What do consumers and business in the market economy seek to do?

Frank spends $75 on 10 magazines and 25 newspapers. The magazines cost $5 each and the newspapers cost $2.50 each. Suppose that his MU from the final magazine is 10 utils while his MU from the final newspaper is also 10 utils.

Foyert Corp. requires a minimum $6,800 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end.

Which of the following is true of unethical behavior? A. It may cause people to lose trust in you B. It is always illegal C. It is regulated by administrative law D. It may be prevented by creating conflicts of interest

The CEO of David's firm just came back from a business seminar. He called David into his office and stated, "I just found out about the product life cycle curve in a strategy seminar. This is a great tool.

A monopolist that chooses price (A) necessarily produces less than a monopolist that chooses quantity, hence the laws against price fixing. (B) produces the same amount as a monopolist that chooses quantity.

Which of the following is an example of pretexting? A. A person accessing your email account without permission B. A person stealing a credit card bill from your mailbox C. A retailer scanning your credit card to steal its number D.

If the price of a product increases, then the budget line rotates and the optimal quantity demanded, which corresponds to the higher price, decreases.

Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's death, Jill's interest in the property will: a. pass to Jack as tenant in common. b. pass to Jill's heirs. c.

If the u. s. government increases the deficit and federal debt, what happens to the value of the u. s. dollar?

Why are imports considered as a leakage factor? A. Imports do not generate domestic income. B. Domestic industry loses ground as imports increase. C. Imports are taxed heavily, which is a secondary leakage factor. D.