In the long run, the price charged by the monopolistically competitive firm attempting to maximize profits: must be less than atc. must be more than atc. may be either equal to atc, less than atc, or more than atc. will be equal to atc.

Tony has realized that two activities (A and B) in his project cannot be done at the same time because not enough resources are a days. Activity B has 2 slack vailable.

Home and Foreign produce two goods, flowers and soybeans. Home exports the labor intensive flowers and Foreign exports the land intensive soybeans. Suppose that Home provides an export subsidy to its domestic flower producers.

What is a trade-off? A.) decreasing the amount of resources spent on all wants to reduce the total costs in future B.) replacing one resource with another resource to satisfy a want C.

Karen, a friend of yours, recently started her own business, The Bike and Boulder Company (B&B). B&B specializes in the sales of mountain bikes and rock-climbing equipment.

What happens as interest rates fall? a. the opportunity cost of using retained earnings to finance investment spending declines. b. planned investment spending remains constant since it depends on profit projections not interest rates. c.

At the beginning of July, CD City has a balance in inventory of $2,950. The following transactions occur during the month of July. July 3 Purchase CDs on account from Wholesale Music for $1,850, terms 2/10, n/30.

How is a savings account most useful

For each of the goods below, identify the characteristics that describe each good. Note that each good will be characterized with two characteristics. Rivalrous is also referred to as rival in consumption.

A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. if debt is the only long-term liability, what is the long-term debt ratio?

What is typically higher - cost of equity or cost of debt?