John has to choose between two jobs: one that offers him $50 per hour and one that offers him $35 per hour. the opportunity cost of choosing the job that offers him $50 per hour is:

What causes a surplus and how can it be fairly quickly resolved? What are the determinants of inelastic demand?

An employee who just finished an mba paid for by a firm's tuition reimbursement program might feel a moral obligation to stay with the employer for at least a few years to repay the debt. this person would be classified by which type of commitment?

During 2017, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000. Calculate the maximum contribution Carl is allowed for an educational savings account. a. $0 b. $400 c. $1,000 d. $2,000 e. Some other amount

Kathy reviews her division's quarterly results and sees that some units exceeded goals while others did not. Next, she will attempt to determine why performance of the different units varied, and whether the variation: A.

A consumer wants to buy a refrigerator. what sort of product is this?

You are the CEO of a U. S. firm considering building a factory in Chile. If the dollar appreciates relative to the Chilean peso, then other things the same A. True B. False

Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as A) rarity. B) scarcity. C) production cost. D) opportunity cost

Consider the following two separate events for a company during the year: 1. Gain on sale of investments = $10. 2. Unrealized gain on investment from increase in fair value = $20.

Allocating product cost between cost of goods sold and ending inventory Jones Co. started the year with nno inventory. During the year, it purchased two identical inventory items at different times.

Prices can achieve the rationing function when: A. price controls are in place and ration coupons are used too. B. prices are inflexible. C. they are controlled by the government. D. prices are flexible