You are in a clothing store and like a pair of pants and a t-shirt. You only have enough money for one item of clothing. You decide to buy the pants. What is the opportunity cost?

The most economical way to purchase large items, such as fumiture, is to buy with

When a tax is levied on sellers of tea, a. sellers of tea are made worse off, and the well-being of buyers is unaffected. b. both sellers and buyers of tea are made worse off. c. the well-being of both sellers and buyers of tea is unaffected. d.

If the demand for bread is more elastic than the supply of bread, which group will bear more of the incidence of a tax on bread?

Which is a monthly recurring cost associated with renting a house?. A) utility bills. B) property tax. C) insurance

Utilization is defined as the ratio of effective capacity to design capacity. True or False

Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.

A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.

On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.

A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments