How does a firm generally respond to higher demand for its goods?

a. it rations goods.

b. it raises prices.

c. it cuts prices.

d. there is no set response to this situation.

You decide to start your own business as a professional corporation. You purchase an office building for $35,000 from your mother even though your real estate agent said it was worth $500,000 in the current market.

Which of the following statement about renting vs owning is correct

Electronic products can be satisfying as well as frustrating for consumers. For example, a consumer may be highly satisfied with the applications available on his new smartphone but becomes frustrated when he is unable to operate the phone with ease

What is a earnest money offer, and why is it important?

On April 1, Jackson Company purchased $2,440 of supplies on account. On April 1, Jackson Company debited Supplies Expense, which is an alternate way of recording the initial expenditure. By the end of the calendar year, $390 of supplies was used.

An individual has $10,000 invested in a stock with a beta of 0.3 and another $45,000 invested in a stock with a beta of 2.1. If these are the only two investments in her portfolio, what is her portfolio's beta

Suppose that Mary's utility function is U (W) = W0.5 , where W is wealth. She has an initial wealth of $100.

An estate at will leasehold is 1. automatically terminated on the death of the owner or sale of the property. 2. arises when tenants continue to occupy rentals after their lease expires without the landlord's consent. 3.

In marketing children's products, it's extremely important to produce television commercials that hold the attention of the children who view them.

A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows from past experience that the price elasticity of demand for cars is unitary ( = 1).