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for $1,500 per month, and used the space to breed and sell
tropical fish. In her first year she made a business profit of
$60,000. What was her economic profit?
As the economy emerged from the most recent recession,
household income rose by 6%. Over the same period, total
expenditures on beef increased by 3%. Assuming that all
other economic variables were held constant,
Which of the following would be referred to as
"outsourcing"?
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