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An entrepreneur quits a job where she was earning $60,000 per year and starts her own business. In this business she is earning $20,000. What is the cost of the business? Suppose the entrepreneur is so happy being on her own that she thinks it gives her the same joy that a $100,000 job would. What is the cost of the business?
The town finds an investor who purchases the warehouse and promises to renovate the old building and build condominiums. Is this economic growth?
Determine the minimum average cost of the firm with these different order sizes.
Which of the following terms describes a phenomenon whereby individuals ignore their own information about the best course of action and instead simply do what everyone else is doing? What type of performance measurement based process was used to det..
Consider a health utility questionnaire with only 3 domains (physical role, social role, and cognitive health), each of which has two levels (no problem and some problems). Calculate the utility of a person having some cognitive problems and some so..
q1. you are the proud owner of a baseball card store. suppose you sell 100.00 worth the baseball cards each day with
List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the three basic economic questions: What to produce with limited resources? How to produce the goods and se..
Is the client’s refusal to procure an audit of Internal Controls over Financial Reporting in violation of Sarbanes-Oxley? Why or why not?
What is difference between contraction and expansionary monetary policy. What are pros and cons of using expansionary and contraction monetary policy tools under following scenarios.
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capt..
What is the difference between a change in supply and a change in quantity supplied?
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
If the world market for crude oil experiences an increase in supply and a decrease in demand, which of the following results is expected to occur?
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