During February, Barreca Clinic plans for an activity level of 2,700 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits:Revenue: $49.10qPersonnel expenses: $34,100 + $13.20qMedical supplies: $1,300 + $9.40qOccupancy expenses: $8,300 + $1.40qAdministrative expenses: $6,100 + $0.30qRequired: Prepare the clinic's planning budget for February.

There are three consumers in the market for playing cards: Don,John,and Ron.At a price of $2 per pack,the quantities demanded by each are 3 packs,2 packs,and 1 pack,respectively.At a price of $1.50 per pack,the quantities demanded by each are 4 packs,5 packs,and 3 packs,respectively.Which of the following is true?

A) The market demand curve for playing cards does not follow the law of demand.
B) The decrease in price causes the quantity demanded in this market to increase by 6 packs.
C) The price decrease causes Don's demand curve to shift more than that of John and Ron.
D) At a price of $1 per pack,the quantity demanded in this market must be 20 packs.
E) Don's behavior does not follow the law of demand.

Bob in Burnaby called Ed in Toronto and offered to sell him 40 kilograms of smoked salmon at $15 per kilogram. He requested that Ed phone him back by noon the next day. That way, Bob could offer it to someone else if Ed wasn't interested. Instead of phoning, Ed sent a letter of acceptance, in which he said that he would have his agent pick up the fish. On these facts, which of the following is false?

A) If using the mail was unreasonable, the acceptance could not be effective until it was received.
B) If using the mail was unreasonable, the acceptance was effective when it was mailed.
C) The place of formation of the contract, if there was one, was Burnaby if the use of the mails was unreasonable.
D) The place of formation of the contract, if there was one, was Toronto if the use of the mails was reasonable.
E) Although a response by phone was requested, a response by mail would be effective if received before noon the next day.

Because the marginal product of a variable resource at first increases and then decreases as the output of the firm is increased:

A) total cost at first increases at a decreasing rate and then increases at an increasing rate.
B) total variable cost at first increases at an increasing rate and then increases at a decreasing rate.
C) average total cost at first increases and then diminishes.
D) average fixed cost will rise beyond the point of diminishing returns.

Flexible working hours help to reduce stress and also provide greater autonomy to employees.

Competition limits the price a monopolistically competitive firm can set.

When certain kinds of assets are built that require public welfare and safety expenditures at the end of the asset's life,

A) these estimated future expenditures are subtracted from the carrying value of the asset.
B) these "asset retirement" costs are expensed when asset retirement occurs.
C) this fact is only reported in the notes to the financial statements.
D) a liability simultaneously arises.

(Figure: Guns and Butter) Use Figure: Guns and Butter.On this figure,points A,B,E,and F:

A) indicate combinations of guns and butter that society can produce using all of its factors efficiently.
B) indicate increasing opportunity costs for guns but decreasing opportunity costs for butter.
C) indicate that society wants butter more than it wants guns.
D) indicate constant opportunity costs for guns and increasing costs for butter.

A perspective that effective organizations incorporate several workplace practices that leverage the potential of human capital is called high-performance work practices.