Suppose a perfectly competitive firm and industry are in long-run equilibrium and the firm earns an economic profit in the short run. Which of the following is likely to occur in the long run?

1. Why is scarcity a significant problem? A. It leads to opportunity cost. B. It forces people to make choices. C. It determines the type of economic system used. 2. Why do business owners have to answer the three economic questions? A.

Suppose the economy is in long-run equilibrium at the level of potential output. What will be the long-run effect of an expansionary monetary policy?

In an and condition, the most efficient technique is to first ask the question that

The company wants to end each month with ending finished goods inventory equal to 25% of next month's sales. Finished goods inventory on April 1 is 190 units. Assume July's budgeted production is 540 units.

What should be shown directly below the date in a business letter? a. salutation b. return address c. inside address d. name and position of sender

In thinking about the "color of money," which color would correspond to a new video game system charged on a credit card when you don't have the funds to purchase it with cash?

Krysel inc. is expecting a new project to start producing cash flows, beginning at the end of this year.

Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making.

Sherman Peterson is an attorney in Los Angeles. Peterson uses the direct write-off method to account for uncollectible receivables. At January 31, 2014, Peterson's accounts receivable totaled $15,000.

Ok so i visited scdc today for a feild trip and what thee hell is a reciver