Oscar is thinking of quitting his job and buying a business. He thinks he will earn $100,000 in the first year. He currently works for a firm and earns a salary of $50,000 / year.

What is Oscar's opportunity cost for buying the business?

In a price-taker market, if a business produces efficiently the firm will be able to make at least a normal profit. True of False. Explain.

WKL Entertainment Inc. is a service-based firm with very few competitors. The company is looking to sell its services in different nations with substantial differences in consumer preferences and where cost pressures are not too intense.

In the "Talking with Little Girls" reading, Lisa Bloom writes about Group of answer choices 1. how important it is to compliment a little girl's appearance. 2. how we should consider sending messages to little girls that we value their brains. 3.

The Burger Doodle restaurant chain purchases ingredients from four different food suppliers. The company wants to construct a new central distribution center to process and package the ingredients it uses in its menu items before shipping them to

In the multiple-step income statement, cost of merchandise sold is subtracted from a. selling expenses. b. sales. c. gross profit. d. operating expenses.

Over the past 40 years, technological advances have reduced the cost of computer chips. how do you think this has affected the market for computers? for computer software? for typewriters?

Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses

What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.

In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?

2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.