Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
John passes up an offer for a job paying $50,000 a year and, instead, starts his own business. His new business brings in $160,000 in sales during the first year, and his total costs for items such as materials, labor, equipment, shipping, and insurance come to $65,000. John's “accounting” profit and economic profit during the first year are, respectively:
a. $50,000, and $45,000.
b. $110,000, and $95,000.
c. $95,000, and $50,000.
d. $95,000, and $45,000.
e. None of the above is correct
A firm manufactures widgets according to the production function Q = 8L3/4 K1/4, where Q is the number of skis made, K is the amount of capital, and L is the amount of labor employed. The firm is currently producing Q = 120 using L = 15 and K = 15. S..
Reducing healthcare spending in the U.S. by 20% is likely to result in a
The aggregate supply curve shifts is
Under perfect competition, at the profit maximizing level of output:
Using the data from above: As price decreases from $1.00 to $0.70, demand is (elastic, inelastic, unit-elastic) ______________ and total revenue (increases, decreases, remains the same) ______________. As price decreases from $0.70 to $0.60, demand i..
Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run.
Describe the supply and demand shifts that are occuring. What would happen to the demand curve if the major taxi companies lowered their rates.
The Department of Justice concluded that satellite radio is not a market in and of itself while reviewing XM and Sirius merger. What other kinds of competitors did the DOJ include in the market? Discuss. To whatever extent you find the paternalistic ..
A firm purchased some equipment at a very favourable price of $30,000. The equipment reduced costs by $1000 per year during 8 years of use. After 8 years, the equipment was sold for $40,000. Assuming interest at 9%, did the equipment purchase prove t..
Demonstrate/discuss your theoretical understanding of the characteristics of monopoly and oligopoly, also apply your understanding to provide examples of each of these two market structures. What is the distinguishing feature of a monopoly? How does ..
Assume for this project that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
Suppose the economy is producing at its potential output. Now suppose that consumers and businesses become more pessimistic about the economic outlook. As a result, in the short run
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd