Explain the difference between an individual demand curve and a market demand curve.

an individual demand curve

a. relates the quantity of a good that a single consumer will buy to its price, while a market demand curve is all the individual demand curves multiplied together.

b. relates the quantity of a good that a single consumer will buy to its price, while a market demand curve relates the quantity of a good that all consumers in a market will buy to its price.

c. relates the quantity of a good that consumers in a market will buy at one particular price, while a market demand curve relates the quantity of a good that consumers in a market will buy at all prices.

d. both a and b are correct.

e. both b and c are correct.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

What is free trade? a. trade that is not subject to taxes or fees b. trade that governments do not interfere with c. trade with a high level of government regulation d. trade between states in the u.s. b

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable