Differentiate between needs and wants?

A rule promulgated by the Environmental Protection Agency (EPA) limits the amount of carbon that can be emitted from a car's exhaust system. New York has a state law that allows for much higher emissions.

If expansionary policy produces high GDP and low unemployment, why wouldn't the Fed always use expansionary policy?

If a firm buys a delivery van for $18,000 and can resell it in 2 years for $7,500, the opportunity cost of using the van is

Exercise 20-23 Error correction; three errors [LO20-6] Below are three independent and unrelated errors. On December 31, 2017, Wolfe-Bache Corporation failed to accrue office supplies expense of $2,200.

Scenario 2: Suppose that the demand for artichokes (Qa ) is given as: Qa = 200 minus 4P Use the information in Scenario 2. What is the price elasticity of demand if the price of artichokes is $10? A. 0 B. minus4 C. minus0.25 Your answer is correct.

You observe a portfolio for five years and determine that its average return is 12.5 % and the standard deviation of its returns in 19.5 %. Would a 30% loss next year be outside the 95% confidence interval for this portfolio?

Pronghorn Company's income statement for the year ended December 31, 2020, contained the following condensed information.

Why would firms that rely heavily on credit sales find factoring attractive?

Many cooks view butter and margarine to be substitutes. if the price of butter rises, then in the market for margarine:

Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows: Direct materials $30,000 Direct labor 38,000 Variable factory overhead 8,000 Fixed factory overhead 40,000 Variable