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Problem: BASIC REVENUE AND COST RELATIONSHIPS
When analyzing why firms exist, one must evaluate not just the revenue side of the business but the cost side as well. Research and distinguish between revenue and cost functions of a business.
1. Explain and summarize the difference between accounting profit and economic profit.
2. Interpret the notion of normal rate of return and the term opportunity cost.
Directions to student: The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response. You will be writing three or more discussion posts.
Your main post must be two to three substantive paragraphs 150-200 total words and include at least two APA-formatted citations/references.
Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations.
Prepare a 2 in half page paper using APA format discussing problem 1 in the "Problems to Ponder" at the end of chapter 11. Which of these four scenarios are most important today? Your answer may include more than one scenario.
Meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.
Federal tax and expenditure programs:
Compute the percentage change n nominal GDP, real GDP, and the GDP deflator n 2009 and 2010 from the percentage year. For each year, identify the variable that does not change?
Assume a certain firm in a competitive market is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit.
if rd 240 - 30 iff given the information above what is the market clearing federal funds rate? assume that this is
The marketing manager claims that this new approach would increase unit sales by 50% without any change in selling price; the company's new monthly fixed expenses would be $240,000; and its net operating income would increase by 25%. Compute the b..
a number of strategies have been put in place to reduce alcohol-related harm by reducing the average consumption of
suppose that there are two countries x and y that differ in both their rates of investment and their population growth
1.explain how the electoral college works the situations in which it has produced controversial results and the
An Internet service provider (ISP) is contemplating an investment of $50,000 in new computer servers and related hardware.
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