If price rises, what happens to quantity supplied of a product?

The law of demand refers to the a. increase in price that results from an increase in demand for a good of limited supply. b. inverse relationship between the price of a good and the quantity demanded. c.

The income statement for Sweet Dreams Company is divided by its two product lines, blankets and pillows, as follows: Blankets Pillows Total Sales revenue $820,000 $320,000 $1,140,000 Variable costs 260,000 265,000 525,000 Contribution margin 555,000

A homeowner could take out a 15-year mortgage at a 5.5 percent annual rate on a $195,000 mortgage amount, or she could finance the purchase with a 30-year mortgage at a 6.1 percent annual rate.

If a person's indifference curves can be represented as a straight line, the person views the goods as

Albertson's is a retail chain that sells groceries. It has stores in 31 western, northwestern, mid-western and southern states. It is most likely to use national advertising to reach its target market. True or false?

Which of the following statements is correct? A. The deduction for personal and dependency exemptions is not permitted in calculating the AMT. B. Therefore, in converting regular taxable income to AMTI, a positive adjustment is required. C.

The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect:

A purely competitive wheat farmer can sell any wheat he grows for $25 per bushel. His five acres of land show diminishing returns because some are better suited for wheat production than others.

18. Callon Industries has projected sales of 67,000 machines for 2012. The estimated January 1, 2012, inventory is 6,000 units, and the desired December 31, 2012, inventory is 15,000 units. What is the budgeted production (in units) for 2012?

Which of the following statements is true? (A) The expectations hypothesis indicates a flat yield curve if anticipated future short-term rates exceed current short-term rates.