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. the per-unit cost of production is: $0.50 $0.75 $2.00 $0.25

Depreciation associated with a project will: Answer A. cause incremental cash flows to increase B. only affect the fixed asset account as depreciation is a sunk cost C. have no effect on incremental cash flows D.

Suppose an analyst estimates how many jobs have been lost fromestimates how many jobs have been lost from free tradefree trade laws. this is an example of ▼ normative analysis positive analysis.

Ravelo Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Assembly $498,520 44,000 machine-hours Processing orders $54,263 1,100 orders Inspection $77,589 1,100

The Fed announced in September 2013 that it would postpone winding down its monetary stimulus until the economic recovery was stronger. When the Fed does finally begin to reduce bond purchases? a. interest rates will rise. b.

Explain the natural and necessary shifts of resources in a market economy.

The chapter says that for consumers as a group, Quiznos sandwiches are normal goods and Subway sandwiches are inferior goods.

Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000. The firm has an accounting profit of: a.

John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.

Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False

If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.