What is a public good?

Even in a monopoly consumers can find substitute goods or services. True or false?

When well-informed, specialized salespeople provide useful information to potential customers, these customers do not purchase the new product from a lower-cost outlet. True / False.

Buffalo Co. had purchased 160 shares of Washington Co. for $39 each this year (Oregon Co. does not have significant influence). Buffalo Co. sold 80 shares of Washington Co. stock for $45 each. At year-end, the price per share of the Washington Co.

American Express Company is a major financial services company, noted for its American Express® card. Below are some of the performance measures used by the company in its balanced scorecard follow: Average card member spending Cards in force

In 1914, the United States prohibited the importation of Mexican avocados even though Mexico is the world's largest producer of the fruit. This prohibition remained in effect until 1996.

When a person has a comparative advantage in producing a good or service, the person has A. a higher opportunity cost in producing that product than someone else. B. a constant opportunity cost in producing that product. C.

Growth Enterprises believes its latest project, which will cost $80,000 to install, will generate a perpetual growing stream of cash flows.

A school's band members raised money by selling magazine subscriptions and shirts. Their profit from selling shirts was $/$5$ per shirt minus a one-time $/$40$ set-up fee. Their profit from selling magazine subscriptions was $/$4$ per subscription.

The most likely reason a firm would pay its sales representatives a commission rather than a salary is that it wants to

When Sandra and Charles Givens were divorced, the court ordered a division of property and awarded Sandra $65,000. The award was a judgment against Charles, who failed to pay it. Sandra asked the court to find Charles in contempt.