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Joe quits his computer programming job, where he was earning a salary of $50,000year, to start his own computer software business in a building that he owns and was previously renting out for $24,000/year. In his first year of business he has the following expenses: salary to himself, $40,000; rent, $0; other expenses, $25,000.
Find the accounting cost and economic cost associated with Joe's computer software business.
If a city government implements the living wage concept as a basis for paying its employees should it use the same minimum for all workers, or should workers with larger families receeive more? what would be the pros and cons of each approach?
What are the characteristics of an oligopoly? Using the concept of duopoly and the price leadership model, discuss demand and pricing strategies in an oligopolistic market structure.
Typically the government: Inflation caused by people’s expectations of inflation is called self-fulfilling inflation. The _____ the unemployment rate and the _____ the rate of inflation, the higher the misery index. If the nominal rate of interest i..
How would you Measure the Well-Being of a Person? How would you measure the Well-Being of a Nation? Would you be better off if I gave you money?
To assess a firm's demand for capital we must determine the present value of marginal revenue products and marginal factor costs of capital. A firm maximizes profit in the hiring of capital when the MRP of capital is greater than the MFC of capital. ..
What is the value of consumer surplus? What is the value of the deadweight loss created by this monopoly?
In your paper include a discussion of the opposing position along with your rebuttal (of that opposing position). For instance, if you decided to write a paper explaining that people should be allowed to vote using the internet, then the opposition w..
Inflation may fall without a significant increase in unemployment if
If the U.S. dollar fell sharply in value and the U.S. could no longer pay its depts to foreigners, how could the IMF be of help? In what way could the IMF have been of help prior to the occurrence of these problems? How does herding behavior and self..
Explain how concentration ratios are calculated. Determine the concentration ratios in the market. Explain how the Herfindahl-Hirschmann index is constructed. Determine the Hefindahl-Hirschmann index for that industry.
q.in 1958 the first pizza hut opened its doors back. it offered consumers one style of pizza its original thin crust
The elasticity of variable G with respect to variable S is defined as:
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