If Bernice (whose utility function is minx, y, where x is her consumption of earrings and y is money left for other stuff) had an income of $15 and was paying a price of $8 for a pair of earrings, then if the price of earrings went up to $13, the equivalent variation of the price change would be

A) $5.36.
B) $8.33.
C) $16.67.
D) $2.68.
E) $6.85.

Sales incentives can be affected by external factors beyond the salesperson's control.

Why would a company like Walmart have a difficult time repositioning itself as a retailer of quality, stylish clothing?

In her presentation on improving employee morale, Jillian makes this statement: So far, you've heard only about the problems we have with morale; let's move to some solutions. Jillian has employed the verbal signpost called

A) summarizing.
B) previewing.
C) switching directions.
D) revealing.

The manager of Malan Pty Ltd wants to buy a new machine to replace the one currently being used. The new machine will cost $100 000 with no disposal value at the end of a five-year useful life. The manager estimates that the machine will reduce annual operating costs by $30 000. Depreciation will be $20 000 per year for five years. The tax rate for each year is expected to be 20 per cent and the company has an after-tax hurdle rate of 12 per cent. What is the annual after-tax cash flow for years 1 to 5 associated with the purchase of the new machine?

A) $30 000
B) $28 000
C) $24 000
D) $22 000

Jill and Joe are in business and designed a new technology in which they received a patent from the U.S. Patent and Trademark Office. Both Jill and Joe are New Mexico residents but spend the summer months in Minnesota. They find out a competitor has violated their patent. In which court would they want to bring a lawsuit?

A) The New Mexico state court only
B) The Federal District Court
C) The Minnesota state court only
D) Either the New Mexico or Minnesota state court
E) Either a state or a federal court