One of the three economic questions deals with deciding

a

what goods and services should be produced.

b

what the costs of production should be.

c

how goods and services will be marketed.

d

how consumers will receive products.

Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 58,700 units of its sole product. Magpie desires a profit equal to a 21% rate of return on invested assets of $605,000.

The cost of inflation to society includes a. the lost spending when people do not have enough money. b. higher interest rates paid by borrowers. c. unpredictable changes in the value of money. d.

10. You are interested in renting an apartment for your sophomore year in college. You meet with the landlord, complete the application and after checking your credit background and references, the landlord approves your application.

Departmental contribution to overhead is calculated as the amount of sales of the department less:

The market rate of return is 10.8 percent and the risk-free rate is 4.45 percent. Galaxy Co. has 17 percent more systematic risk than the overall market and has a dividend growth rate of 5.5 percent.

The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.

Perfect price discrimination describes a situation in which the monopolist a charges exactly two different prices to exactly two different groups of customers. b maximizes consumer surplus. c experiences a zero economic profit.

On August 1, Masters Company buys 2000 shares of ABD common stock for $72500 cash. On December 1, the stock investments are sold for $75000 in cash.

The net income earned by the cooper, cross, and crane partnership is $18,000. their respective average capital balances are $20,000, $20,000, and $40,000.

when a minor breach has occured, the non - breaching party is able to do what?