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Suppose that I could sell 100 zercs over the next week for five dollars each. Two to produce this many I need $100 worth of wood, $50 worth of pliers steak and $30 worth of other material. I also need to hire two workers and pay them $75 each, And I need to be working at the factory each day as well. I would need to lease a zerc making machine from Home Depot for $80 per week. Doing that week I could work for a company for $70 another company for $90 or a third company for $110. If I asked my accountant to compute my profits for the week he tell me A: $. If I asked my economist to compute my profits he tell me B: $. How much accounting profit what I have to make earn a normal rate of return C: $
Using the Expenditure approach, GDP can be divided into 4 categories, Consumption, Investment, Government, and Net Exports. In the United States, Consumption makes up about 70% of the total. When the economy of the country goes into recession, the Co..
Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabilit
Which of the following leads to an under allocation of resources to a specific economic activity?
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are made into a fund that pays interest at a rate of 8% compounded annually. Determine the amount in the fund immediately after the fifth deposit.
To many upscale homeowners, no other flooring offers the warmth, beauty, and value of wood. New technology in stains and finishes call for regular cleaning that takes little more than sweeping and/or vacuuming, with occasional use of a professional w..
Four political candidates are deciding whether or not to enter a race for an elected office where the decision depends on who else is throwing his or her hat into the ring. Candidate D prefers not to enter if either candidate B and/or C are expected ..
For what type of goods does law of one price hold quite well. Since PPP rarely holds at any point in time, is re any substantive meaning to terms overvalued or undervalued currency.
Explain fully how a tax or subsidy affects the market. Explain how higher taxes do not necessarily raise more revenue as demonstrated by the Laffer curve.
A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.
In 2010, The Fed reduce the Discount rate by eleven times, to 1.50%, the reason for this action was to:
According to the rational choice model, cash grants are preferred to food stamps because
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