When a firm is operating at an efficient scale,

a. average variable cost is minimized.

b. average fixed cost is minimized.

c. average total cost is minimized.

d. marginal cost is minimized?

A recent study found that an increase in the federal tax on beer (and thus an increase in the price of beer would reduce the demand for marijuana. We can conclude that:___. A. beer and marijuana are substitute goods. B.

While industry forces have been favorable for a long time in the U. S. automotive industry, recent dynamics have lowered the profit potential of competing in this industry and thus reduced its attractiveness.

What is the term used to describe individuals or organizations that are influenced by the actions of the firm?

Which of the following statements is true? A. The law requires a home inspection prior to every property transaction. B. Most home inspection requests come from real estate professionals. C.

Why is it important for organizations to accurately estimate the demand for a good or service? A. To decrease the fixed costs of production B. To plan production, marketing, and budgets C. To determine potential sales D.

A currency trader observes the following quotes in the spot market: 1 U. S. dollar = 122 Japanese yen 1 British pound = 2.25 Swiss francs 1 British pound = 1.63 U. S.

Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard hoody. Mary believes it will sell 341 times next season.

Stone Foods produces the majority of its cheese products in its U. S. based dairy division at a total outlay cost of $6.00 per unit.

The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever.

ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.