In the presence of shortages, why would a firm, such as a restaurant with people waiting for a table or a theater with people waiting for a ticket, not raise prices when doing so would seem to increase profits?

Which of the following are examples of fixed costs? (Select three answers.) Packaging and shipping a product A computer for recording customer and order information A monthly fee for a flea market booth Fuel for driving to customers' homes Hourly

Jeffrey Company wants to double production of Product X from 1,000 units to 2,000 units. The variable manufacturing cost per unit is $10. The variable nonmanufacturing cost per unit is $20. There are no fixed costs. The selling price per unit is $50.

Historically, international business as a business practice is considered A. a result of the rise of the Ottoman Empire. B. relatively new. C. to have begun in China. D. to have existed before the Roman Empire.

There is a provincial construction supervisor who gets to hire all of the housing inspectors.

Prepaid rent for one year on January 1, 2019, in the amount of $95,760. Record the adjustment on January 31, 2019. Purchased supplies for $4,600 on January 1, 2019. The inventory of supplies was $2,200 on January 31, 2019.

On June 1, Davis Inc. issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30.

You invest $50,000 now and receive $10,000 per year for 15 years starting at the end of the first year.

A high school currently require students to purchase a parking pass in order to park in the parking lot, but for the coming year they are considering letting all students park for free.

An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.

Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer