Business, 22.11.2019 01:31 carelee9449
Suppose that firms a and b each produce high-resolution computer monitors, but firm a can do so at a lower cost. cassie and david each want to purchase a high-resolution computer monitor, but david is willing to pay more than cassie. if firm a produces a monitor that cassie buys but david does not, then the market outcome illustrates which of the following principles? (i) free markets allocate the supply of goods to the buyers who value them most highly, as measured by their willingness to pay. (ii) free markets allocate the demand for goods to the sellers who can produce them at the least cost. a. (i) only b. (ii) only c. both (i) and (ii) d. neither (i) nor (ii)
Answers: 1
Business, 22.06.2019 11:00
Using a cps-sample of 7,440 individuals, you estimate the following regression: = 20.91 - 2.61 x female where female is a binary variable that takes on the value of 1 for females and is 0 otherwise. the standard error on the coefficient on female is 0.25. the 95% confidence interval for the gender wage gap, or the amount that females earn less, is: a) [-3.10, -2.12] b) [18.30, 23.52] c) [-3.02, -2.20] d) [-1.96, -1.64]
Answers: 3
Business, 22.06.2019 12:10
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
Suppose that firms a and b each produce high-resolution computer monitors, but firm a can do so at a...
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