The space on freeway is fixed at any instant of time. A supply curve that shows this is

Marginal utility is the: select one: a. change in total utility obtained by consuming one more unit of a good. b. sensitivity of consumer purchases of a good to changes in the price of that good. c.

A company purchased a delivery van for $27,700 with a salvage value of $3,100 on september 1, year 1. it has an estimated useful life of 6 years.

Why does the free-market system bring efficiency as well as freedom?

Analysts estimate that a bond has a 40 percent probability of being priced at $950 and a 60 percent probability of being priced at $1,050 one year from today. The bond is also callable at any time at $1,010.

A market researcher randomly selects 1 00 drivers under 45 years of age and 2 00 drivers over 45 years of age. Identify the type of sampling used in this example. a) convenience systematic b) cluster simple c) random stratified

A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the original listing term. He also has a $300,000 house that has an 80% chance of sale.

Banks are financial intermediaries because they: a) hold all the money in the economic system in currency form. b) print money as needed for borrowers whether business, individual, or government entities.

Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. Johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.

What are the remains after the costs of running a business have been paid? A. stock B. taxes C. profits D. sales

True or false? economists argue that individuals have "rational self-interest".