According to Figure 4.1, the loss in Mexican consumer surplus due to the tariff equals
a. $225.
b. $265.
c. $285.
d. $325.
c. $285.
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The manager of Hampton, Inc. is trying to decide whether to make or buy a component of the product it sells. Which of the following costs and benefits is not relevant to the decision?
A. Direct labor cost involved in making the component B. Variable manufacturing overhead involved in making the component C. The purchase price of the component if it is bought D. The selling price of the product
Which of the following statements is correct regarding the differences between contract, tort, and criminal law?
a. Tort and criminal law both impose a punishment for the defendant including prison and/or a fine. b. Criminal law imposes duties of conduct on all persons. c. Contract law awards money damages for the plaintiff; tort and criminal law do not. d. Criminal law is prosecuted by the government.
In order to reap the greatest return from the online channel for physical goods, firms should
A) maximize the return for each distinct supply chain member. B) minimize interactions between the buyer and the other supply chain members. C) integrate it with their existing supply chain networks. D) ensure that they have total ownership of the supply chain.
Willful violations of the Securities Act of 1933 are subject to a fine of not more than __________ and/or imprisonment of not more than __________ or both
a. $5,000, one year. b. $10,000, five years. c. $100,000, five years. d. $250,000, ten years.