Which of the following is the midpoint of a series of numbers,with equal number of items above and below that number?

A) Median
B) Correlation
C) Mode
D) Causation
E) Mean

The Jung Corporation's production budget calls for the following number of units to be produced each quarter for next year:Budgeted production Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30% of that quarter's direct material requirements. Budgeted direct materials purchases for the third quarter would be:

A) 114,600 pounds
B) 89,400 pounds
C) 38,200 pounds
D) 29,800 pounds

When the government sells something it produces,_____.

A) revenue received must be greater than cost to justify government production
B) revenue received must equal cost because government is a nonprofit organization
C) the price does not always reflect the cost of producing the good
D) the price charged is an accurate measure of the benefits generated
E) it prices the good the same way a natural monopolist would

The responsibility for monetary policy in the United States lies with

A) the president.
B) the presidents of the Federal Reserve Banks.
C) the chairman of the Board of Governors of the Federal Reserve System.
D) the Board of Governors of the Federal Reserve System.
E) both the president and the chairman of the Federal Reserve Board of Governors.

In practice,no end-of-period accrual is typically made for future returns and allowances.

A large private high school is in the midst of a union organizing campaign. Teachers, clerical employees, janitorial employees and groundskeepers are all showing high interest in the union. Which is the most likely composition of the bargaining unit(s) ?

A) All school employees will be in one bargaining unit.
B) There will be two units: one for professional employees and one for all other employees.
C) There will be two units: inside employees will be in one unit, with outside employees in another.
D) There will be three units: teachers will be in one unit, clerical employees in another, and all other employees in a third.
E) There will be two units: persons with a high school education or less in one unit and persons with bachelor's degrees or more education will be in the other unit.

At break-even point a company sells 1200 widgets. Its selling price is $6 per widget variable cost is $2 per widget and its fixed cost is $4 per widget.
Instructions
If it sells 200 additional widgets determine the company's incremental profit.

A local retailer has decided to carry a well-known brand of shampoo. The marketing department tells them that the quarterly demand by an average man is: Qd = 3 - 0.25P
And the quarterly demand by an average woman is:
Qd = 4 - 0.5P
The market consists of 10,000 men and 10,000 women. How may bottles of shampoo can they expect to sell if they charge $6 per bottle?

A) 20,000
B) 33,000
C) 25,000
D) 10,000
E) none of the above