 in cash and real property with a $3,000 tax basis secured by a $2,000 nonrecourse mortgage.

Projects A and B are mutually exclusive. Project A has cash flows of - $10,000, $5,100, $3,400, and $4,500 for years 0 to 3, respectively. Project B has cash flows of - $10,000, $4,500, $3,400, and $5,100 for years 0 to 3, respectively.

Ed is single with no dependents. He has receipts for the expenses listed below that he paid in 2019. His AGI is $60,000.

Personal Selling is: a. The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person's or group's purchase decision. b.

Potanta is a company that manufactures herbal soaps. Over the years, the availability of aloe vera pulp, which is the keyingredient of the company's best-selling aloe vera soaps, has reduced.

An advertiser enables target cost-per-acquisition (cpa) bidding and notices that conversions decrease. what might cause this?

A trigger strategy is a strategy that: A. is not relevant to oligopolies. B. determines when to enter an industry. C. depends on an opponent's past decisions. D. tells a business to leave the industry because the price is below the AVC.

What is the effect on the supply curve for skateboards if the government implements a tax on the manufacturing process?