You win the million-dollar lottery and decide to quit working. how can you explain this decision using economics? choose one or more: a. the income effect now governs your behavior as you supply more labor. b. the income effect now governs your behavior as you demand more leisure. c. the substitution effect now governs your behavior as you demand more leisure. d. the opportunity cost of leisure goes up. e. the opportunity cost of leisure goes down. f. the substitution effect now governs your behavior as you demand less leisure.

Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor issues including wages.true or false?

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be