Which of the following activities best illustrates the use of marginal analysis?
A)
Finding the future value of a savings deposit
B)
Finding the opportunity cost of not going to college
C)
Buying a dozen oranges a week because they are priced at $1.00 a dozen instead of $0.10 each
D)
Buying eight oranges a week because the extra satisfaction from four extra oranges is not worth $0.20 to you
D
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Sampling is less effective than coupons, advertising, and games or contests in helping consumers evaluate products
Indicate whether the statement is true or false
Which of these is part of the Written Tradition?
a. hieroglyphics b. printed text c. secondary orality d. technology
The range of the values $60,000 and $75,000 is ________
Fill in the blank(s) with correct word
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2 Gant paid $3,600 on accounts payable. Which of the following statements is incorrect?
A. Gant's working capital will remain the same. B. Gant's quick ratio will increase. C. Gant's quick ratio will increase and its current ratio will decrease. D. Gant's current ratio will increase.