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Monica quit her $50,000 per year job, purchased a building that was previously rented by the operator of a candy store for $1,500 per month, and used the space to breed and sell tropical fish. In her first year she made a business profit of $60,000. What was her economic profit?

As the economy emerged from the most recent recession, household income rose by 6%. Over the same period, total expenditures on beef increased by 3%. Assuming that all other economic variables were held constant, Which of the following would be referred to as "outsourcing"?

Which of the following is a question that is uniquely relevant to the subject of business ethics?

Of the following types of costs, which is most likely a fixed cost for a shoe manufacturer?

Mr. D’s Barbeque of Pickwick, TN produces 10,000 dry­rubbed rib slabs per year. Annually Mr. D’s fixed costs are 50,000. The average variable cost per slab is a constant $2. The average total cost per slab then is Which of the following is not a qualitative forecasting technique?

If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will