When a nation achieves autarky equilibrium,
a. input price equals final product price.
b. labor productivity equals the wage rate.
c. imports equal exports.
d. production equals consumption.
d. production equals consumption.
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Assume that Microsoft and Sony both plan to introduce a new hand-held video game. Microsoft plans to use a heavily automated production process to produce its product while Sony plans to use a labor-intensive production process. The following revenue and cost relationships are provided:
Required: (a) Compute the contribution margin per unit for each company.(b) Prepare a contribution income statement for each company assuming each company sells 8,000 units.(c) Compute each firm's net income if the number of units sold increases by 10%.(d) Which firm will have more stable profits when sales change? Why?
What will be an ideal response?
Which of the following groups is responsible for approving changes in the fundamental structure of the business?
A) the shareholders B) the board of directors C) the corporate officers D) the financial investors
Long-term investments include investments in land or other assets not used in a company's operations.
Answer the following statement true (T) or false (F)
Name and briefly define the four categories of consumer products. For each category, list three specific examples of products that would most likely be classified in that category.
What will be an ideal response?