A competitive firm maximizes profit by choosing the quantity at which

a. average total cost is at its minimum.

b. marginal cost equals the price.

c. average total cost equals the price.

d. marginal cost equals average total cost.

What is the amount of assets for Blue Top Taxi Company? A. $900 C. $2,000 B. $1,100 D. $2,900

Hundreds of colleges serve millions of students each year. The colleges vary by location, size, cost, and educational quality, which allows students to match schools to their diverse preferences.

A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $14.00 per unit. The unit cost for the business to make the part is $22.00, including fixed costs, and $10.

On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 30,000, $1 par, common shares. The market price of Sandals common stock is $35 on June 30.

Which two advantages do renters have that home buyers don't have? A) Renters don't have to pay a security deposit. B) Renters are not affected by changing property prices. C) Renters don't have to pay for major repairs to the property.

Which of the following is true if the volume of sales increases (within a relevant range) ? A. total fixed cost increases B. total variable cost decreases C. total variable cost increases D. total fixed cost decreases

Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flour and butter (flour is a direct material for cupcakes and butter is a direct material for cookies) : Flour (Direct

A random sample of 40 students were asked how much money they spent on entertainment in the last week. They spent an average of $28, with a standard deviation of $18. What is the 90% confidence interval for mean amount spent on entertainment?

Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. The fair market value of the condominium is $120,000. What is Luciana's basis in the condominium and the amount of any income as a result of this purchase?

Sonny had a contract to paint the rides at an amusement park and needed a paint that would protect against extensive wear, potentially harsh weather, and rust.