The fictional country of lavoria recently passed legislation outlawing the sale of gasoline at a price higher than $5.00 per gallon. such an action is an example of an action that would be most associated with which economic system?

Roger's Meat Market is a chain of retail stores that limits its sales to fresh-cut meats. The stores have been very profitable in northern cities. However, when two stores were opened in the south, both lost money and had to be closed.

Friedich hayek believed that

At the beginning of 2019, Florida Road Construction entered into a contract to build a road for the government. Construction will take 4 years. The following information as of 31 December 2009 is available for the contract: 1.

A formal written statement of management's plans for the future, expressed in financial terms, is a a. budget b. gross profit report c. performance report d. responsibility report

Consider a good to which a per-unit tax applies. The size of the deadweight that results from the tax is smaller, the a larger the price elasticity of demand. b smaller the price elasticity of supply. c larger the amount of the tax.

One of Simplex Company's products has a contribution margin of $44,000 and fixed costs totaling $54,000. If the product is dropped, $37,000 of the fixed costs will continue unchanged.

When technology spillover occurs, a. those firms engaged in technology research should be taxed by the government. b. a firm's research yields technological knowledge that can then be used by society as a whole. c.

Shot-term financial goals include saving for

The current sections of Sandhill Co.'s balance sheets at December 31, 2021 and 2022, are presented here. Sandhill Co's net income for 2022 was $137,700. Depreciation expense was $24,300.

Vincent Corporation has 92,000 share of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $118 a share on June 30.