If a natural monopoly regulatory commission sets a price where marginal cost is equal to demand

a. economic efficiency would not be achieved.

b. the firm would incur a loss.

c. the firm would earn monopoly profits.

d. the firm would break even.

Thompson company is a consulting firm and applies indirect overhead costs based on billing hours. the firm expects to have $7,700 in indirect costs during the year and bill customers for 700 hours. the cost of direct labor is $60 per hour.

How old is Danny Garcia

It is estimated that 100,000 fans will attend a football game. Forty-two percent of them will not be able to park at the stadium, so satellite parking will be used. Twenty buses will shuttle fans from the satellite parking areas.

Meal and Entertainment Expenses. Milt, a self-employed attorney, incurs the following expenses in 2019: Business lunches for clients and prospective clients Entertainment of professional associates in his home (immediately following business

Cyclical unemployment is Question 47 options: 1. related to job search difficulties for potential workers. 2. a result of business recessions that occur when aggregate demand is insufficient to create full employment. 3.

For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;

Steven is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected return of 25 percent, while Copper stock has an expected return of 19 percent.

Continuous quality improvement depends heavily upon: Select one: a. hard work b. monitoring special causes of variance c. use of checklists d. employment of the PDCA cycle

The difficulty in cost-benefit analysis is that the benefits are usually evident and easily measurable, while the costs are not always evident or measurable. A) True B) False

What's the difference between price skimming and price penetration strategies?