Figure 4.3 represents the domestic market for gasoline in the United States. What is the producer surplus in this market?
a. 60 gallons of gasoline
b. $120
c. $60
d. $3
c. $60
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
Managers’ expectations of employees can impact the employees’ motivation. This is called ______.
a. motivation process b. Pygmalion effect c. performance formula d. leadership
During the month of March, Baker's Express purchased 10,000 pounds of flour at $1 per pound. At the end of March, Baker's Express found that it had an unfavorable materials price variance of $500. The standard cost per pound must be
A) $1.95 B) $1.00 C) $1.05 D) $0.95