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Suppose you own and operate a coffee shop in your hometown. Each year, you receive revenue of $200,000 from coffee sales, and it costs you $100,000 to obtain your raw materials. In addition, you pay $20,000 for electricity, taxes, and other expenses per year. Instead of running the coffee shop, you could become an accountant and receive a yearly salary of $40,000. A clothing retailer, interested in expanding, has also offered to rent your shop space from you for $50,000 per year. How do you explain to your friends that despite making a profit, it is too costly for you to continue running your shop?
A major producer of passenger tires has launched an advertising campaign in which it is trying to market windshield wipers to the public under its brand name, which has been highly successful in the passenger tire market. Perform a SWOT analysis of t..
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,738 per year, paid at the beginning of each year, in which case maintenance is provide. Alternatively, she can buy a use..
q.the kentucky derby is held the first saturday in may at churchill downs in louisville kentucky. the race track is one
The total market value of production in an economy must equal total: Participants in our economy include:
Elucidate how much in revenues do businesses receive in the product marketplace.
Which of following arguments is president using to justify trade restriction on ball bearings.
Acme Semiconductoris expanding its facility and needs to add equipment. There are three process tools under consideration. You have been asked to perform an economic analysis to select the most appropriate tool to acquire. You have gathered the follo..
Where Q is the number of cuts per week and P is the price of a hair cut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the price hike will cause revenues to fall. Should Terry raise the pr..
q1. a father on the day his son is born wishes to determine what lump sum amount would have to be paid into an account
The rising middle class in China means millions more people are taking to the skies. There's a tsunami of retirement which is now under way in the airline industry. Chinese airlines have raised their pay offers to foreign pilots by up to 30% in the p..
Problem 1: David has $50 to spend on chocolate (X) and ice cream (Y). The price of chocolate, PX, is $5, and the price of ice cream, PY, is $8. His utility function for chocolate and ice cream is given by U = 2X1/4Y1/5.
An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.
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