Dudley has a utility function U(C, R)  C  (12  R) ², where R is leisure and C is consumption per day.He has 16 hours per day to divide between work and leisure.If Dudley has a nonlabor income of $20 per day and is paid a wage of $0 per hour, how many hours of leisure will he choose per day?

A) 9
B) 10
C) 11
D) 13
E) 12

A person could be liable for the tort of trespass

A) if, in the middle of the night, he was carried onto the neighbour's property and thrown in their pool.
B) if he lost control of his bike and accidentally went onto his neighbour's property and into their pool.
C) if he stood in his neighbour's driveway and threw a tire in their pool.
D) if he swam in his neighbour's pool with the owners' permission.
E) if he delivered a package to the owner at the poolside as instructed by the owner.

The result of the large tax cuts in the first Reagan Administration demonstrated very convincingly that Arthur Laffer was correct when he asserted that cuts in tax rates would increase tax revenue.

Most users vastly underestimate their ability to relay and comprehend e-mail messages accurately.

______ is the development of new or improved goods or services that are sold to meet customer needs, while ______ focuses on the enhancement and reuse of existing products and processes.

The characteristic that makes economic rent distinct from wages, interest, and profit is that it is

A) payment for a resource that is completely fixed in total supply.
B) always expressed in dollars, never in percent.
C) fixed by annual or monthly contracts.
D) makes the supply of the resource increase if its rent rises.

In Scenario 9-2, in judging this C, the net worth of the business will be determined. The value of the assets minus the value of the liabilities will provide the determination for ______.

A) Capacity
B) Capital
C) Collateral
D) Conditions

People strongly overestimate their skill in both communicating and interpreting sarcasm, humour, and emotions via

A) teleconference.
B) videoconference.
C) email.
D) chat formats.
E) face-to-face.

Which of the following is true of managers who are high self-monitors?

A) They interact with all employees in a similar way.
B) They are good at reading their employees' needs.
C) They pay less attention to situational factors.
D) They appear more predictable.

Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed: The amount of overhead applied to Job A496 is closest to: (Round your intermediate calculations to 2 decimal places.)

A) $1,256
B) $632
C) $944
D) $312