If the price of a good rises by 10% and the percentage increase in the total amount consumers spend on the good is 15%, then the good is

Jose works at Intel. His manager tells him what work needs to be completed each month. Jose's resource, labor, is allocated with which of the following methods?

A) command B) majority rule C) force D) personal characteristics E) lottery

A business owner makes 50 items a day. Each day he/she contributes 8 hours to produce those items. If hired, elsewhere he/she could have earned $10 an hour. The item sells for $10 each. Production does not stop during weekends. If the explicit costs total $10,00 . for 30 days, the accounting profit for the month equals:

a. $1,760 b. $2,240 c. $11,760 d. $5,000