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Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. Your aunt also estimates that she would sell $510,000 worth of merchendize.
a) Calculate your aunt's expected accounting profit based on the information provided above.
b) Calculate your aunt's expected profits based on the information provided above.
c) Should your aunt open the hardware store? Why or why not?
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
Explain how difficulty will it be for the owner to plan for this new competitive threat.
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Assume a bank purchases a newly issued mortgage backed security (MBS) for $1,000. After the year, the value of the MBS has decreased to $750:
Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.
Elucidate how the investor's curves would appear if she adopts the 50:50 strategies but would not accept any additional return.
q1. given production function fxy cxabyb-awhere a b c are positive and bgtaa. discuss the returns to scale marginal
If the IS curve does not shift when autonomous consumption increases by $100 MM and autonomous taxes increase by $200 MM, what can we infer about the marginal propensity to consume?
q1. as this is a issues of involving selling prices of hamburgers also the quantity of hamburgers consumers which would
If total mortality among children remains constant whereas the incidence of that mortality shifted from late childhood to untimely rates of fertility declined.
Suppose there are two spice-producing firms, and each can set up one trading post. Illustrate where would they set up trading posts and what prices would they charge.
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