Which of the following is characteristic of games of chance?

A

They are based on ability.

B

Odds of house losing are high.

C

They are based on random occurrence.

D

Odds of gambler losing are high.

Why are there fewer traditional economies today?

Orange corporation has budgeted sales of 22 comma 00022,000 units, targeted ending finished goods inventory of 7 comma 0007,000 units, and beginning finished goods inventory of 6 comma 0006,000 units. how many units should be produced next year

Opportunity cost is: the benefit derived from a product. about half of the monetary cost of a product. the dollar payment for a product. the value of the best alternative forgone in making any choice.

What is Jared's accounting profit? Suppose Jared could have used his talents to run a similar kind of business instead. If he values his entrepreneurial skill at $10,000 annually, find Jared's total implicit costs.

An entire city likes milk and coffee equally well. milk is packaged in cardboard cartons. coffee is packaged in tin cans. yesterday the price of cookies, a complement to milk, increased in price.

Growth Enterprises believes its latest project, which will cost $80,000 to install, will generate a perpetual growing stream of cash flows.

A school's band members raised money by selling magazine subscriptions and shirts. Their profit from selling shirts was $/$5$ per shirt minus a one-time $/$40$ set-up fee. Their profit from selling magazine subscriptions was $/$4$ per subscription.

The most likely reason a firm would pay its sales representatives a commission rather than a salary is that it wants to

When Sandra and Charles Givens were divorced, the court ordered a division of property and awarded Sandra $65,000. The award was a judgment against Charles, who failed to pay it. Sandra asked the court to find Charles in contempt.

You want to be a millionaire when you retire in 40 years. you can earn a 12.5 percent annual return How much do you have to save each month if you can earn an annual return of 9.7 percent