Suppose an individual buyer purchases three pairs of shoes each year at $50 each pair and that there are 50 million such consumers in the economy. Compute the total market potential for shoes
A) $5,000 million
B) $6,500 million
C) $7,500 million
D) $10,000 million
E) $75 billion
C
You might also like to view...
A model that is based on the decisions of economic agents is known as
A. a rational-expectations model. B. a decision-theoretic model. C. a model with microeconomic foundations. D. a fully compatible real business cycle model.
At December 31 . 2014, the Carboneer Company had 150,000 shares of common stock issued and outstanding. On April 1 . 2015, an additional 30,000 shares of common stock were issued. Carboneer's net income for the year ended December 31 . 2015, was $517,500 . During 2015, Carboneer declared and paid $300,000 in cash dividends on its nonconvertible preferred stock. The basic earnings per common
share, rounded to the nearest penny, for the year ended December 31 . 2015, should be a. $3.00. b. $2.00. c. $1.45. d. $1.26.
Acme Global recognizes that different employees have different compensation needs when on expatriate assignments. Therefore it has a compensation specialist sit down with each employee before the assignment to work out how the employee will be compensated. It appears Acme Global is using the ______ approach to expatriate compensation.
A. lump-sum B. split-pay C. negotiation D. localization
Fred Frick and Fay Frack own houses next to each other and share a mutual driveway. Unfortunately, they hate each other. Fred leaves a garbage can on his side of the driveway, blocking Fay from getting in
Fay leaves her car parked on the driveway for long periods of time, blocking Fred from getting out. Which of the following is TRUE? A) Fred has the right to deal with his side of the driveway as he pleases, since he owns it. B) Fay has the right to park on her side of the driveway, since she owns it. C) Fred and Fay have only a right of way, not an easement, so neither has a right to complain. D) Neither Fred nor Fay has the right to interfere with the other's use of the driveway. E) both A and B