In a general equilibrium a. supply equals demand for all goods and markets only in the persent time as we don’t know what happens in the future. b. prices are exogenous because the wage rate is fixed by unions. c. supply equals demand for the goods market but not for the labor market because the model needs to take into account that unemployment exists in the real world. d. supply equals demand for all goods and markets in all periods.

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

Prairie, inc. produces one single product. it has an annual capacity of 10,000 units, but currently uses only 80% of it. each unit is sold for $50 and requires direct material worth $30 and direct labor worth $5. manufacturing overhead cost is $10 per unit of which 70% is variable. should a special order to sell 1,000 units at $44 be accepted? yes no

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.