External link to Question : 51) In making decisions about what to consume, a person’s : 1245222

Question : 51) In making decisions about what to consume, a person’s : 1245222

    51) In making decisions about what to consume, a person’s goal is to A) allocate her limited income among all the products she wishes to buy so that she receives the highest total utility. B) buy low-priced goods rather than high-priced goods. C) maximize her marginal utility from the goods and services she wishes to buy using her limited income. D) consume as […]

External link to Question : EXERCISES 144.Below a performance report that compares budgeted and actual profit : 1302677

Question : EXERCISES 144.Below a performance report that compares budgeted and actual profit : 1302677

  EXERCISES   144.Below is a performance report that compares budgeted and actual profit in the shoe department of Clara Boutique for the month of June:   BudgetActualDifference Sales$680,000$672,000($8,000) Less: Cost of merchandise330,000325,0005,000 Salaries of sales staff120,000     123,000     (3,000) Controllable profit$230,000     $224,000     ($6,000)   Evaluate the department in terms of its increases or decreases in sales and expenses. Do you believe it would be useful to investigate either or […]

External link to Question : 31) The quantity of U.S. dollars supplied in the foreign : 1238292

Question : 31) The quantity of U.S. dollars supplied in the foreign : 1238292

  31) The quantity of U.S. dollars supplied in the foreign exchange market is A) fixed at any given exchange rate. B) positively related to the exchange rate. C) negatively related to the exchange rate. D) unrelated to the exchange rate. E) the same as the quantity of for U.S. dollars demanded. 32) In the foreign exchange market, an increase in the exchange rate leads […]

External link to Question : 21.The balance in accumulated depreciation January 1 and December 31 : 1241911

Question : 21.The balance in accumulated depreciation January 1 and December 31 : 1241911

  21.The balance in accumulated depreciation on January 1 and December 31 is $12,000 and $9,000, respectively, during a year in which an asset with a cost of $4,000 and net book value of $0 was retired.  Depreciation expense for the current year is: a.$9,000. b.$3,000. c.$1,000. d.$7,000. 22.Which one of the following depreciation methods will typically result in the smallest amount of current taxes […]

External link to Question : 6.5   Using Elasticity to Analyze the Disappearing Family Farm 1) Which : 1387550

Question : 6.5   Using Elasticity to Analyze the Disappearing Family Farm 1) Which : 1387550

  6.5   Using Elasticity to Analyze the Disappearing Family Farm   1) Which of the following is one reason why the income of small family farms has decreased over time? A) Technology has increase farm productivity and market supply. B) The demand for farm products is price elastic. C) The demand for farm products is income inelastic. D) The U.S. population has increased greatly since […]

External link to Question : 71) A decrease in wealth leads to a A) leftward shift : 1240408

Question : 71) A decrease in wealth leads to a A) leftward shift : 1240408

71) A decrease in wealth leads to a A) leftward shift of the demand for loanable funds curve. B) downward movement along the supply of loanable funds curve. C) rightward shift of the supply of loanable funds curve. D) leftward shift of the supply of loanable funds curve. E) rightward shift of the demand for loanable funds curve.   72) An increase in wealth ________ […]

External link to Question : 18.2   The Oligopolists’ Dilemma A) P = MC. B) MR = MC. C) : 1226297

Question : 18.2   The Oligopolists’ Dilemma A) P = MC. B) MR = MC. C) : 1226297

  18.2   The Oligopolists’ Dilemma   A) P = MC. B) MR = MC. C) P < ATC. D) P = MR. E) MC = ATC.   2) When firms in an oligopoly successfully collude and do not cheat on a cartel agreement, they can make a long-run economic profit similar to A) perfect competition. B) monopoly. C) monopolistic competition. D) non-colluding oligopolies. E) the […]

External link to Question : 81.              Consider the half-reaction NH4+(aq) ? NO3?(aq).  When the equation : 1335552

Question : 81.              Consider the half-reaction NH4+(aq) ? NO3?(aq).  When the equation : 1335552

    81.              Consider the half-reaction NH4+(aq) ? NO3?(aq).  When the equation is balanced in acid solution, the coefficient for water will be__________, and the number of electrons transferred will be __________. A)  3, 3    B)  2, 6    C)  7, 6    D)  4, 4    E)  3, 8   82.              Consider the half-reaction NO3?(aq) ? NO(aq).  When the equation is balanced in acid solution, the coefficient […]

External link to Question : 75) An office supply store sells a ream of printer : 1387250

Question : 75) An office supply store sells a ream of printer : 1387250

    75) An office supply store sells a ream of printer paper at a fixed price of $4.50. Which of the following is a term used by economists to describe the money received from the sale of an additional ream of paper? A) marginal revenue B) gross earnings C) pure profit D) marginal costs E) net benefit   76) Economics promotes which of the […]

External link to Question : 51) In the indifference curve/budget line diagram, consumers reach higher : 1241125

Question : 51) In the indifference curve/budget line diagram, consumers reach higher : 1241125

  51) In the indifference curve/budget line diagram, consumers reach higher indifference curves when A) their budget decreases. B) the price of only the good measured along the y-axis increases. C) the price of only the good measured along the x-axis increases. D) the price of either good falls. E) the price of either good rises.   52) In an indifference curve/budget line diagram, generally […]

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