In year 1 the CP is 140, and in year 2 the CPl is 154. From year to year 2, Marcy's salany ris from $43,000 to $48,000 and Daphne's salary rises rom $65,000 to $70,000 Who is more than keeping up with inflation?a) neither Marey nor Daphno b) both Marcy and Daphne c) macryd) daphno

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable