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Three students consider the option of forming a lawn care and landscaping business during their summer vacation. They estimate the following costs: Insurance $2,600; Equipment Rental Fees $1,000; Fuel and Supplies $4 per lawn serviced and Miscellaneous expenses $2 per lawn serviced The projected revenue depends on the number of lawns serviced. The price per job is EC$30. The going wage for a typical unskilled university student is approximately $2,400 for the summer months. a) Derive an equation for total accounting cost and total economic profit
suppose that the capital machines in a particular plant is fixed in the short run and is equal to k 2. thus the only
Calculate the quota's redistributive effect, consumption effect, protective effect, and revenue effect and what is the overall welfare loss to Venezuela as a result of the quota?
consider a popsicle stand that sells in a perfectly competitive market. the popsicle stand has variable costs related
Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?
on their own firms have little incentive to invest in pollution abating technologies such assmokestack filters a
suppose you have two types of customers. type 1 customers typically purchases your firms product in bundles of 100
Define protectionist policies and describe how the imposed restrictions work and analyze the impact of such policies. Find three public policies framed by the government that have posed restrictions on international trade.
The jurors of a summary jury trial are usually not aware that their decision does not have a binding effect. The U.S. constitution has one indirect and three direct sources of law. The legislative branch is charged with interpreting the laws in the c..
at what point is average total cost minimized? ltbrgt ltbrgt240 ltbrgt113.3333333 ltbrgt73.3333333 ltbrgt54
a. in the presence of an underground economy likely to result in a gini coefficient that overstates or understates
a brand of salsa comes in jars marked net weight 680 grams. suppose the actual mean net weight mu 680 grams with a
Give two conditions that are important to the efficient market theory. List one implication of the efficient market theory.
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