Refer to the above table. If the price of a magazine is $2 and the price of a paperback book is $5 and the consumer has $19, the rational consumer will purchase

A) 2 magazines and 2 books.
B) 2 magazines and 3 books.
C) 5 magazines and 6 books.
D) 6 magazines and 6 books.


Answer : B) 2 magazines and 3 books.

Business

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A negative balance for retained earnings due to cumulative net losses is called a(n)

A) ?deficit. B) ?retained loss. C) ?retained debit. D) ?other comprehensive loss.

Business

If A and B are independent events with P(A) = 0.38 and P(B) = 0.55, then P(A|B) =

A. 0.209. B. 0.000. C. 0.550. D. 0.380.

Business

You should consider ___________________ the conventions you prefer to use for writing signs, symbols, and units

a. keeping a count of b. keeping a list of c. keeping records of who else uses d. altering

Business

Which of the following is the most accurate description of a direct competitor for a firm?

A) a firm that sells complementary goods or services B) a firm that offers identical goods or services to another market C) a firm that sells similar, but not identical, goods or services D) a firm that offers identical goods or services to the same market

Business