When a person makes a choice that is close to but not exactly the one that leads to the best possible economic outcome, he or she is:

a. usually ignoring opportunity costs.

b. making an irrational decision.

c. operating with bounded rationality.

Which of the following examples demonstrates the law of demand? A) Mary buys fewer Milky Ways at $0.80 per Milky Way after the price of Snickers falls to $0.70 per Snicker. B) After Mark got a raise at work, he bought more cookies at $2.

A store has a $179.99 item on sale for 25% off, plus an additional 20% off. What is the percentage of savings off on this item?

When Nestle tried to enter the frozen pizza market to attempt to take market share away from home delivery pizzerias, it learned it couldn't sell its frozen pizzas at the same price customers would pay for delivery.

Who may enter into written agreement, within 90 days of school opening, to purchase or make payments to an individual or group annuity contract, custodial account or investment authorized under 403b of the internal revenue code for such employee?

How do the main sectors of education interelate?

Assume that total costs assigned to the setup activity cost pool in March are $120,000 and 100 setups were completed in March. Further, assume that during March machines were setup 20 times to make product X5.

The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.

Ratemakers at ABC Insurance Company calculated the pure premium to be $280 for a risk they were considering insuring. What is the gross rate for this risk, assuming a 30 percent expense ratioA) $364 B) $400 C) $430 D) $520

When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values. true or false

What are the security and management issues concerning virtual offices, especially hooked up into large virtual networks?