True or false?

Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.

Suppose Community Bank offers to lend you $20,000 for one year at a nominal annual rate (annual percentage rate) of 6.

In an oligopoly, the total output produced in the market is A. lower than the total output that would be produced if the market were a monopoly and lower than the total output that would be produced if the market were perfectly competitive. B.

If macroeconomics looks at the economy as a whole, it focuses on which of the following?

Which of the following statements about nontaxable exchanges is true? Multiple Choice A. The parties to the exchange both realize gain on the exchange. B. Any gain realized on the exchange is not included in financial statement income. C.

The Coase Theorem suggests that negotiations to eliminate an externality allow the resource toA. continue to benefit everyoneB. move to the person who values it the mostC. move to the person who needs it the mostD.

Abbott Landscaping purchased a tractor at a cost of $33,000 and sold it three years later for $16,500. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value.

Hall Company sells merchandise with a one-year warranty. In the current year, sales consist of 3,999 units.

Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20 per unit Overhead costs for the year Variable overhead $ 10 per unit Fixed overhead $ 160,000 Units produced 20,000

Why might a large research company use the Linux operating system? A. It can be modified to fit the specific needs of the company. B. It costs more than other operating systems and is therefore better. C.

At the end of her school lunch, Sue always looked forward to the cookies that the cafeteria sold. One day she was surprised to see her cookie iced in the shape of a famous athletic apparel brand.