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1) Define accounting profit and economic profit. When total sales revenue is $120,000, total costs $63,000, and total implicit costs is $33,000. Please calculate accounting profit and economic profit.
2) Define fixed costs and variable costs. Show actual examples of each cost. In economics, we categorize such kinds of costs based on short-run and long-run variable and fixed costs. Why we should consider the time variable when the costs are categorized?
Write a fictional, first-person narrative account of the creation and consequences situations of a subordinate group (African American) in the United States in the form of a journal entry
If you were going to hire a new sales staff, which two selection methods would you choose? Why? Three popular interventions for enhancing worker satisfaction are job enrichment, job rotation, and role analysis. What is the difference between each one..
What changes would be brought about in the radioactive waste problem if all of the electric energy in the United States were produced by fusion reactors?
Based on the scenario and the knowledge gained from this section, address the following: Identify at least three effects on political ideologies that arise from the existence of only two major political parties in the U.S.
Why do companies that advertise their Corporate Social Responsibility policies so often face serious controversies anyway? Consider Apple. Identify an area in which Apple is regarded as responsible to a stakeholder. And in what context is Apple chall..
Technology and Social Justice Freeman Dyson expresses a deep optimism about humans' ability to use technological innovation to increase social justice
Hospitals are generally categorized as nonprofit, for-profit, or governmental. Identify at least one example of each from your community or state. What are the differences in populations served by these hospitals?
Which of the following is not true regarding Social Security?
Which of the following is FALSE regarding federal administrative agencies?
Which modernist figure argued that women who wanted to write needed above all an income independent of men and "a room of one's own?"
Give a brief explanation of one emerging issue and one future development related to cognitive assessment. Give any professional implications of these issues.
Suppose that we see a planet in out Solar System that we measure to have an orbital period of 18 years. We look at it with a telescope and see that it has a moon. From repeated observations, when the planet is near or at oppsition, we note that the o..
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