As competition increases, prices a. usually increase as well

b. are not affected so will usually not change

c. usually will decrease

d. There is no way to predict what will happen to

prices due to competition.

T/F The amount that savings or an investment grows is called the principal.

1. Penalties for your first DUI conviction include_ A. a fine of up to $4,000 B. 500 hours of community service C. up to one year of probation D. a one-year license revocation

Carmel Corporation is considering the purchase of a machine costing $36,000 with a 6-year useful life and no salvage value.

A person borrows $370 from a payday loan company, paying $26 interest for two weeks. This would result in an annual interest rate of approximately ___ percent. Ignore interest rate compounding.

To accurately compare the rate of return on one investment with another, they should be:

Refer to table 17-14. which outcome is the nash equilibrium in this game?

Which of the following will cause a movement along the supply curve? Group of answer choices An increase or decrease in the raw materials costs. A change in the market price of a good, other things held constant. An increase in labor costs.

A firm has 56 units of product X on hand. Forecasts of demand are for 20 units per week. An MPS quantity of 100 units is planned to arrive in period 3. Customer orders are 24 for period 1,18 for period 2, and 15 for period 3.

Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $53,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%.

What kind of effect would higher taxes have on aggregate supply?