c. Productive efficiency occurs when a good or service (such as the distribution of tickets) is produced at the lowest possible cost. Is this an efficient way to distribute the tickets?

Suppose an economic boom causes incomes to increase and, at the same time, drives up wages for the sales representatives who work for cell phone companies. Assume that smartphones are a normal good.

Ward hardware used the fifo inventory costing method in 2017. ward plans to continue using the fifo method in future years. which accounting principle is most relevant to? ward's decision?

What is true of the product combination that satisfies allocative efficiency? Select all that apply: a. It is the combination of products that society most desires. b. It is one of many combinations of products that use all available resources. c.

Customer discrimination occurs when customers refuse to buy products produced by a racially diverse workforce. a firm pays workers different wages based on irrelevant factors. customers refuse to buy products they believe to be of poor quality.

Which of the following is a sign of credit trouble? a. spending limits on credit accounts are increased. b. more credit cards are opened. c. credit cards are used for big purchases. d. credit cards are canceled due to poor payment history

What is the definition of advertising? a. advertising is the type of font used in a newspaper. b. advertising is the set of principles by which we judge if something is right or wrong. c.

The Pita Pit borrowed $206,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2022.

A firm has net working capital of $510, net fixed assets of $2,256, sales of $6,200, and current liabilities of $820. How many dollars worth of sales are generated from every $1 in total assets

If there were 60,000 pounds of raw materials on hand on January 1, 120,000 pounds are desired for inventory at January 31, and 410,000 pounds are required for January production, how many pounds of raw materials should be purchased in January?

2012, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000. During year its real GDP grew by with this growth in real GDP? a.