Homer changes jobs and his new job pays him a higher income. Before he changed jobs, Homer purchased 3 pounds of tuna and 2 pounds of chicken. After he changed jobs, Homer now purchases 2 pounds of tuna and 3 pounds of chicken. For Homer,

When the price of a movie ticket increases from $5 to $7, the quantity of tickets demanded decreases from 600 to 400 a day. What is the absolute value of the price elasticity of demand for movie tickets?

Refining gasoline for our cars requires a very specialized resource, crude oil. As a result, the

The principal-agent problem is the issue of inducing

The condensed income statement for a business for the past year is presented as follows: Products: F G H Total Sales $300,000 $220,000 $340,000 $860,000 Less variable costs 180,000 190,000 220,000 590,000 Contribution margin $120,000 $  30,000 $120,000 $270,000 Less fixed costs 50,000 50,000 40,000 140,000 Income (loss) operations $70,000 $(20,000) $80,000 $130,000   Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G?

(F) What is the total cost of Job 201?   (No “$” or “,” in your answer)

A business received an offer from an exporter for 5,000 units of product at $8 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available:   Domestic unit sales price $12 Unit manufacturing costs:        Variable 9      Fixed 1 What is the amount of gain or loss from acceptance of the offer?

What is the name of a group of general education classes you take at a college that exposes you to a number of broad areas of study — natural sciences, communication, technology, math, languages, humanities, and social and behavioral sciences?

(f) What are the total fixed costs at 100,000 units?   (No “$” or “,” in your answer)

Which of the following is a key expectation institutions of higher education have for their students?