Invisible Hand School of Social Responsibility Group of answer choices Advises managers to be responsible to shareholders by being responsive to the larger society. Role of business is to serve larger society and it does so best when serving shareholders only. Advises managers to serve shareholders and to act only with shareholders' interests in mind. Role of business is to serve larger society, so it should serve the needs of the larger society.

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

What is credit and debit in accounting

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?