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The accountants hired by Ohman Shoe Company have calculated fixed costs to equal $30,000, variable cost to equal $100,000, and total revenue to equal $110,000. Because of this information, Ohman Shoe Company decides
A. to exit the industry.
B. to shut down.
C. decides to stay open because shutting down would be more expensive.
D. decides to stay open because they are making an economic profit.
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs.
The third largest city of a country has a population of 12.5 million.
Some economists argue that it is possible to raise the standard of living by reducing population growth.
Elucidate how can you derive an equation describing labor demand in this economy as a function of the real wage also capital stock.
Mike borrowed $20,000 from a credit union to buy a car at 8.5% interest per year compounded monthly for 60 months. The monthly payment for Mike is equal to _______________?
suppose the quantity of good x demanded by individual 1 is given by x1 10 ?? 2px 001i1 04py and the quantity of x
What is dual cut off method of the multidimensional poverty index? Based on the three case studies of ' portfolio of the poor' (2009) did you find any poor of Bangladesh, India and South Africa who suffer from any dimension of poverty? if yes, explai..
If the Federal Reserve intervenes in the foreign-exchange markets by selling foreign currencies
In "Final Jeopardy" (pp. 234-242), Stephen Baker expresses an interesting look at the way technology, especially in terms of machines, could dramatically change the relationship between mankind and technology—not just helping us to locate information..
How long will it take for Avataria with a growth rate of 6% to triple its income? What about Twilightia with a growth rate of 18%? Will it be correct to say that Twilightia will triple its income 3 times faster than Avataria? If no, then what is t..
Suppose you discover that average fixed costs are $2 and average variable costs are $7. Indicate what the firm should do.
For a competitive market-a seller can always increase her profit by raising the price of her product. if a seller charges more than the going price, buyers will go elsewhere to make their purchases.
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