Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. last year at a price of $5 per unit, you purchased 20 units. what has most likely happened over the last year?

The value of any asset equals: a. the cost of maintaining an asset over its useful life b. the present value of all of its future benefits c. the book value of the asset d. the replacement cost of an asset e. none of the above

An import quota a. is a supply restriction limiting the quantity of a good that can be imported. b. is a price floor imposed on an imported good. c. is a price ceiling imposed on an imported good. d.

If the crowding-out effect is at its maximum strength, it follows that an increase in government spending will

Traditional channels of distribution 1. are usually preferred to other distribution arrangements. 2. may involve little or no cooperation among channel members. 3. are easier to control than corporate channel systems. 4.

Work in Process Inventory Beginning Balance 5,800 Direct materials 22,000 Direct labor 16,600 Overhead 11,200 Ending Balance 4,990Completed and transferred out 50,610Assume that materials are added at the beginning of the production process and that

Joan grows pumpkins. If Joan plants no seeds on her farm, she gets no harvest. If she plants 1 bag of seeds, she gets 500 pumpkins. If she plants 2 bags, she gets 800 pumpkins. If she plants 3 bags, she gets 900 pumpkins.

Assignable causes: A) are not as important as natural causes. B) are within the limits of a control chart. C) depend on the inspector assigned to the job. D) are also referred to as "chance" causes.

Norman Dowd owns his own taxi, for which he bought a $11,000 permit to operate two years ago. Mr. Dowd earns $33,000 a year operating as an independent but has the opportunity to sell the taxi and permit for $41,500 and take a position as dispatcher

Tyrion and Alchemist make a contract where Tyrion will pay $20,000 for 5.000 gallons of wild fire. Alchemist promises to deliver the deadly chemical by August 29. On August 27. Alchemist informs Tyrion that he cannot perform on the contract.

Your co-worker spends most of her day figuring out the best way to promote the products your company produces. Your co-worker works in the department. A. marketing B. entrepreneurship C. finance D. accounting