How does a firm generally respond to higher demand for its goods?

a. it rations goods.

b. it raises prices.

c. it cuts prices.

d. there is no set response to this situation.

The monetary transmission mechanism works through the effects of changes in the money supply on:

Which of the following ideas is least likely to be protectable as a trade secret?

If a seller in a competitive market chooses to charge more than the going price, then: a. the sellers' profits must increase. b. the owners of the raw materials used in production would raise the prices for the raw materials. c.

Determine the area under the standard normal curve that lies to the left of (a) Z=0.83, (b) Z=0.06 , (c) Z=-0.57 , and (d) Z=-1.33.

Why (in a business) is it important to have an honest and secure way to count and total currency?

During Burns Company's first year of operations, credit sales totaled $156,000 and collections on credit sales totaled $113,000. Burns estimates that bad debt losses will be 1.0% of credit sales.

A rational decision maker takes an action only if the a. marginal benefit is greater than both the average cost and the marginal cost. b. marginal benefit is greater than the marginal cost. c. marginal benefit is less than the marginal cost. d.

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $110,500, and it estimates that 6% will be uncollectible. Required: 1.

Which skills are most required for someone in Design? A) knowledge of building processes, knowledge of specialized tools, and knowledge of building laws B) drawing skills, creativity for new ideas, and ability to model large-scale building projects

Stock X has a standard deviation of 22 percent per year and stock Y has a standard deviation of 8 percent per year. The correlation between stock A and stock B is. 21.