Two methods of computing equivalent  units are the LIFO and the weighted average methods.

Answer the following statement true (T) or false (F)


False

The two methods of computing equivalent units are the FIFO and the weighted average methods.

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In the two-period model, suppose a household's income in the first period is $40,000, income in the second period is $50,000, and the real interest rate is 25 percent. By how much would the household's maximum spending in the first period increase if income in the second period increased to 60,000?

A. $6,000 B. $8,000 C. $10,000 D. $12,000

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In general, an acceptance occurs when: A)a particular form of words is stated to the offeror.? B) a particular mode of expression is made to the offeror

C) the offeree reserves the right to reject the offer. D) a clear expression of the offeree's agreement to be bound by the terms of the offer occurs.

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A person doing business for himself or herself is a(n):

a. single proprietor b. sole proprietor c. only proprietor d. partner e. general proprietor

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hree decision makers have assessed utilities for the problem whose payoff table appears below.



a. Plot the utility function for each decision maker.
b. Characterize each decision maker's attitude toward risk.
c. Which decision will each person prefer?

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