Explain how a wage increase in a particular industry affects the welfare generated by that industry

If the consumption function is given by C = 500 + 0.5 (Y - T), and Y is 6,000 and T is given by T = 200 + 0.2Y, then C equals: A) 2,500. B) 2,800. C) 3,500. D) 4,200.

The buzz phrase "sea change" refers to a (n)

Antecedent credibility is the credibility you develop before you speech and consequent credibility is the reputation that precedes you before your speech. True False

Added years of longevity and health plus financial stability have granted an active, opportunistic time of life to so many older adults that some experts believe a new phase of late adulthood has evolved, known as

An individual producer or a consumer "internalizes an externality" when a) they keep knowledge of the externalities private to them. b) they ignore the externalities created by their actions.

Fixed expenses: a. includes labor, raw materials, and commissions. b. can be estimated by taking into consideration the production. c. are incurred regardless of sales volume. d. must be linked to strategy in the business plan

4) Which of the following is least likely to be your primary health care provider? a. an allergist b. an internist c. an obstetrician-gynecologist

T/F A macroeconomist would be concerned with the following statement. "Two major hurricanes caused significant damage to the eastern seaboard and led to a fall in GDP and a rise in unemployment in the U. S. economy."

At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $14,000. By the end ofthe year, actual bad debts total $15,000. Record the write-off to uncollectible accounts.

Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $40. The following cost data per fan is based on a full capacity of 155,000 fans produced each period.