44.If BST’s stock trades at $21.50 at the end of the first trading day, what is the annual return on WIMMP’s investment? a.51.81% b.45.69% c.35.26% d.68.21%       45.Al Bert seeks $15 million from a VC fund. Al and the VC agree that the company should be ready to go public in 6 years. At that time the company should have a […]

    63) 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 […]

  71) Which of the following cost curves demonstrate increasing returns to scale? A) a downward-sloping long-run average cost curve B) an upward-sloping long-run average cost curve C) a horizontal long-run average cost curve D) a vertical long-run average cost curve E) returns to scale have nothing to do with the shape of the long-run average cost curve 72) For many firms the LRAC curve […]

31) The figure above shows the market for tires. The government has imposed a tax on tires, and the sellers pay ________ of the tax. A) $10 B) $20 C) $50 D) $60 E) $30   32) The figure above shows the market for tires. According to the figure, the government collects ________ per month in total tax revenue A) $600 million B) $1,200 million […]

  71) In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times. The New York City Police recommended steps the bank could take to deter robberies, including the installation of plastic barriers called “bandit barriers.” The police were surprised the bank did not take their advice. According to a deputy commissioner of police, “Commerce does very […]

    Answer questions 40-44 based on the following information. Mickie is a 37-year-old Hispanic female in her second pregnancy. Her first pregnancy resulted in a healthy baby girl that weighed 9 pounds 3 oz. Her prepregnancy information is as follows: BMI = 28; she is 5’4” tall; and was 165 pounds. She did not manage to take off all the weight she gained before […]

  31) Along an indifference curve, if the marginal rate of substitution is 3, then the consumer is willing to A) give up 1 unit of the good measured along the y-axis for 3 units of the good measured along the x-axis. B) give up 3 units of the good measured along the y-axis for 1 unit of the good measured along the x-axis. C) […]

    Short Problems   1.Accrued wages payable on December 31, 2014 and 2015 are $9,000 and $4,000, respectively. During 2015, wages expense is $36,000. Calculate the amount of cash paid for wages during 2015.     2.Graham, Inc. experienced the following changes in its cash balance during the current calendar year: Increases in Cash:   From customers $6,000 Sale of investments 3,000 Collection of […]

  179.The following information was taken from the annual manufacturing overhead cost budget of Fergie Manufacturing. Variable manufacturing overhead costs$92,400 Fixed manufacturing overhead costs$55,440 Normal production level in labor hours30,800 Normal production level in units5,775 Standard labor hours per unit4   During the year, 5,600 units were produced, 18,340 hours were worked, and the actual manufacturing overhead was $151,200. Actual fixed manufacturing overhead costs equaled […]

    74) The provision of the Patient Protection and Affordable Care Act (ACA) which states that, with limited exceptions, every resident of the United States must have health insurance that meets certain basic requirements is the ________ provision. A) employer mandate B) state health exchanges C) individual mandate D) regulation of health insurance     75) Which of the following is not part of […]