Suppose the equilibrium price in the market is $60 and the marginal revenue associated with the linear (inverse) demand function is $20. Then we know that the own price elasticity of demand is?

When the expected rate of inflation is higher than the actual rate of inflation, wealth is: A. not redistributed at all. B. redistributed from lenders to borrowers. C. redistributed at random. D. redistributed from borrowers to lenders.

Many people view direct mail ads as what? A. Junk mail B. Magazines C. Institutional advertising D. Product placement

Sally goes to have her hair trimmed and agrees to pay $40 to the stylist. While there, Sally decides that she would also like highlights. The stylist informs her that highlights will cost an additional $30.

In preparing its June 30, bank reconciliation, a company has available the following information: Balance per bank statement on June 30 was $55,300 Deposit in transit on June 30 were 7,800 Return of customer's check not sufficient funds 1,200

A good that has a lot of substitutes, that is a luxury and is relatively inexpensive will most likely have a price elasticity of demand that is a. a little higher than 1 b. closer to 10 c. a little lower than 1 d. exactly 1

Mary sue owns 1,000 shares of qrs moving company. qrs pays a yearly dividend of $1.00 per share. what is the total annual dividend that mary sue will receive?

To StaySafe around electricity, Ted needs to: A. Follow his gut instinct B. Follow procedures established by his co-workers C. Make sure electrical hazards are resolved immediately D. Practice electrical safety only when his employer is watching

Tangible assets as well as intangible assets of a business need to be assessed for proper venture evaluation. a. True b. False

Which of the following is an example of passive income? (1) portfolio income, including interest, dividends, annuities, and royalties (2) income from rental real estate earned by a no real estate professional (3) winnings from gambling (4) state and

A zoo animal with an infectious disease needs to be If there is no means to keep the animal in.