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A person managing a laundry for someone else for $30,000 per year decides for open his own laundry. Revenue during the first year of operation is $100,000 and the expenses are $3,000 for salaries, $10,000 for supplies, $8000 for rent, $2000 for utilities and $5000 for interest for a bank loan. calculate
(A) explicit cost
(B) Implicit Cost
(C) Accounting Profit
(D) Economics Profit
Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 11% and 14%, respectively. The beta of A is .8 while that of B is 1.5. The T-bill rate is currently 6%, while the expected rate of ..
Draw a graph of the aggregate production function with capital, K, on the horizontal axis. Why does it have the shape that you have drawn?
What special features does France have that put it top of the international arrivals table? What factors may account for the fact that France has more international tourist arrivals than the USA but lower receipts?
A firm uses a single plant with costs C = 160 + 16Q + .1Q 2 and faces the price equation-Find the firms profit maximizing price and quantity. What is its profit?
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate and which contract should the player accept, based on the concept of present valu..
Discuss its current status. If possible, current a separate graph for each indicator illustrating the historic trend for each.
Discussion Board also identify one decision that JTI managers must make in each of the six value chain functions for this product.
Explain four problems with the argument that trade protection is needed to protect American jobs. b) Describe the economic reasons why businesses use offshoring.
Provide an example of economic forces at work. Does this issue affect individual consumers or firms or the economy as a whole?
Microeconomics is considered to be the study of scarce resources. Elucidate the three trade-offs within a specific good/service within your local area.
Explain the changes in the supply and demand creating a supply and demand curve based on the above information. In this graph, be sure to demonstrate how these changes affected the price and quantity levels of supply and demand. Based on this anal..
Using the exchange rates and prices in the tables above:
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