The area in which the law of demand best applies isa. amacroeconomics.

b. social policy.

c. microeconomics.

d. political science

If a business buyer estimates that 20 percent is a reasonable rate of return for an existing business expected to produce a profit of $27,000, its capitalized value would be

You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $40, r = $100, MPL = 20, and MPK = 40 the firm: A. is cost minimizing. B.

When radio is used as an advertising medium, which of the following statements is usually true. a. Local customers embrace radio advertising. b. Radio advertising is usually very expensive. c. Segmentation strategies cannot be applied. d.

The own price elasticity of Anne's apple pies is 5. If the aggregate market for apple pies has its own price elasticity of 1.25, Anne's apple pies have an approximate market share of: a) 6.25% b) 25% c) 10% d) 20%

What is a book of balance

An employment test for men is used by a police department to find successful candidates. A woman who was denied employment with the police department based on her test scores sues the police chief.

What is a great marketing strategy

Ralph owns a small pizza restaurant, where he works full-time in the kitchen. his total revenue last year was $100,000, and his rent was $3,000 per month.

According to the market theory of wage determination, under what circumstances will wages for a paticular group be highest? A. When there is now demand for this type of labor. B. When demand is high and supply is low. C.

Linear programming, simulation and waiting line theory are most closely associated with which era in the historical development of operations management? human relations operations research globalization Internet revolution