Opportunity cost occurs because of a producer's need to

A. limit resources.

B. protect resources.

C. allocate resources.

D. spend resources.

What does market analysis include

Official unemployment statistics Multiple Choice 1. include cyclical and structural unemployment but not frictional unemployment. 2. overstate unemployment because workers who are involuntarily working part time are counted as being employed. 3.

What exists because of scarcity

To generate higher profits, producers must work to increase their total supply. increase their total expenses. decrease their customer base. decrease their production costs.

Spending $1,500 more today for a hybrid engine rather than a conventional gasoline engine will result in annual fuel savings of $300.

Solemon Company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solemon wants to earn a targeted profit of $3,600, how many units must be sold?

Using the following information, what is the amount of net income? Purchases $ 33,189 Selling expenses $ 758 Merchandise inventory, September 1 7,436 Merchandise inventory, September 30 8,978 Administrative expenses 760 Sales 51,684 Rent revenue 832

You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs. O True O False

K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Finished goods $ 46,000 $ 50,000 Additional information: Direct materials $ 57,000 Direct labor cost $ 87,000 Manufacturing

Marcy Tucker received the following items this year. Determine to what extent each item is included in her AGI. (Leave no cells blank - be sure to enter "0" wherever required.) A $25,000 cash gift from her parents.