If a product costs $10 to produce, the firm expects 10% margin on the cost to produce and transportation per unit costs $2, what is the least price the firm is likely to accept for the product?
a. $12.99
b. $12.00
c. $13.00
d. $12.01
C
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Describe the new neoclassical synthesis.
What will be an ideal response?
Effects of too little capacity include all of the following except?
a. Fewer mistakes b. Lost customers c. Overburden d. Long product completion times
Which of the following statements is true about the liability of principals for the acts of their agents?
A) Principals are responsible whenever the agents commit torts or criminal acts. B) Principals are never responsible for any of the torts committed by their agents. C) A principal is responsible only for the torts committed within the scope of the agent's employment. D) A principal is liable for torts committed by the agent if the agent was in an unauthorized place at the time of commission of the tort.
All states except for ________ have enacted the UCC as a commercial statute
A) New York B) Alaska C) Texas D) Louisiana