Which questions need to be answered when tracing costs during a customer profitability analysis?
a. What are your cost objects?
b. What processes does each customer initiate?
c. What activities comprise each process?
d. What resources are used by each activity?
e. All of the above
e. all of the aboe
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The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is $20.00 per week. Milkshakes cost $2.00 each and sodas cost $.50 each
What quantity of milkshakes does Tom purchase at his consumer equilibrium? A) five B) six C) seven D) eight
Pollution taxes are more efficient in cleaning up the environment than direct controls. What is not an advantage of direct controls?
A. They are useful standby mechanisms. B. They are useful if it is decided to prohibit the substance altogether. C. They are useful where dependable metering devices are not available or prohibitively costly to install. D. They are most useful in centrally planned economies.
Supply-side policies are focused on ______.
a. short-run stabilization b. both short and long-run stabilization c. increasing long-run industry regulation d. decreasing long-run aggregate supply
If this is a closed economy, how many bushels of corn will be produced?
A. 900 million bushels B. 150 million bushels C. 300 million bushels D. 600 million bushels