Arecent study found that an increase in the federal tax on beer (and thus an increase in the price of beer would reduce the demand for marijuana. we can conclude that: . beer and marijuana are substitute goods. b. beer and marijuana are complementary goods. c. beer is an inferior good. d. marijuana is an inferior good.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?