When consumers buy a product what are they creating

What are the benefits and drawbacks of a price ceiling?

C Corporation is investigating automating a process by purchasing a machine for $810,000 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $142,000 per year in cash operating costs.

Kerry finds a big green ring in the street. She shows it to Leroy, who says, "Wow. That could be valuable." Neither Kerry nor Leroy knows what the ring is made of or whether it is valuable.

An engineer who is now 65 years old began planning for retirement 40 years ago. At that time, he thought that if he had $1 million when he retired, he would have more than enough money to live his remaining life in luxury.

Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (349,200 units) $4,375,000 Cost of goods sold 2,595,000 Gross profit

Ollie Company experienced the following events during its first-year operations: 1. Acquired $72,000 cash from the issue of common stock. 2. Borrowed $26,000 from the First City Bank. 3. Earned $59,000 of cash revenue. 4.

Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $118,500 and $125,600, respectively. During the year, actual overhead was $108,000 and actual direct labor cost was $115,800.

Individuals who pay less of their own health care costs may have an incentive to use health care resources more frequently and to engage in riskier behaviors. The problem is known as: A. asymmetric information. B. adverse selection. C. moral hazard.

The answer to the question "what really makes the difference between success and failure on a particular job, and according to whom?" determines:

What type of promotion requires consumers to rely on some measure of random chance? A. Sweepstakes B. Coupons C. Rebates D. Premiums