One of the three economic questions deals with deciding

a

what goods and services should be produced.

b

what the costs of production should be.

c

how goods and services will be marketed.

d

how consumers will receive products.

Suppose ABC Dairy is one firm competing in the perfectly competitive market for milk. Now suppose ABC Dairy decides to produce only organic milk. Which of the following best describes the effects of this change in the market? a.

Tobin inherited 100 acres of land on the death of his father in 2019. A Federal estate tax return was filed and the land was valued at $300,000 (its fair market value at the date of the death).

What type of business are most of the 25 million businesses in this country?

The Model E extender fits with the 2 inch heavy duty hitches. The contract calls for 247 Model E extenders per week to be delivered in equal installments over the 16 weeks of the contract. The goal of Alpha Assemblies is to work 40 hours per week.

Domestic Market for Steel, Alpha Qs P Qd 60 5 10 40 4 20 30 3 30 20 2 40 10 1 50 Domestic Market for Steel, Beta Qs P Qd 80 5 20 70 4 30 60 3 40 50 2 50 40 1 60 The accompanying tables show data for the hypothetical nations of Alpha and Beta.

Consider the market for dog walkers that is currently in equilibrium. If the government institutes a minimum wage that is below the market wage, what will be the consequence for dog walkers? Select the correct answer below: A.

When taking notes to be used in preparing meeting minutes, why should the wording of the motions be recorded exactly, word for word, as stated?

Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular telephones; each phone has $40.00 of direct materials, includes 30 parts and requires 3 hours of machine time.

On October 10, Joleen Vora applied for a $50,000 life insurance policy with Magnum Life Insurance Co. She named her husband, Jay, as the beneficiary. Joleen paid the insurance company the first year's premium on making the application.

Technically a property can be listed at any price, however deliberately misleading a client as to the market value of the property to guarantee a listing is an ethical violation. This practice is commonly referred to as