Jeff sells the New York Times Sunday newspaper at a city corner near several churches. He sells each newspaper for $6.50 after purchasing them for $4.00. Any unsold newspaper can be returned to the New York Times for a $0.75 credit
Jeff expects demand on Sunday to be 75, 100, 125, or 150 newspapers and would like to order one of these four quantities from the New York Times. If Jeff orders 150 papers from the New York Times and the Sunday demand is for 100 papers, profit will be _________.A) –$56.00
B) $87.50
C) $250.00
D) $312.50
B
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Which of the following firms should concentrate its production in a centralized location?
A. Jupiter Inc. operates in an industry where the fixed costs are high and services of supporting industries are of prime importance. B. Star Goal Inc. manufactures consumer products like processed food, apparel, and cosmetics for which national differences in consumer taste and preference are wide. C. Uranious Inc. operates in an economy where volatile fluctuations in exchange rates are frequently expected. D. Earth Ventures Inc. is a mining company that exports iron ore—a product with low value-to-weight ratio—to various countries. E. Silver Times Inc. customizes heavy machines without the use of flexible manufacturing technologies.
In the early stages of the banking crisis in the 1980s, financial institutions were especially harmed by
A) declining interest rates from late 1979 until 1981. B) the severe recession in 1981-82. C) the disinflation from mid-1980 to early 1983. D) all of the above.