For a perfectly competitive firm, the price of its good is equal to the firm's marginal revenue because

Wilma's Widgets had net sales of $ 20,882,696 in 2010. The cost of goods sold was $ 13,765,751, operating expenses (excluding depreciation) were $ 2,014,441, interest expenses were $ 663,090, depreciation expense was $ 1,221,755, and dividends paid

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2015. Its cost and sales information for this year follows.

If the IS curve is given by Y = 1,700 - 100r, the money demand function is given by (M/P) d = Y - 100r, the money supply is 1,000, and the price level is 2, then if the money supply is raised to 1,200, equilibrium income rises by what number?

What basic financial statements can be found in a corporate annual report? Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows. Balance sheet, auditor's report, and income statement.

When the government bails out failing banks, it creates a moral hazard problem; but when the government bails out homeowners who are defaulting on their mortgages, there is no moral hazard problem. TrueFalse

A piece of property bought by XYZ Corporation a few years ago was sold for $5 M. The cost basis for this property was $2.75 M. The company had a taxable income of $12.15 million in the year the property was sold.

What must be marked on ready-to-eat bags (PHFs): Best before date Temperature to reheat Name of the food Shelf to store the food on

In which of the following cases will the effect on equilibrium output be indeterminate (i. e., depend on the magnitudes of the shifts in supply and demand) ? a. Demand increases and supply increases b. Demand decreases and supply decreases c.

One of your fellow investment adviser representatives (iar) at your firm recently came to you and asked for a loan. you couldn't afford to give him the loan, but two days later you overheard him on the phone asking a client for the same loan.

David likes new balance running shoes. however, when he stopped by the foot locker to buy a new pair of running shoes, he noticed that nike had a new pair of running shoes that cost $350.