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Joe Donaldson deposited $80,000 in his new business. He then purchased for cash a building for $40,000 and inventory for $20,000. He performed services for clients for $10,000 cash, purchased supplies for $5,000 cash, and paid utilities of $2,000 cash.
Prepare all entries related to above transactions.
Airway Express has evening flight from Los Angeles to New York with average of 80 passengers and return flight the next afternoon with average of 50 passengers. Should the airline remain in business?
Illustrate (Draw the graph) the following events with AS and AD shifts. Start with the initial graph then add the change to either the AS or AD.
Give at least three explanations of why economic reasoning would argue that this is to be expected.
Suppose the domestic appliances industry faces severe foreign competition, and asks you to prepare a position paper its lobbyist.
Do the estimated coefficients have the required signs to yield a-shaped AVC curve? Discuss the significance using the p-values.
The manager of a national retailing outlet recently hired an economist to estimate the firm's production function. Based on the economist's report, the manager now knows that the firm's production function
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
Many home improvement retailers like Home Depot and lowes have low-price guarantee polices. Do these types of pricing strategies result in cutthroat competition and zero economic profits?
American Mining Company is interested in obtaining quick estimates of the supply and demand curves for coal.
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Q D = 1000 - 10P. Compute the monopolist's profit-maximizing quantity, price, and profit.
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
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