One weakness of a market system is that

Einstein Motors, has a capacity to produce 25,000 electric cars. Due to a temporary subsidy announced, there is a sudden increase in demand.

Holdt Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $66.70 per unit. The fixed expense is $212,290 per month. The break-even in monthly unit sales is closest to: A. 1,300 B.

When policymakers set prices by legal decree, they obscure the signals that normally guide the allocation of society's resources?

On January 10, Chen Co. issued an $80,000, 6%, 90-day note payable to Rao Co. Using a 360-day year, what is the total interest expense of the note? a. $4,800b. $480c. None of these choices are correct. d. $1,200

Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing function allow goods to be invoiced that are not shipped.

Under what condition will a monopoly firm incur losses?

Msi has determined that elimination of the post office polka (pop) program would not impact sales of the other two items. the remaining fixed overhead currently allocated to the pop product would be redistributed to the remaining two products.

Large purchases (such as motorcycles and automoblies) are commonly brought using?

At 1 a. m. in the morning, on the sidewalk in front of ace credit corporation, which is closed, ben buys a $500 promissory note for $50 from curt.

There are currently 20 members in a school Ski club and the dues are $8 per member. To encourage the recruiting of new members, the club treasurer suggests that for each new member recruited, the dues foe all members be reduced by 10 cents.