If a firm is hiring a certain type of labor under purely competitive conditions: a. the labor supply and marginal labor (resource) cost curves will coincide and be upsloping.
b. the labor supply and marginal labor (resource) cost curves will coincide and be perfectly elastic.
c. its labor demand curve will be perfectly elastic at the market-determined wage rate.
d. the labor supply curve will lie above the marginal labor cost curve.

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is