A decrease in supply will cause the smallest increase in price when both supply and demand are elastic. demand is elastic and supply is inelastic. both supply and demand are inelastic. demand is inelastic and supply is elastic.

In the United States, a three-pound can of coffee costs about $5. If the exchange rate is 0.8 euros per dollar and a three-pound can of coffee in Belgium costs 7 euros. What is the real exchange rate?

The list below shows the closing costs on a home loan amount of $185,000. closing cost charge loan origination $275 title insurance $528 attorney's fees $750 appraisal $275 recording fees $121 if the buyer also paid a 3% real estate agent

Which type of need (according to Maslow's theory of motivation) comes from a desire to realize and achieve one's true potential?

Dawn is a manager for a pet grooming shop. She has decided to engage in planning by creating goals for her employees.

Commonminussized balance sheets (A) show data for companies in the same industry. (B) show data for companies with approximately the same amount of assets. (C) show each balance sheet account as a percentage of total assets.

Osborn Manufacturing uses a predetermined overhead rate of $19.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $256,080 of total manufacturing overhead for an estimated activity level of 13,200 direct

A corporation has 44,904 shares of $26 par value stock outstanding that has a current market value of $238 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding. Select the correct answer.

A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to households for $50 each. The remaining tires are unsold and are added to the tire manufacturer’s inventory.

Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, andfixed costs total $60,000. How many MP3 players must Cunningham sell to earn netincome of $140,000?

Calculate the accounting profit or loss as well as the economic profit or loss in each of the following situations: a. A firm with total revenues of $150 million, explicit costs of $90 million, and implicit costs of $40 million b.