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Q1. Megan used to work at the local pizzeria for $15,000 per year but quit in order to start her own deli. To buy the necessary equipment, she withdrew $20,000 from her inheritance, (which paid 8 percent interest). Last year she paid $25,000 for ingredients and $500 per month rent but had revenue of $50,000. She asked her dad the accountant and her mom the economist to calculate her profit for her.
Q2. Joe has $16 to spend on Twinkies and Hohos. Twinkies are prices at $1 and Hohos are priced at $2 per pack. How can Joe maximize his utility?
What is the impact of opening trade on the real rental on capital.
The Investment demand curve is a useful tool to summarize an important and complex relationship in the economy.
Indicate two public policies that would be appropriate for addressing this situation. Explain their impact on your graph.
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
By how much should domestic auto-makers increase the cost of automobiles if they wish to increase sales by 5 percent next year.
learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
Parkleigh presents an hourly salary also the employee discount. Kaufmann's offers only an hourly wage.
What other variables should be considered when determining what is reasonable in terms of maintenance expense
Devise a hypothetical business situation in which buying a look back.
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