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Why can the distinction between fixed costs and variable costs be made in the short run? Classify the following as fixed or variable costs: advertising expenditures, fuel, interest on company-issued bonds, shipping charges, payments for raw materials, real estate taxes, executive salaries, insurance premiums, wage payments, depreciation and obsolescence charges, sales taxes, and rental payments on leased office machinery. "There are no fixed costs in the long run; all costs are variable." Explain.
a family decides to save for the college education of their kindegradener starting with her 6th birthday. they would
At a price of $5 the profit-maximizing output for a perfectly competitive firm is 1,000 units per year. If the average total cost is $3 per unit, what will be the firm’s profit? If the average total cost is $6 per unit, what will be the firm’s profit..
Recognize three well-founded reasons supporting the potentially beneficial role for government intervention in the workings of private marketplace.
1. you are the lays potato chip distributor for denver. you hire a consultant to estimate the demand for your
The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work
Recently, the Fed is paying banks interests for their required reserves and excess reserves. This is now the fourth policy tool for the Fed to control money supply (in addition to the three policy tools summarized on p. 423.). what if the Fed want..
sarita signed up with netflix for a fixed fee of 16.99 per month. for this fee she can receive up to 3 dvds at a time
suppose that the equation for autonomous planned spending ap ap 6200-200r and the value of the multiplier k is 2.5.a.
Describe the opportunities that might be available through better use of information technology (IT) in the U.S. health care system. What might explain the system's failure to better capitalize on these opportunities
I am learning about scarcity in my SS 6th grade and I am unsure about this question. which sentence best tells the effect of scarcity on economics.
according to a study of u.s. cigarette sales between 1955 and 1985 when the price of cigarettes was 1 higher
Determine the specific details about this fictitious company in order to conduct an environmental scan of this company.
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