At any given volume, average fixed costs must equal average variable costs

True or false?

You can find the mines for tanzanite (a blue-purple gemstone) only in Tanzania, but they are owned by the local government.

Ryerson Co. provides goods and services to customers during the year totaling $100,000. Also during the year, customers are granted discounts, returns, and allowance of $20,000.

Andy's two nephews want to travel to Philadelphia with him to see a show. Andy has two free plane tickets and three tickets to the show.

The construction of demand and supply curves assumes that the primary variable influencing decisions to produce and purchase goods is

Classify each of the following based on the macroeconomic definitions of saving and investment. Saving Investment a. Susan purchases stock in Pherk, a pharmaceutical company. b. Megan buys new bulldozers for her construction firm. c.

Sheila went to college to study accounting, and got her first entry-level job right after graduating. however, as she gained more experience at the law firm where she worked, she became more knowledgeable about tax law and decided to make a

The following information pertains to Oro Corp.: Credit sales for the year ended December 31 $450,000 Credit balance in allowance for uncollectible accounts at January 1 10,800 Bad debts written off during the year 18,000 According to past

A factory has added a new incentive program to encourage employees to use payroll deductions to contribute to their 401K retirement account. The company will now contribute funds based on the employee deduction amount.

An electronics firm sells four models of stereo receivers, three amplifiers, and six speaker brands. When the three types of components are sold together, they form a "system." How many different systems can the electronics firm offer?

Which of the following would shift the supply curve for smartphones to the right? A) an increase in the price of a substitute in production B) an increase in consumer income (assuming that all smartphones are normal goods) C) a decrease in the