Suppose the marginal product of labor is 8 and the marginal product of capital is 2. if the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use:

Vacation Vistas, Inc., agrees to sell certain acreage to Umiko, who intends to develop a destination resort. Vacation Vistas repudiates the deal. Umiko sues Vacation Vistas and recovers damages.

A corporation can be charged with any crime, provided an employee of the company has acted (wrongly) within the scope of their employment. True False

An organization estimated that in a particular year the population of a country spent $10.4 trillion in personal consumption. The major categories of these expenditures are durable goods ($1.

An office building grosses $850,000 per year and expenses of 35% of the gross. If the property is capitalized at 12% what is its value?

The easiest way to test the soundness of your organization is to

Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200.

If the supply of loanable funds exceeds the demand then borrowers will bid up the interst rate. True / False.

The scientific method begins with A. the development of a formal hypothesis. B. the gathering of information. C. the identification of a problem for investigation. D. methodical observation of a phenomenon of interest.

Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider.

Georgina is the owner of a company called piquant (which means having a pleasantly sharp taste or appetizing flavor).