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Edward the entrepreneur takes 2 hours to cut a lawn and he cuts 100lawns per year. He uses solar-powered equipment (truck and mower) that will last foreverlong dashand could be sold at any time for $20,000. Edward could earn $20per hour as a pedicurist. The interest rate is 10 percent.
Given his current output level, his marginal cost is $40 (enter your response to the nearest dollar) and his average cost is $ (enter your response to the nearest dollar
Can you assist with "his average cost" I thought it was 42 but that was incorrect is
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
What is today's leading language in the business world? many would argue that english is now universal but Manderan is the most powerful language in business.
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium
A representative company with long-run total cost given by TC = 2,000 + 20q + 5q2 operates in a competitive industry where market demand is given by QD = 10,000 - 40P.
Explain the law of diminishing marginal utility.
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
Explain how regression analysis may be used to estimate demand functions, and how to interpret and use the output of a regression.
If the demand schedule may be written P = 100 - 4Q, and the supply schedule P = 40 + 2Q, then what is the market clearing price and quantity?
Two bonds are available for purchase in the financial markets. The first bond is a two-year, $1,000 bond that pays an annual coupon of 10 percent. The second bond is a two-year, $1,000 zero-coupon bond.
1. the information below describes the real gdp per capita for the country of utopia for the period of 1975 to
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