Melanie and Oli are competing Pacific halibut fishers.Both have been allocated ITQs that limit their catch to 1,000 tons of Pacific halibut each.Melanie's cost per ton is $20;Oli's cost per ton is $28. Refer to the information given.If the market price of Pacific halibut is $40 per ton,and Melanie and Oli both catch their quota,their combined profit will be:

A) $12,000.
B) $22,000.
C) $25,000.
D) $32,000.

Community attitudes, zoning restrictions, and quality of labour force are likely to be considered in which of the following location decision methods?

A) transportation method
B) locational break-even analysis
C) centre-of-gravity method
D) simulation
E) factor-rating method

A contract induced by threatening to bring a civil suit against an individual is prohibited:

A) if the threat is an abuse of process.
B) if the suit is to recover a debt, whether the debt is valid or in controversy.
C) under no circumstances.
D) under any circumstances.

In the context of various leadership styles, musicians in large orchestras can most likely expect a(n) :

A) free-rein leadership style.
B) autocratic leadership style.
C) consultative leadership style.
D) participative leadership style.

__________ coordination methods are often refinements and extensions of process controls with an emphasis on formalization and standardization.

A) Personal
B) Institutional
C) Impersonal
D) Statutory
E) Authoritative

The existence of absolute advantage

A) implies that there will be no benefits from trade taking place between two nations.
B) refers to a situation where one country can produce one particular good with fewer units of resources than the other country.
C) fosters the self-sufficiency of the two nations.
D) refers to a situation in which one country can produce all goods with fewer units of resources than can another country.