Which of the following statements about economic policy are FALSE? A. Economic policy is used to ensure all businesses are
following regulations.
B. Economic policy helps to control the level of inflation,
C. Economic policy is used to avoid depressions,
D. Economic policy helps manage the level of unemployment.

Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from –2 to –3 (i.e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?

The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. the production order quantity for this problem is approximately:

Which of the statements is true about the values recorded in the balance sheet of a firm?