What two conditions must hold for a competitive market to produce efficient outcomes?

Which of the following is an example of haptic perception? a. A consumer smelling a new brand of perfume b. A consumer touching a new brand of bath towels c. A consumer watching a new video game in the market d.

Stephen runs a pet salon. He is currently grooming 120 dogs per week. If instead of grooming 120 dogs, he grooms 121 dogs, he will add $65.65 to his costs and $65.65 to his revenues.

A. how much is the bank required to hold as reserves given its deposits of $8,000? b. how much are its excess reserves? c. by how much can the bank increase its loans?

What is life insurance?

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract substantial venture capital investment. True or False

Continuous quality improvement depends heavily upon: Select one: a. hard work b. monitoring special causes of variance c. use of checklists d. employment of the PDCA cycle

The difficulty in cost-benefit analysis is that the benefits are usually evident and easily measurable, while the costs are not always evident or measurable. A) True B) False

What's the difference between price skimming and price penetration strategies?

The grocery store has bulk pecans on sale, which is great since you're planning on making 8 pecan pies for a wedding. How many pounds of pecans should you buy?

If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ... And the quantity of shoes consumed in the domestic market to ... a.) Fall; rise b.) Fall; fall c.) Rise; fall d.) Rise; rise