For production to be at the ________ level of output, marginal benefit must equal social cost.

A) profit-maximizing
B) loss-minimizing
C) shut-down
D) efficient

Which of the following is not an example of a sociocultural impediment to economic growth?

A) tribal allegiances that take precedence over national unity
B) religious beliefs and practices that severely limit economic activity
C) migration of labor resources from agricultural to urban areas
D) a system for allocating jobs based on caste or tradition

Regardless of the objective of an advertising campaign, each campaign's objectives must be

A) sincere and emotional.
B) consistent with those of the available media.
C) either informative or persuasive but not both.
D) specific and measurable.
E) designed for use in both a pull and a push strategy.

If a donut shop runs a special and sells a dozen donuts for $3.00, Tarik buys a dozen donuts each week. If donuts are not on special and the price is $6.00 per dozen, Tarik buys no donuts each week. Which of the following is true?

A) Tarik's demand for donuts is inelastic.
B) Tarik's utility from a dozen donuts is less than $3.00.
C) The value of Tarik's utility from a dozen donuts is at least $3.00 and less than $6.00.
D) Tarik's utility from a dozen donuts is greater than $6.00.

The local park district needs to upgrade the computers in the seven park offices. This represents the product specification stage of the B2B buying process.

The Hogan's,a family restaurant,uses a system of points to manage the behavior of the wait staff.Each member of the wait staff has a running total of points that can be added to or subtracted from based on their behaviors.When an employee reaches 200 points,a bonus is received.If points ever become negative,employees are reprimanded or even fired.For the employees at The Hogan's,points would be best characterized as:

A) aversive events
B) a type of vicarious learning
C) primary reinforcers
D) secondary reinforcers

A product sells for $30 per unit and has variable costs of $18 per unit.The fixed costs are $720,000.If the variable costs per unit were to decrease to $15 per unit,fixed costs increase to $900,000,and the selling price does not change,break-even point in units would:

A) Increase by 20,000.
B) Equal 6,000.
C) Increase by 6,000.
D) Decrease by 20,000.
E) Not change.

Goods that have been entrusted to a merchant may be sold by that merchant even when the merchant has been told not to sell the goods, and when a merchant sells such goods to a buyer in the ordinary course of business, that buyer has title that is superior to the title of the original owner who entrusted them to the merchant.