If a company wants an employee to average about $14.00 per hour to produce 60 units per hour, in addition to a base salary of $7.00 per hour, what should be the incentive rate per hour?

According to one theory, advertising sends a signal to consumers about the quality of the product being offered. An implication of this theory is that

a. the actual quality of the product is irrelevant. b. the content of the advertisement is irrelevant. c. advertising is not in the best interest of society. d. it is irrational for firms to pay famous people large amounts of money to appear in their advertisements.

If the exchange rate between the U.S. dollar and the Japanese yen is $1 = 200 yen, then the dollar price of yen is

A. $.005. B. $.05. C. $.50. D. $5.