Which of the following correctly describes the incentive that lower prices provide in a free market economy?

A

They increase competition.

B

They increase demand.

C

They increase supply.

D

They increase opportunity costs.

Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 990 $7.25 Mar. 10 Purchase 570 7.73 Mar. 16 Purchase 710 8.20 Mar. 23 Purchase 520 8.

The list price of a glue gun is $34.60. the trade discount rate is 17% what is the next price

Identify the fundamental lessons the ten principles of economics teach аbout: how people make decisions how people interact how the economy as a whole works

Dave had a balance of $236.17 on his department store charge account. how much interest did he have to pay for the month if the rate was 1.7% per month finance charge?

What basic principles are fundamental to American free enterprise?

Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full amount of the deposit increase that is allowed. This amount winds up deposited in Bank B.

In the context of foreign direct investment, a joint venture involves the merger of companies.

Classify the following changes in each of the accounts as either an outflow or an inflow of cash. During the year (a) marketable securities increased, (b) land and buildings decreased, (c) accounts payable increased, (d) vehicles decreased, (e)

In 2013, teller company sold 3,000 units at $400 each. variable expenses were $280 per unit, and fixed expenses were $160,000. what was teller's 2013 net income?

A project that provides annual cash flows of $24,000 for 9 years costs $110,000 today. Under the IRR decision rule, is this a good project if the required return is 8 percent?