Consumer surplus is equal to the a. Value to buyers - Amount paid by buyers. b. Amount paid by buyers - Costs of sellers. c. Value to buyers - Costs of sellers. d. Value to buyers - Willingness to pay of buyers.

If economic activity increases, it follows that economic welfare:

Which business type is notably the easiest to acquire? A. Licensing B. Franchise C. Sole proprietorship D. C corporation

Identify the two independent clauses in the following compound-complex sentence. The production manager supported the changes, and he expected the process to work smoothly after the new machines were installed.

As industrialization created a greater and greater surplus in the United States, people began the emphasize A. The consumption of goods rather than the production of goods. B. Productivity and investment of profits. C.

Merriweather Building has operating income of $20 million, a tax rate of 25%, and no debt. It pays out all of its net income as dividends and has a zero growth rate.

Which of the following is a disadvantage of the sole proprietorship form of ownership

Products that are essential for life, such as water or groceries, yield more marginal utility than rare products, such as diamonds or luxury vehicles. A. True B. False.

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost.

Which of the following is true of internal recruiting? a. It increases recruitment time and costs. b. It targets job applicants that do not currently work for the organization. c. It improves employee commitment and morale. d.

In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units purchased during the period. b. A new weighted-average unit cost is calculated each time additional units are purchased.