For an individual firm in pure competition, the firm's average revenue and marginal revenue at any output level are both equal to the product's price.

a. True

b. False

Distributor is A. the term for an intermediary that takes possession of a product, alters it in some way, and then sells it to the ultimate consumer. B. the term for an intermediary that sells only to other intermediaries.

In the context of experimental research, the logic of random assignment is

A fad is a product that is popular for an extended period of time.

Where does a works cited page go

Earned $100,000 selling ice cream and spent $75,000 on supplies what does the remaining $25,000 represent

Ten Pins Manufacturing has 9 million shares of common stock outstanding. The current share price is $81, and the book value per share is $8. The company also has two bond issues outstanding.

The higher the price of an antique, the greater people's expectation that the object is rare. That, in turn, makes the antique appear more valuable. If the statements above are correct, then offering an antique for sale at a bargain price:

Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2019: Ordinary dividends $250 Capital gain distributions $170 Nontaxable distributions $80 Elsie, Elmer's wife, did not own any of the Virginiana Mutual

Ocean Vessels, Inc., and Pacific Harbor Company enter into a contract for a sale of a boat. Ocean is a merchant who deals in goods of the kind sold. The goods are defective. Under the UCC, the implied warranty of merchantability is breached a.

If it is known that the income elasticity of demand for the same good is 2.5, estimate the percentage change in demand if consumer income increases from $100 to $300.