When the price of a good is high, selling the good is profitable, and so the quantity supplied is large.

a. true

b. false?

The long-run supply curve for a competitive industry a. may be horizontal if entry into the industry lowers average total cost. b. may be upward-sloping if higher-cost firms enter the industry. c.

What does GDP stand for?

a company is considering the purchase of a new machine. The cost of the machine is $70,000. the annual cash flow are: 1 year $13,000; 2 year $24,000; 3 year $33,000; 4 year $21000, a) if the cost of capital is 8%.

If the federal and state minimal wages are different, the highest minimum wages used True False

In-line industries (ili) produces recreational in-line skates. demand is seasonal, peaking in the

When Japan exports goods to the United States, which Country shows a balance of payments credit

Love Company's accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018.

g If government spending rises at the same time it reduces tax rates, then:Group of answer choicesbusiness investment will likely fall. crowding out will never occur. interest rates will never rise. business investment will likely rise.

Wages of $8,000 are earned by workers but not paid as of december 31, 2017. depreciation on the company's equipment for 2017 is $18,000. the office supplies account had a $240 debit balance on december 31, 2016.

You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.