What two reasons are given for why wages differ between jobs?

A yacht offered for sale is currently assessed at $350K but asked for $450K. The purchaser of the yacht believes that the yacht is worth $375K, but ultimately purchases the yacht for $400K. The purchaser records the yacht at: a. $45K b. $450K c.

Suppose the price elasticity of demand for fishing lures equals 1.5 in South Carolina and 0.63 in Alabama. To increase revenue, fishing lure manufacturers should: a. lower prices in each state. b. raise prices in each state. c.

What two conditions must producers meet for there to be supply of a product?

When there is an improvement in technology, holding all else constant, A. the production possibilities frontier will shift inward B. society faces larger opportunity costs from shifting productive resources from one use to another C.

Muffton, a patisserie in Jewarmet, is best known for its blueberry muffins. As blueberries are not easily available in Jewarmet, Frutmarc, the only convenience store in Jewarmet that sells blueberries, is the only store from where Muffton can

The Cost-Benefit Principle indicates that an action should be taken if:A. its total benefits exceed its total costs. B. its average benefits exceed its average costs. C. its net benefit (benefit minus cost) is zero. D.

On May 1, Ace Electronics ordered office equipment. The equipment was delivered to Ace on May 15, and Ace agreed to pay for it by the end of the month. Ace paid for the equipment on May 31.

According to the path-goal theory of leadership: Select one: a. great leaders are born, not made. b. the best leaders possess high levels of emotional intelligence. c.

The most critical aspect of a wan services contract is how the service provider supplies troubleshooting, network management, and security management services.

Lakewood Jet Skis has budgeted sales for June and July at $ 440,000 and $ 540,000 , respectively. Sales are 65 % credit, of which 30 % is collected in the month of the sale and 70 % is collected in the following month.