Economists study decisions made at the margin by consumers by studying?

law of supply

revenue

comparative advantage

utility

If the price of one of the resources used to produce a good decreases:

In the context of systems development, which of the following most closely matches the definition of a requirement?

A trial balance Entry field with incorrect answer will not balance if a correct journal entry is posted twice. proves that all transactions have been recorded. is a list of accounts with their balances at a given time.

Deliberate practice is unnecessary to gain expertise. a. True b. False

Last month a manufacturing company had the following operating results: beginning finished goods inventory - $84,000; ending finished goods inventory - $71,000; sales - $505,000; gross margin - $63,000.

A table that shows annual compound rates of growth between selected periods of time. a. quality of life c. growth triangle b. real GDP d. standard of living

In a perpetual inventory system: a. Merchandise Inventory is debited every time inventory is purchased b. cost of Goods Sold is debited every time inventory is sold c. a physical inventory is taken at least annually d. All of the above.

As you get older: a You should stop investing your money b You should increase your investment spending c You should begin to move your portfolio to less risky investments d You should move all your investments into large-cap stocks

It is important to identify and use only incremental cash flows in capital investment decisions:A) because they are the simplest to identify. B) only when the stand-alone principle fails to hold.

You have just won a lottery! You will receive $50,000 a year beginning one year from now for 20 years. If your required rate of return is 10%, what is the present value of your winning lottery ticket