What is profit motive?

Assume that a hypothetical economy with an MPC of 0.8 is experiencing severe recession. Instructions: In part a, round your answers to 2 decimal places. Enter your answers as positive numbers. In part b, enter your answers as whole numbers. a.

When you are considering the value of a resource in its next best use, you are considering its

According to the CAPM, which of the following is not a true statement regarding the market portfolio? (A) It lies on the efficient frontier. (B) All securities in the market portfolio are held in proportion to their market values.

The first step in developing an ABC system is A. calculate an activity cost allocation rate for each activity. B. allocate the costs to the cost object using the activity cost allocation rates. C. select an allocation base for each activity. D.

Why is GDP an imperfect measure of economic well-being? What types of goods and services does GDP not measure? Even if GDP these types of goods and services are included in GDP, why would it still be an imperfect measure of economic well-being?

When the consumer price index rises, the typical family a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d.

A magazine subscription costs $45 per year at the beginning of each year, or $115 now for a three-year subscription. If the subscriber elects to pay the $115 now, the rate of return on the investment will be nearest to:

The second step in rational decision making is to: choose the solution that maximizes value. identify the criteria that are important in making the decision. evaluate the alternatives. implement the alternative.

What impact will a spike in wages cause to the labor demand curve?

A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually. The market rate on the date of issuance was 8%.