A monopoly is characterized by all of the following except a. there are only a few sellers, each selling a unique product. b. there are no close substitutes to the firm's product. c. entry barriers are high. d. the firm has market power.

Knox Inc. is deciding between the two dividend payment plans below: Year Plan A Plan B 1$3.00$0.50 2$3.05$1.75 3$3.10$3.25 4$3.15$6.80 Stockholders are expected to discount Plan A by 15% and Plan B by 10%.

If it is known that the income elasticity of demand for the same good is 2.5, estimate the percentage change in demand if consumer income increases from $100 to $300.

If Dirk's Doughnuts is a perfectly competitive firm and is currently incurring economic losses of $500: a. firms will enter the market. b. individuals will demand fewer doughnuts. c. the market supply curve will shift to the right. d.

Which eu country has recently established formal border controls along one of its borders?

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 7.0 hours Standard variable overhead rate $ 13.

What is a possible negative aspect of economic growth? a. Increased trade B. Increased population C. Increased standard of living D. Increased pollution

The drivers that explain changes in costs as units produced change are called: a. activity based cost drivers b. unit-level drivers c. non-unit-level drivers d. All of these choices are correct.

Luis and Amy are programmers employed by X Corp. They work in cubicles next to each other. Both have M. Sc. degrees in computer science (Luis also has a Ph. D. in philosophy).

Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.

What is the Present Value of the following cash flows at an interest rate of 7% AER? A.) $900 received one year from now. B.) $900 received 10 years from now. C.) $900 received each year beginning 1 year from now and ending in 10 years. D.