Which of the following is a question that is uniquely relevant to the subject of business ethics?
Of the following types of costs, which is most likely a fixed cost for a shoe manufacturer?
Mr. D’ s Barbeque of Pickwick, TN produces 10,000 dryrubbed rib slabs per year. Annually Mr. D’ s fixed costs are 50,000. The average variable cost per slab is a constant $ 2. The average total cost per slab then is
Which of the following is not a qualitative forecasting technique?
If the price elasticity of demand for a product is 5, and the income elasticity of demand for the product is 2.5. If a 0.5 % decrease in product price as accompanied by a 1 % decrease in consumer income, the firm ' s total sales will
Which of the following would most likely make the demand for an item more elastic?
The price of a firm ' s product increases from $ 5 to $ 6. As a result, the quantity demanded of the product declines from 600,000 to 500,000. The price elasticity of demand for the good is equal to( Use the arc price elasticity of demand)
Regression analysis was used to estimate the following seasonal forecasting equation: St = 124 + 18 D1 46 D2 28 D3 + 2.5 T
D1 is a dummy variable that is equal to one in the first quarter and zero otherwise; D2 is a dummy variable that is equal to one in the second quarter and zero otherwise; and D3 is a
dummy variable that is equal to one in the third quarter and zero otherwise. Forecast the level of sales in the second quarter of time period ten( T = 10).
A computer manufacturer can produce 5 computers for $ 5,000 and 10 computers for $ 7,500. Based on this information, what is the marginal cost per computer of the 6th through 10th computer?