User Account

All Pages

Referring to economic profits

Assignment Help Business Management
Reference no: EM131237513

Farmer Fitzgerald was heard saying "My farm is profitable, but I can't afford to stay in business any longer. I am going to sell the farm and teach at the local TAFE College.' In what sense is farmer Fitzgerald using the word profitable here? Why do you think his sentiment would be unconvincing if he is referring to economic profits?

Reference no: EM131237513

Questions Cloud

Illustrate the income and substitution effects : David purchases two goods: bananas (x) and tea (y). Her indifference curves are smooth and convex. Suppose the price of tea decreases. On a graph, illustrate the income and substitution effects of the price change on Diana's optimal consumption bu..
Distinguish between scalar and vector quantities : Distinguish between scalar and vector quantities. Distinguish between distance and displacement. How are these quantities associated with speed and velocity? How is average speed analogous to an average class grade?
What is the boundary condition for the differential equation : By substituting into the Black-Scholes-Merton partial differential equation, derive an ordinary differential equation satisfied by h(t, T).
Temporary increase in government purchases-say : Economists often argue that a temporary increase in government purchases-say, for military purposes-will crowd out private investment. Use the saving-investment diagram to illustrate this point, explaining why the curve(s) shift.
Referring to economic profits : Farmer Fitzgerald was heard saying "My farm is profitable, but I can't afford to stay in business any longer. I am going to sell the farm and teach at the local TAFE College.'
How are position and motion related : What area of physics involves the study of objects moving at relatively low speeds? What is necessary to designate the position of an object? How are position and motion related?
Did this car exceed the 25 mi/h speed limit : Is the following statement reasonable? (Justify your answer.) The area of a dorm room is 49 m2. A car traveled through a school zone at a speed of 38 km/h. Did this car exceed the 25 mi/h speed limit?
What is the price of a european call option : What is the price of a European call option on a non-dividend-paying stock when the stock price is $52, the strike price is $50, the risk-free interest rate is 12% per annum, the volatility is 30% per annum, and the time to maturity is 3 months?
Depicts the history of the safety professional : Prepare a PowerPoint presentation consisting of eight slides (not counting the title and reference slides) that depicts the history of the safety professional (then and now) and the prevailing theories of accident causation.

Reviews

Write a Review

Business Management Questions & Answers

  Determine the best for a cost standpoint

A manager is planning to decide whether to buy a certain part or to have it manufactured internally. Internal production could use either of two processes.

  How new technologies can provide decision-making support

What are some of the key benefits of the forecasting model in the ECO system implemented by CSAV? Describe how new technologies can provide decision-making support.

  Possibility of changing environmental regulations

The main threat to this new service is the possibility of changing environmental regulations that affect A/C service repairs only. These new regulations will cost $45 per customer. The franchise estimates the probability that the new environmental..

  Case study is on the basis of a work scenario

Case Study is on the basis of a work scenario

  Thinking ethically who gains from employee developmentwhen

thinking ethically who gains from employee development?when derek christian wanted to run his own business he bought a

  What are some ways that hazel could increase productivity

Hazel is thinking about the purchase of new equipment. One would be power sidewalk edgers. She believes edger's will lead to an increase in productivity. Another would be a chain saw, which would be used for tree pruning. What trade-offs should sh..

  Ethical issues-effect the operational activities of business

1.1 Explain the background and development of theoretical ethical approach. 1.2 Compare and contrast ( absolute and relative) 1.3 Explain the ethical issues which can effect the operational activities of business

  Operations tools to aid in decision-making

One or more significant operations management initiatives and what benefits are already being realized?

  The distinctiveness of the organization

An organization that you know relatively well and attempt to construct a mission statement in light of the components of missions discussed in this chapter. What components did you choose to emphasize in the statement? Why? What component do you thin..

  Benefits involved in event for leadership experience

Brief explanation of what the benefits are from getting involved in such an event for leadership experience and why you chose this particular experience.

  A sustainable prosperity in a relentlessly competitive

An organization you uncover in your research that have used virtual teams to support business growth and success in addition to any listed in your Reading (as discussed in Chapter 7 of Business Agility: A Sustainable Prosperity in a Relentlessly Comp..

  Expalin what are possible reasons for outliers and possible

expalin what are possible reasons for outliers and possible solutionsa researcher is measuring production levels in

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd