A competitive firm is producing 1,000 units of output with average total cost equal to $35 and marginal cost equal to $40. Can the market in which this firm operates be in a long-run equilibrium? Briefly explain.

In a dispute between two secured parties with unperfected security interests,which of the following is true?

A) The party who attached its interest first will prevail.
B) The party who attached its interest second will prevail.
C) The parties must divide the proceeds evenly between them.
D) The party who loaned the most money on the collateral has priority.
E) The party who loaned the least money on the collateral has priority.

Research in organizational behavior is based on scientific thinking, which means the proposed explanations are carefully tested and the explanations that can be scientifically verified are the only ones that are accepted.

Any Section 1245 gain is recognized as "ordinary" to the extent of the depreciation taken.

The Falkland Cheese Company has a variable rate loan with an interest rate collar. The company is assured that the interest rate will:

A) Not increase above a stated rate and will decrease in direct proportion to changes in the discount rate.
B) Both increase and decrease in direct proportion to changes in the discount rate.
C) Increase in direct proportion to changes in the discount rate but remain above a stated rate.
D) Not increase above a stated rate nor fall below a stated rate.
E) Never change from the initial rate.

(Figure: Marginal Benefits and Marginal Costs) Use Figure: Marginal Benefits and Marginal Costs.More time spent studying economics adds points to economics scores (MB) but subtracts points from accounting scores (MC) .When Claudia studies economics for four hours,the marginal benefit is _____ points;when she studies for 6 hours,the marginal benefit is _____ points.

A) 20;10
B) 30;10
C) 20;0
D) 20;30

The theory of rent formulated by ______ is still used by most economists today.

A) Karl Marx
B) David Ricardo
C) Frank Knight
D) Joseph Schumpeter
E) Pierre-Joseph Proudhon

Keri Marten has opened a day care center for children aged one to six. She seeks the assistance of local pediatricians in identifying those in need of her services. Identify the method of prospecting utilized by Keri.

A) Cold canvas
B) Center of influence
C) Group
D) Public exhibition
E) Endless chain

Another name for markup pricing is target-return pricing.

What is the amount of self-employment tax that self-employed individuals must pay and what is the proper treatment on their tax return?