You produce cars. You are willing to supply the most cars at a price level of ___

$20,000

$30,000

$40,000

Economics is the study of how people try to satisfy unlimited wants and needs with limited resources. Question 6 options: True False

Erie company manufactures a mobile fitness device called the jogging mate. the company uses standards to control its costs. the labor standards that have been set for one jogging mate are as follows:

Which of the following is an econmic need

Smart Touch Learning normally performs e-learning services for $500. However, Smart Touch Learning performed services for a client for a discounted price of $400.

Of the fixed factory overhead costs, $72,000 are avoidable. Another company has offered to sell 5,000 units of the same part to Gonzalez for $70.00 per unit.

Most companies receiving a claim message tend to a. ignore the first phone call, e-mail, or letter. b. respond only to letters containing complaints that could result in lawsuits or financial harm. c.

The demand curve of a monopolistically competitive firm A. is perfectly elastic. B. is horizontal because the firm must cut its price to sell more. C. is downwardminus-sloping because it sells an identical product. D.

Scott Company had sales of $12,050,000 and related cost of goods sold of $7,100,000 for the year ending December 31, 20Y8. Scott provides customers a refund for any returned or damaged merchandise.

Bill and sally kaplan have an annual spending plan that amounts to $104,000. if inflation is 4 percent a year for the next three years, what amount will the kaplans need for their living expenses three years from now?

Which of the following describes the process whose ultimate result is Illustrated by the multiplier (the result being that gross domestic product (GDP) Increases by more than an initial increase in spending by Individuals, firms, or the government) ?