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A seafood restaurant in a beach resort town has a fixed (unavoidable) cost of $1,000 per month and variable (avoidable) costs of another $1,000 per month. Its total revenues over the six warm months amount to $17,000, so that its profit for this period is $5,000. Its total revenues over the other six cold months are only $7,000, however, so that it loses $5,000 over those months, and just breaks even over the year as a whole. Wouldn't the restaurant do better by staying closed out of season? Explain your answer.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
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.
The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.
Derive an expression for average cost. Derive an expression for marginal costs.
What is the impact of a tax cut in an economy operating under a fixed exchange rate regime on household spending, interest rates.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
The review should consist of a summary of the main arguments of the article also an evaluation of the strengths also weaknesses of the article.
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
Report demand graphic as well as independent variables that are relevant to absolute a demand analysis providing a rationale for the selection of the variables.
Illustrate what trends did Nokia pursue as it designed mobile phone products in the late 1990's.
What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised.
change if buyers pay $8 every unit to the intermediary but sellers offer to rebate part of that expense to buyers.
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