A monopoly is producing a level of output at which price is $80, marginal revenue is $40, average total cost is $100, marginal cost is $40, and average fixed cost is $10. in order to maximize profit, the firm should

In the theory of deregulation economics, cutting taxes allows people to save more money. Banks then loan that money to businesses, and businesses invest the money in resources to improve productivity. a. True b. False

Discuss the cultural factors organizations must understand in order to do business on a global scale. support your reasoning.

Stereotyping is a useful tool to use when creating segments based on ethnicity.

Which of the following is false? a. preventive controls are often preferable to detective controls b. application controls depend on general controls c. programmed controls are often preferable to manual controls d.

If the price of milk rises, when is the price elasticity of demand likely to be the lowest? a. one year after the price increaseb. one month after the price increasec. immediately after the price increased. three months after the price increase

Bill Casler bought a $2000, 9-month certificate of deposit (CD) that would earn 8% annual simple interest.

You win $200 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 3% interest.

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 20 bushels of corn or 5 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland.

Knowing that Graeter's competes with multinational corporations as well as small businesses, would you recommend that Graeter's expand by licensing its brand to a company in another country? Why or why not?

Sally overhears a phone conversation in an elevator of her office building in N. Y. C. discussing top secret financial matters regarding a corporation.