51.The shareholders’ equity section of Manning Company as of December 31, 2015 follows: Common stock (11,000 shares issued @ $6 par) $66,000 Additional paid-in capital (Common stock) 100,000 Retained earnings 60,000 Less: Treasury stock (1,000 share @ $12) (12,000) Total shareholders’ equity $214,000   The company declares and distributes a 3 percent stock dividend on the outstanding shares.  The market price of the […]

    41) The supply of loanable funds is from A) households and the government if it has a budget surplus. B) households and the government if it has a budget deficit. C) firms and the government if it has a budget surplus. D) firms and the government if it has a budget deficit. E) households and firms.   42) The quantity of loanable funds […]

    31) Intel and AMD are a duopoly that produces CPU chips. Intel and AMD can conduct R&D or they cannot conduct R&D. The table above shows the payoff matrix for the two firms. The numbers are millions of dollars of profit. The Nash equilibrium is for Intel to ________ and for AMD to ________ . A) conduct R&D; conduct R&D B) conduct R&D; […]

  Ryan wants to rent an apartment. The following table shows the monthly rent of five apartments and the monthly commuting time to work from each apartment. Ryan’s opportunity cost of time is $15 per hour.   Apartment Commuting Time (hours/month) Rent ($/month) 1 40 1,500 2 20 1,750 3 10 2,000 4 4 2,210 5 1 2,250 11) Refer to the table above. The […]

    41) Which of the following is the best way to control employee theft without invading the privacy of honest employees? A) Secretly monitoring behavior to avoid upsetting employees B) Screening job candidates with pencil-and-paper honesty tests C) Avoiding the regular implementation of performance feedback D) Limiting electronic monitoring to written and verbal communications   42) Wallace Consulting is a small firm with 60 […]

  21) Refer to Figure 11.5. If the money supply increases from to , A) money demand must decrease for the money market to return to equilibrium. B) the interest rate will decrease to 4%. C) the interest rate will increase to 8%. D) the money market will return to equilibrium only if the money supply is increased to its original level. 22) Refer to […]

  21. Neptune Ltd. has the following information available for 2011 and 2012:    2011   2012 Current assets $120,000   $   240,000 Long-term assets   60,000        120,000 Total assets $180,000   $360,000         Converting the 2012 column into a common-size statement would show current assets as being: A. 60 percent higher than 2011 current assets.B. 67 percent of 2012 total assets.C. 71 percent of […]

    11) Which of the following firms is most likely to be a monopoly? A) local restaurant B) local distributor of natural gas C) local book store D) clothing store E) local bank 12) An example of a monopoly would be A) one of many U.S. wheat farmers. B) one of the few U.S. auto makers. C) AT&T cell phone service. D) the local […]

  91) Suppose the Canadian government imposes trade restrictions (tariffs or quotas) on the import of steel. Which of the following groups are likely to be in favour of this policy? A) Canadian automotive union B) Canadian consumers C) foreign steel producers D) foreign steel consumers E) Canadian steelworkers’ union                               […]

  21) Suppose the marginal cost of the fourth unit of a public good is $20. If Mark and Judy are the only members of society, and they are willing to pay $10 and $11, respectively, for the fourth unit of the good, then the efficient quantity is A) 3 units. B) 4 or more units. C) 0 units. D) More information is needed about […]