If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call:

a. normal profits

b. interest payments

c. economic rent

d. abnormal profits

Bay Manufacturing Co. purchased a 3-month U. S. Treasury bill. In preparing Bay's statement of cash flows, this purchase would:A. have no effect. B. be treated as an outflow from financing activities. C.

In the budget constraint framework, when the price of a good rises and demand for the other good decreases, what can you say about the size of the substitution effect compared to the income effect?

Tony & Guy is a global hairdressing and education business headquartered in England. It has recently opened salons in Mongolia, adding to its numerous salons worldwide.

The sales manager feels that a $6,400 increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will result in an $86,000 increase in monthly sales.

Which of the following refers to the study of the economic behavior of individual decision-making units, such as individual consumers, resource owners, and business firms, in a free-enterprise system? A. Managerial economics B. Macroeconomics C.

Which term refers to the practice of revaluing an acquired subsidiary's assets and liabilities to their fair values directly on that subsidiary's books at the date of acquisition?

Supply-side market failures occur because it is impossible in certain cases for sellers to charge consumers what they are willing to pay for a product. a. True b. False

A fee is paid a. for each overdraft. c. monthly to have overdraft. b. for the first overdraft. d. annually to have overdraft.

With a traditional savings account, you could be charged a fee if: You open an account online You close the account You deposit too much money at once You withdraw money too often

Marigold Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A supplier offers to make 10,300 of the assembly part at $6 per unit.