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Q. A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place. Her revenue during the first year of operation is $120,000.00 and her expenses are as follows:
Salaries to hired help 45,000.00Supplies 15,000.00Rent 10,000.00Utilities 1,000.00Interest on Bank Loan 10,000.00
Calculate
(a) the explicit costs, (b) the implicit costs, (c) the business profit, (d) the economic profit, and (e) the normal return on investment in this business.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit.
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
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