If a bond pays 11.5 percent interest a year and a bank deposit pays 3.5 percent, the opportunity cost of holding the deposit is:

The above figure shows the U.S. market for flip-flops. With international trade, the United States imports ________ flip-flops

A) 400,000 B) 0 because the United States exports flip-flops C) 700,000 D) 300,000 E) 500,000

Firms should begin their pricing decisions by:

a. assessing total marginal cost of the product b. identifying the value drivers in each customer segment c. researching the market price of competitors d. none of the above