Taobao, an Alibaba company, is a Chinese online shopping website similar to Amazon or eBay. When Alibaba goes public, Taobao shop owners will be able to sell their goods to customers in the U. S. and other countries. Taobao shop owners will be their goods to other countries. a. importing
b. licensing
c. exporting
d. countertrading

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting