Equilibrium can only occur at

one price.

two prices.

three prices.

four prices.

You can drive from kansas city to st. louis in five hours. you can fly between both cities in two hours. the price of an airline ticket is $150. the dollar cost of driving between the cities is $50.

A German worker takes 400 hours to produce a car and 2 hours to produce a case of wine. A French worker takes 600 hours to produce a car and X hours to produce a case of wine. a. For what values of X will gains from trade be possible? Explain. b.

Consider the portfolio choice theory of money demand. how do you think the demand for money will be affected during a hyperinflation (i. e., monthly inflation rates in excess of 50%) ?

A firm using the perpetual inventory method returned defective merchandise costing P2,000 to one of its suppliers. The entry to record this transaction will include a debit to a. Accounts Receivable. b. Inventory. c. Purchase Returns and Allowances.

Using the following accounts and a predetermined overhead rate of 50% of direct labor cost, determine the amount of applied overhead.

Max Leonard, vice president of Marketing for Dysk Computer, Inc., must decide whether to introduce a midpriced version of the firm's DC6900 personal computer product line - the DC6900-X.

Phillips NV produces DVD players and exports them to the United States. Last year the exchange rate was $1.25/euro and Phillips charged 120 euro per player in Euroland and $150 per DVD player in the United States.

Why is it sometimes difficult for mananger to get others to do what they want them to do

Assume a hypothetical case where an industry begins as perfect competition and then becomes a monopoly. As a result of this change, A.

Green Co. incurs a cost of $15 per pound to produce product X, which it sells for $26 per pound. The company can further process product X to produce product Y.