A small nation of 10 people idolizes the TV show The Voice. All they produce and consume are karaoke machines and CDs, in the following amounts: Karaoke Machines CDs Quantity Price Quantity Price (Dollars) (Dollars) 2017 20 50 60 5 2018 21 70 80 6 Using a method similar to that used to calculate the consumer price index, the percentage change in the overall price level is . (Note: Use 2017 as the base year, and fix the basket at 2 karaoke machine and 6 CDs.) Using a method similar to that used to calculate the GDP deflator, the percentage change of the overall price level is . (Note: Again, use 2017 as the base year.) Which of the following statements is correct

Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Bruce works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. With this policy in place, if Bruce works 600 hours, his income will be

Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 19,962 $39,924 August 35,488 53,232 September 39,924 60,995 October 24,398 42,142 November 44,360 82,620 December 42,142 68,758 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ Compute the fixed cost elements using the high-low method. Fixed costs $

During 2019, Ocean Consulting had the following transactions with it clients (customers): On February 1, 2019, the company received cash of $5,500 from clients in payment of their account balances as of December 31, 2018. On November 1, 2019, the company received $2,500 cash as payments in advance for services to be performed in 2020. The company received a total of $15,500 in cash for services that were performed during 2019. The company sent bills totaling $4,500 to clients for services performed during 2019; this amount was unpaid as December 31, 2019.As a result of these transactions during 2019, the firm's stockholders' equity will:__________

Compared to a perfectly competitive firm, a monopolist____________.A. will, according to Schumpeter, invest fewer resources in research and development.
B. is less likely to face government regulation.
C. is less likely to advertise.
D. usually produces an inefficiently small level of output.

The Business Ethics provides several models and frameworks for a business approach to the environment and sustainability including;accelerate and innovate
monetize and count
express corporate responsibility
Using the perspective of a business owner of a mid-size manufacturer, select the approach/approaches you would recommend for this company (mid-size manufacturer). Support the selection by explaining the approach, describing which of the five (5) environmental positions you espouse, and how the approach and positions relate to key ethical theories we have studied?
1. The environment shouldn’t be protected.
2. The environment should be protected in the name of serving human welfare.
3. The environment should be protected in the name of serving future generations’ welfare.
4. The environment should be protected in the name of serving animal welfare.
5. The environment should be protected for its own sake.

Consider the production function Q = f(L,K) = 10KL / K+L. The marginal products of labor and capital for this function are given by? MPL = 10K^2 / (K +L)^2, MPK = 10L^2 / (K +L)^2.
(a) In the short run, assume that capital is fixed at K = 4. What is the production function for the firm (quantity as a function of labor only)? What are the average and marginal products of labor? Draw APL and MPL on one graph.
(b) What is the marginal rate of technical substitution for this technology?
(c) Are the returns to scale of this production function increasing, decreasing or constant? Explain.