When a firm is operating at an efficient scale,

a. average variable cost is minimized.

b. average fixed cost is minimized.

c. average total cost is minimized.

d. marginal cost is minimized?

A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within ten days; otherwise, the bill is due at the end of 60 days.

Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club A. Wilson previously worked as an accountant, earning $3,000 a month B.

Creative Sound Systems sold investments, land, and its own common stock for $35 million, $14.5 million, and $39.0 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.5 million, $24.

A general contractor is managing a construction project that will add a new conference room to an existing office building. The project was documented in a fixed-price contract that specified a completion date.

Which of the following is an internal factor? A. Interest rates B. Employee turnover C. Employement laws D. Economic recession

Your firm is a U. K.-based exporter of bicycles. You have sold an order to a Swiss firm for SFr. 1,000,000 worth of bicycles. Payment from the Swiss firm (in Swiss francs) is due in 12 months.

Assume that the total value of the following items is $600 billion in a specific year for Upper Mongoose: net exports = $50 billion; value of new goods and services produced in the underground economy = $75 billion;

Managers rarely have to manage multicultural teams within one organization in one location. a. True b. False

Shares of RossCorp stock are selling for $45 per share. Brokerage commissions are 2% for purchases and 2% for sales. The interest rate on margin debt is 6.25% per year. The maintenance margin is 30

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