Exchange is important because it improves our standard of living and makes our lives better? true or false

Suppose that an economy produces 2400 units of output, employing the 60 units of input, and the price of the input is $30 per unit. Refer to the information above.

A traveler's willingness to pay for a room in a hotel in a remote location is $70. the traveler's willingness to pay for a hot breakfast is $10. the traveler views hotel rooms and hot breakfast as complementary products.

On December 31 of the current year, Aztec Company understated ending Merchandise Inventory by $10,000. How does this error affect the Cost of Goods Sold and the Net Income for the current year?

What else besides migration might account for a change in market size?

Cathy purchased several corporate bonds from a large corporation five years ago. She decides to sell those bonds to raise funds to start a business.

Which of the following is true of the factors that affect consumer decision making? a. Psychological factors include gender, age, family life cycle stage, personality, self-concept, and lifestyle. b.

What is an objection to outsourcing and offshoring?

A truck costing $110,000 was destroyed when its engine caught fire. At the date of the fire, the accumulated depreciation on the truck was $50,000. An insurance check for $125,000 was received based on the replacement cost of the truck.

Don contracts with mark to paint his house for $5,000 by the end of april. if the terms of their contract are clear and unambiguous, but a dispute arises, a court may not consider extrinsic evidence - any evidence not contained in the contract

Suppose a monopolist discovers a way to perfectly price-discriminate. Under this scenario, consumer surplus is. What are the efficiency costs (deadweight loss) ?.