Expenses of time, energy, and money not included in the purchase price of a product are known as.

hidden costs

c. service costs

b. implied costs

d. value-added costs

Ivan Boston is a regional sales manager for Unisys, a large manufacturer of computer systems. As such, Ivan is responsible for salespeople throughout the region, and he must interact with them frequently to solve problems.

Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she quits her job, sells $100,000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a bookstore.

If the average wage paid to the worker was $20 in the year 1990 and $30 in the year 2000, then the average worker in the year 2000 must have been better off in terms of purchasing power. Group of answer choices True False

If you invest $1,500 today in a bank that gives you a 5 percent annual interest rate, which of these items can you buy in two years?

As governor, Lynda has decided to balance the budget by reducing the number of people for whom the government provides health care. How does this affect the equilibrium price and quantity of medical services?

In the Reaching Beyond our Borders box titled, "Ethical Culture Clash", the story proves that a large multi-national company such as Motorola can ask its employees, and should expect them to follow the same ethical standards they would practice if

Kier Company issued $600,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 5-year term to maturity. The bonds have a 6.00% stated rate of interest and interest is payable in cash on December 31 each year.

Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?

Clear Colors Corporation uses a predetermined overhead rate based on direct labor costs to apply manufacturing overhead to jobs.

You sell a put option on S&P 500 index with the strike price of 3300. Suppose the S&P 500 index is 3000 on the option expiration date. What is your payoff?