An increase in the demand for a good is represented by:

1. a left shift to a new demand curve.

2. a right shift to a new demand curve.

3. a rightward movement along the demand curve.

4. a leftward movement along the demand curve.

Firms producing an identical product in a perfectly competitive market are producing at a quantity that maximizes profit. The current market price is $4.50 per unit, and the firms are producing at a long-run average cost of $3.50 per unit.

The following items may appear on a bank statement: 1. Bank correction of an error from posting another customer's check (disbursement) to the company's account 2. EFT deposit 3. Loan proceeds 4.

A group of athletic shoes in a shoe factory are partially completed but still lack their innersoles and shoestrings. these shoes are classified as

If a certain business monopolizes a particular industry, the government will attempt to stop it. this is an example of which economic function of government?

In the 1990s thousands of "dot-com" companies emerged with great fanfare to take advantage of the Internet and new information technologies.

Who has the greatest need for life insurance? a. households with small children b. singles living alone c. singles living with parents d. dual income couple

When should you write a functional (skills) résumé?

Modern economic growth is defined as increases in real gdp over time. a. True b. False

An outside supplier has offered to produce and sell the part to the company for $23.40 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided.

Mr. and Mrs. Underhill operate a hardware store in a jurisdiction that levies both a sales tax on retail sales of tangible personalty and an annual personal property tax on business tangibles.