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Geraldine wanted a compensation for risk bearing of $8,000 in order to run a tuition centre. Geraldine pays the rent of $4,000 a year, and her total revenue is $18,000 a year. She has also sacrificed $4,000 a year rental income she could have earned by renting her own building to someone else. She borrowed $1,000 at 10 per cent a year to buy tuition centre furniture. Depreciation costs were negligible. Calculate Geraldine's annual explicit costs, implicit cost and economic profit.
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 20%. The Federal Reserve buys a government bond worth $750,000 from Shen, a client of First Main Street Bank. H..
Select any three occupations of my choice from the U.S. Bureau of Labor Statistics Occupational Outlook Handbook. 1 - Interior Designer, 2 - Lawyer, 3 - Psycologist. Based on the findings from OOH, write a brief summary of the median earnings, number..
If the EU and the United States continue to trade what do you think will characterize goods which the EU exports to the United States and the goods that the United States exports to the EU.
Suppose that, initially, the Michigan economy is in equilibrium with no unemployment. The supply of workers is ES = -1,000,000 + 200w, and the demand for workers is ED = 19,000,000 – 300w, where w = annual wages, and E = number of employed workers. T..
Which gamble would a risk-averse person most prefer? risk neutral-person? Risk-seeking person?
Country A has 1,500 units of labor and can produce two goods, manufactures and food. A’s producers take 5 units of labor to produce one unit of manufactures and 6 units to produce one unit of food. Country B has 1800 units of labor and takes 3 units ..
Few years back, HP launched four new computer models aimed at the Chinese and Indian consumer markets to create loyal customers as these markets emerged. Using penetrating pricing strategy, HP priced the new computers under $400, significantly less t..
When a Denver resident purchases a Coors beer (brewed and bottled in the USA), this represents a:
Read A Case Study of Rural Health Care in the Economic Downturn and reflect upon the issues identified in Ashe County.
Latteland is a fictional country that produces lattes and mochas. The following represents their production for 2016 and 2017.
1. What does it mean for an action to be objectively right? A. An action is objectively right if a person believes that the action is moral.
Derek can deposit $11,000 on each birthday beginning with his 26th birthday beginning with his 26th and ending with his 65th why will the rate in the retirement
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