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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
what effect should each of the following have on the demand for gasoline in a competitive market? state what happens
Assume that the following data characterize the hypothetical economy of Trance: money supply = $180 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, i..
Suppose that there are only three types of fruit sold in the United States. Annual sales are 1 million tons of blueberries, 5 million tons of strawberries, and 10 million tons of bananas.
Increase in both labor and capital productivity will result in:
1. There are only two polluting sources in the region, each of which generates 10 units of pollution for a total of 20 units released into the environment. The government determines that emissions must be reduced by 10 units across the region to achi..
How can data provide information to evaluate quality patient outcomes? Give an example of data which can reflect poor quality in care. How can quality improvement be a daily task in patient care? Why does continuous quality improvement need to ..
The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to become a millionaire by the end ..
imagine that you have been hired as a consultant for a university that wants to leverage social media and networking
part 1 special characteristics of purely competitive firms1. how does the investment banks industry fit into the
Is there efficiency in production?
1. For this problem assume that the economy is initially at potential. Inflation is 3% and the real interest rate is equal to the marginal product of capital, which is 4%. As well, when the economy is at potential unemployment is 5%. Final..
discuss the following questions with your colleagues. independent research will be necessary and be sure and provide
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