A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. What term describes this extra $20?

In long-run equilibrium, a purely competitive firm will operate where price is: A. greater than MR but equal to MC and minimum ATC. B. greater than MR and MC, but equal to minimum ATC. C. greater than MC and minimum ATC, but equal to MR. D.

Charlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every five weeks to take orders.

A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit.

Economic efficiency indicates that a. all pollution should be eliminated. b. automobiles should be made as safe as possible c. if something is worth doing, you should do it as well as humanly possible. d.

When opening a check account, the bank does not run an account verification if you provide a state-issued ID. true or false

Combining drugs usually leads to

acquired 20600 shares of its own common stock at $18 per share on February 5, 2020, and sold 10300 of these shares at $25 per share on August 9, 2021.

Quincy listed information from his credit report. Which list could Quincy have written? A previous address, current address, bankruptcy, car loan payment history current B address, monthly income, car loan payment history, date of birth C previous

Garcia Company issues 11.0%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 9.0%, which implies a selling price of 114.

If supply and demand are neither perfectly elastic nor inelastic (i. e. supply slopes upward and demand slopes downward), what will be the effect of a tax of $10 on the market for luxury purses that sell for $500? A.