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Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost arising from the physical inputs Marcella required to operate her business. Which is it?
a) physical space for the gallery
b) wages paid to three part-time employees
c) accountants fees for preparing tax returns
d) costs of purchasing art work to sell in the gallery
What present expenditure is warranted for business that is expected to produce a savings of $8000 per year that will decrease by $800 per year for nine years with an interest rate of 10%? Draw a cash flow diagram that depicts the situation as well..
Markets tend NOT to generate a socially desirable outcome when:
What is the price of an hour of leisure? An hour of nonmarket work? What does it mean to say that leisure is a normal good? Why doesn't the market supply curve for labor bend backward?
Suppose that the opportunity-cost ratio for watches and cheese is 1C ? 1W in Switzerland but 1C ? 4W in Japan. At which of the following international exchange ratios (terms of trade) will Switzerland and Japan be willing to specialize and engage in ..
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
Consider Solow's model when the production function is Y = 1000K0.3 L0.7 . The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate. Suppose this economy was in its steady state when unexpectedly Total Facto..
use the information on newell rubbermaid shown here to answer the questions below. show work.current stock price
q1. assume demand take the form q 36p-1.a. show that the price elasticity of demand is constant and equal to -1.b.
what is meant by the minimum cash reserve requirements referred to in this clip? b) what terminology do economics use to refer to the process described in this clip?
Illustrate what was the value of the government expenditure multiplier. What was the value of the tax multiplier.
Some say which we should propose an amendment to the U.S. Constitution which would need a balancing the federal budget
A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
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