If a perfectly competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $26 per bushel and the marginal cost is $26 per bushel, the firm should:

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $5,900 and payment terms of 2/10, n/30. Alison uses the net method to record purchases.

Thornton Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different used airplanes.

Ogden Motors, Inc. is involved in a lawsuit. It is reasonably possible that the jury will find in favor of the plaintiff and Ogden will owe ten million dollars.

Contracts are really only used for business; most people do not have contracts for their personal finances. True, false?

Is there a term to describe industries where its more expensive per unit to produce a large number than it is to produce a small number? A: yes, "diseconomies of scale." B: no, because that is never true.

The set of reforms packaged as the new deal was based on the belief that

Robin wants to find the perfect gift for her grandparents' 50th wedding anniversary. She started looking for the gift last month and expects to spend another couple of months if needed to find a gift they both will like. Robin is engaging in

The Chateau Company manufactures 4,000 telephones per year. The full manufacturing costs per telephone are as follows: Direct materials $4 Direct labor $16 Variable manufacturing overhead $12 Average fixed manufacturing overhead $12 Total $44 The

Alfredo has two offers for his grocery shop. The first offer is a cash payment of $60,000, and the second is a down payment of $10,000 with payments of $6,000 at the end of each semiannual period for 5 years.

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit $ 29 Variable expense per unit $ 14 Fixed expense per month $ 12,450 Unit sales per month 980