As pollution emission levels increase, the marginal social benefit of pollution

A) increases.
B) decreases.
C) does not change.
D) becomes infinite.

If one firm left a duopoly market where the firms did not cooperate then

A) price and quantity would rise.
B) price would rise and quantity would fall.
C) quantity would rise and price would fall.
D) quantity and price would fall.

Quebec is the only province in Canada to have mandatory training laws for companies with net profits greater than $1 million.

An individual with an original issue discount (OID) instrument must report annually a portion of the OID as:

A) Interest income.
B) Qualified dividend income.
C) Capital gains.
D) Miscellaneous income.

Smith's of Dallas agreed to buy $10,000 worth of dresses F.O.B. Dallas from Magnifique Manufacturing Co. in New York for their October 1 Fall Showing. The cost of shipping the dresses is $300. In New York, Magnifique dresses were the rage, but the boom had not yet reached Dallas. By September 15, Smith's realized that the shop could not afford all of these dresses and called Magnifique to cancel the contract before the goods were shipped. On September 15, the market price for the dresses in New York was $9,000 and in Dallas, $5,000. On October 1, the market price had risen to $9,500 in New York and to $7,000 in Dallas. What may Magnifique do? What damages may be sought from Smith's?

Which of the following best describes costs assigned to the product under the absorption costing method?
Direct labor (DL)
Direct materials (DM)
Variable selling and administrative (VSA)
Variable manufacturing overhead (VOH)
Fixed selling and administrative (FSA)
Fixed manufacturing overhead (FOH)

A) DL,DM,VSA,and VOH.
B) DL,DM,and VOH.
C) DL,DM,VOH,and FOH.
D) DL and DM.
E) DL,DM,FSA,and FOH.