What is dead weight loss?

The term soft money refers to illegal contributions made to candidates from lobbyists attempting to gain access. a. True b. False

Implementation of the marketing concept requires a firm to obtain information on what customers needs are and how those needs are being met by products currently on the market. A) True B) False

A monopolist introduces a technological innovation that lowers the marginal cost and average cost of production. The price of the good and the level of output are most likely to change in which of the following ways: A.

Multinational companies (MNCs) have found that cross-functional coordination results in people spending more time within their functions and thus becoming more knowledgeable regarding developments that are occurring in their specialized areas. A.

The 1887 Dawes Act a. established federal railroad rates, making interlocking directorates illegal. b. led to the loss of tribal lands and the erosion of Indian cultural traditions. c. guaranteed federal employees an eight-hour day. d.

The U. S. money supply (M1) at the beginning of 2015 was $2,683.3 billion broken down as follows: $1,165.7 billion in currency, $3.5 billion in traveler's checks, and $1,514.1 billion in checking deposits.

Charley has a typing service. he estimates that a new computer will result in increased cash inflow $1,600 in year 1, $2,000 in year 2 and $3,000 in year 3.

Real GDP per person in Northland is $30,000, while real GDP in Southland is $10,000, However, Northland's real GDP per person is growing at 1 percent per year, and Southland's real GDP per person is growing at 3 percent per year.

Canada and the U. S. both produce wheat and computer software. Canada is said to have the comparative advantage in producing wheat if a. the U. S. has an absolute advantage over Canada in producing computer software. b.

Ragtown Grill uses cost-plus pricing with a 40% mark-up. The company is currently selling 20,000 units annually, but has a capacity of 30,000 units. Each unit has a variable cost of $15.