Economist Michael Kremer offered a unique solution to the problem of deadweight loss created by monopolies that have control of an innovation. What solution did he propose that would leave the drive to innovate uncompromised?

A cosmetic company planned to launch a range of low-cost cosmetics. It decided to undertake research on what kind of cosmetics were used by college students.

Suppose a sole proprietorship is earning total revenues of $100,000 and is incurring explicit costs of $75,000. If the owner could work for another company for $30,000 a year, we would conclude that:a. the firm is incurring an economic loss. b.

The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 110 in one year and 121 in two years. What nominal rate of interest should Frank charge Sarah?

Par value is the dollar value that an investor must pay in order to purchase preferred stock. a. True b. False

Saint John Industries uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit sales of $500,000 during the year. Saint John has experienced bad debt losses of 2% of credit sales in prior periods.

You have graduated from college and, after working hard for ten years, have scraped enough money together to make a down payment on a forty-acre farm within driving distance to the small city where you work in Colorado.

A company that formerly produced music cds went out of business because too many potential customers bought illegally-produced copies of the cds instead of buying the product directly from the company. this instance serves as an example of a.

A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an estimated useful life of 40 years.

Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,300 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 3,800 lbs.

During the 1800s, there was an increase in nationalism among European countries, and many people advocated for countries being set up along ethnic or linguistic lines.