Chapter 8 Costs and the Supply of Goods Questions 1 through 10 are a Suggested Chapter Quiz. 1. Which of the following is most likely to be an implicit cost of production? a. property taxes on a building owned by the firm b. transportation costs paid to a trucking supplier c. rental payments for a building utilized by the company and rented from another party d. interest income foregone on funds invested in the firm by the owners 2. Which of the following explains most clearly why business
Premium Costs Economics
recession. However‚ instead of using the stimulus package‚ the money could’ve been saved and still achieve the same effect as the stimulus package. Saving money will “have precisely the same impact on national income as spending.”This is because economic math proves that the GDP(gross domestic product) cannot be raised when transferring monies from one group of people to another. Whether or not the money is spent in stores or sits in a bank account‚ it is being used in different ways but still achieves
Premium Investment Economics Gross domestic product
End-of-Chapter Questions (3-2) Financial ratio analysis is conducted by managers‚ equity investors‚ long-term creditors and short-term creditors. What is the primary emphasis of each of these groups in evaluating ratios? Managers deal with all types of ratios. It is important for them to judge and improve the overall financial position of the company. Financial ratios are one of the most common tools of managerial decision making. Financial ratios involve the comparison of various figures from
Premium Financial ratio Financial ratios
CHAPTER I INTRODUCTION Peel waste are highly perishable and seasonal‚ is a problem to the processing industries and pollution monitoring agencies. There is always an increased attention in bringing useful products from waste materials and citrus wastes are no exceptions. Suitable methods have to be adopted to utilize them for the conversion into value-added products [Nand‚ (1998)]. Pectin exists in varying amounts in fruit cell walls and has important nutritional and technological properties
Premium
CHAPTER 3 Research methodology 3.1 INTRODUCTION This chapter deals with the research methodology of the study‚ including the research design‚ setting‚ population‚ sample and data-collection instrument. 3.2 RESEARCH DESIGN Polit and Hungler (1999:155) describe the research design as a blueprint‚ or outline‚ for conducting the study in such a way that maximum control will be exercised over factors that could interfere with the validity of the research results. The research design
Premium Research Scientific method Exploratory research
Chapter 1 The Power of Markets Charles states as his number one point that economics is really unpredictable. He uses the Coca-Cola Company as a fine example for this. That company starts of turning out to be loss and failure but within 10 years since it started it turned out to be very profitable. Charles also states that markets are extreme powerhouses over individual’s daily lives. Markets are also self-correcting because they use prices to allocate their resources. Individuals all work
Premium Market failure Externality State
Monopoly is a type of competition that doesn’t really have any competitors because it is firms that are regulated by the government. The MTA is a good example‚ because you cannot compete with that they are single sellers that have these businesses. 3. Oligopoly has a few competitors but it is difficult to enter into the business because they are a few major sellers‚ the products they offer are for example phone service‚ cable TV‚ Airlines‚ etc. These companies do not have many competitors because
Premium Monetary policy Unemployment Inflation
Chapter 3 PERIODIC TABLE AND PERIODICITY OF PROPERTIES Q.1 What are the contributions of Dobereiner‚ Newland‚ Luthar Meyer and Mendeleef in the present shape of long form periodic table ? Dobereiner’s Triads : In 1829‚ a German scientist‚ John Dobereiner classified specific elements into groups in order of increasing atomic masses. Each group has three elements. He named these groups as triads.He noticed that the atomic mass of the middle elements was found to be approximately equal to the
Premium Periodic table
off and we didn’t know it! When we were underwater I could see my brother’s 6 inch dick and he saw my 4.5 inch dick but we never told each other that so I knew my brother was naked but he didn’t know he was naked and my brother knew I was naked but I didn’t know I was naked. The we got out of the pool and we saw each other naked and we thought we heard someone coming so we quickly jumped in the pool again but it was only our dog. The we saw our bathing suits and we quickly swam for them. My brother
Premium Swimming pool Swimsuit Diving
MULTIPLE CHOICE 1. In economics‚ the demand for a good refers to the amount of the good people a.would like to have if the good were free.b.are willing to buy at various prices.c.need to achieve a minimum standard of living.d.will buy at alternative income levels. ANS B PTS 1 DIF E TOP Law of demand TYP RE 2. The law of demand is the principle that there is ____ relationship between the price of a good and the quantity buyers are willing to purchase in a defined time period‚ ceteris paribus. a
Premium Supply and demand Consumer theory