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Use the following information to calculate accounting profit and economic profit.
Sales $100
Employee expenses $40
Inventory expenses $20
Value of owner's labor in any other enterprise $40
General Barclays Bank Microsoft
Motors
Sales $50,091 $5,730 $2,750
Wages and
salaries $29,052 $3,932 $ 400
Cost of capital $12,100 $ 750 $ 35
Interest on debt $ 7,585 $ 275 $ 5
Cost of materials $ 6,500 $ 556 $1,650
A television station is planning the sale of promotional DVDs. It can have DVDs manufactured by one of two suppliers. Supplier A will charge the station a set-up fees of $1,200 plus $2 for each DVD.
Calculate her utility maximizing choice of food and clothing and calculate the level of utility her optimal consumption bundle gives to her.
1. only 2 families the arrows a and the benthams b inhabit little society. each family has onechild. the 2 families pay
While greater access to imports may be beneficial from a microeconomic standpoint (people have greater range of goods to choose from, and available at a lower price) the macroeconomic view of things may be a little different.
An industry said to be characterized by monopolistic competition is the apparel industry. Suppose you were hired as a consultant by a firm in this industry. How would advise the firm as to the levels of output
Briefly describe the major categories of expected benefits and expected costs from undertaking the project and explain how and where the value of human lives saved or lost might enter this analysis, and explain whether all of these effects are addr..
will all the value end up going to customers, or will companies be able to reap a share of it will the internet bolster or erode the ability of companies to gain sustainable advantages over their competitors
Consider three markets: M1, M2, and M3. There are features of these markets that the Department of Justice observes and features the Department of Justice does not observe. The DOJ observes that M1, M2, and M3 have one
How is the equilibrium price determined? What happens if the price is above the equilibrium price? What happens if the price is below the equilibrium price?
Apply the formula for the area of a triangle (Area= 1/2 x Base x Height ). What is the dollar value of the total surplus ( producer surplus plus consumer surplus) when the allocatively efficent output level is produced
Describe considerations for undertaking macroeconomic stabilization policy including understanding the use and effectiveness of fiscal policy and monetary policy in stabilizing the national economy.
Discuss the pros and cons, for returning to the gold standard. Provide the positive and negative effects of reversing the current policy.
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