Peter spends all of his income on two goods: tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The opportunity cost of one taco equals ________ milkshakes.

In the short run the stock of machines and buildings is ______________, but in the long run it is _______________, with the result that the price elasticity of supply tends to be _____________ in the long run.

Aaron and Ed are roommates. After a big snowstorm, their driveway needs to be shoveled. Each person has to decide whether to take part in shoveling the driveway. At the end of the day, either the driveway will be shoveled (if one or both roommates take part in shoveling), or it will remain unshoveled (if neither roommate shovels). With happiness measured on a scale of 1 (very unhappy) to 10 (very happy), the possible outcomes are as follows: In pursuing his own self-interest, Aaron will

Franz, the automobile designer of Tesla, inc. has asked his boss for a pay raise. His boss is in favor of the rise, expecting that if he increases Andre’s salary, Andre might be able to increase his working time. In other words, Andre’s boss is assuming that leisure is a normal good for Franz and that his:

By how much does Lola’s profit change when she can price-discriminate? ____________

Zhang Industries budgets production of 300 units in June and 310 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $14 per hour. The indirect labor rate is $21.00 per hour. Compute the budgeted direct labor cost for July.

Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of operating income for 20,000 units would be:

A plan that shows the expected cash inflows and cash outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans, is called a(n):

Which of the following is NOT one of Karl Marx’s four types of alienation?

Annie enrolls in a local community college so she can one day become an engineer. Annie is about to become a member of a: