When a firm has excess capacity, a price that covers the incremental costs incurred because of the job will contribute toward covering the company's fixed cost and profit.
Answer the following statement true (T) or false (F)
True
When a firm has excess capacity, a price that covers the incremental costs incurred because of the job will contribute toward covering the company's fixed cost and profit.
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Consider the Japanese market for jetliners as depicted in Figure 6.4. Suppose the lone producer of jetliners in the world is Boeing, which faces a constant marginal cost of $20 million per jetliner. How much profit will Boeing make?
a. 0 b. $150 million c. $230 million d. $250 million
A company maintains a qualified pension plan for all of its employees. The company can also establish a qualified profit-sharing plan for its management team.
Answer the following statement true (T) or false (F)
An advertisement shows a group of boys playing soccer on a hot day. When they take a break, the boys run to a cooler to find something to quench their thirst. Inside the cooler are water bottles, cans of soda, fruit juices, and Gatorade. Immediately, the boys fight over the Gatorade showing that it is clearly the best choice. In this ad, liquid refreshment represents a ________, and Gatorade represents a ________.
A. want; preference B. need; want C. craving; preference D. craving; need E. want; need
Under many modern statutes, what three elements must be met for a charge of burglary?