When economists use the term "correlation," they are referring to cause and effect relationships between:

variables.

normative economics.

how two variables move together in a predictable way.

positive economics.

economic policy.

Forest & field company makes and leases a backhoe to zach. due to a defect attributable to forest & field's negligence, zach is injured in an accident in which his neighbor is also hurt.

In an equipment replacement decision, the cost of the old equipment is a (n) A. Incremental cost B. sunk cost C. Relevant costs D. Opportunity cost

The profile of five partnerships firms

Which step in the consumer decision-making process is a result of an imbalance between actual and desired states?

If the price of flash memory chips used in manufacturing smartphones decreases, what will happen in the market for smartphones? how will the equilibrium price and equilibrium quantity of smartphones change?

Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630.

The business judgment rule has been replaced by good faith statutes in most states. True or False

Replace present refrigerators with similar refrigerators at a cost of $20 x 106. Option 2. Replace present refrigerators with lake-source cooling at a cost of $50 x 106. However, the lake-source cooling would save 1.

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;