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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
q.1. as per concepts of production function indicate whether each of the following statements is true or false.
In order to just break even, Elucidate how much will the company have to charge for every set.
The bank you are going to get the mortgage from uses a 28% qualifying rate. How much will you need to put down in order to buy this house?
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
Illustrate what real world factors may affect the stability of our banking system also Illustrate what might Americans do to better understand the importance of this banking sector.
Also identify and discuss the flows that are created when Government enters the circular flow.
learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself
how will the quantity of aggregate output supplied respond to the fall in prices. Illustrate what will happen when firms and workers renegotiate their wages.
In uncertain times, especially when the economy is experiencing a downturn, consumer spending tends to decline also savings rates tend to rise
q.a decade ago five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
AMS recently instituted an in-house reprocessing program. The profits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS's leadership in this area.
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm’s equilibrium quantity is 50. EXPLAIN what happens in the short-run if coust..
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