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Can you go into detail explaining your answer and how you came to that conclusion to help me better understand.
Jamal opened a Mega Fitness center. He signed a year-long lease for a building that will cost $500 per month. He bought all of his own equipment for $3,000. Jamal's labor costs for two trainers will be $4,000 a month. Jamal already contracted with 100 clients. Each client will pay $60 per month. What are Jamal's fixed costs, variable costs, average fixed costs, average variable costs, and average total costs? Calculate what Jamal's profit or loss would be.
Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $8.00. The smallest amount for which you would be willing to wash someone else's car is $5.50. You are going out this evening and your car is dirt..
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What is the margin of error in cm? (Round to one decimal place as needed.)
Why do firms in perfectly competitive markets not make any economic profit in the long run? Would be smart for a firm to lower its price in a perfectly.
What are the obligations or debts that a business must pay in cash or in goods and services at some future time because of past transactions or events called and how are they reported?
Kath has $80 (income M) to spend on pizza (good 1x) and coke (good 2x). The price of a slice of pizza is $4 and the price of a can of coke is $1. Formulate the intercept-slope equation of Kath’s budget line. Assume that, other things being equal, piz..
Suppose Richard has an after- tax income of $500 per week and must spend it all on food or clothing. If food is $5 per pound and clothing is $10 per piece, draw his budget line, where the amount of food is measured along the vertical axis and the amo..
Over which range of production, the marginal product of the variable input would be increasing in the short run.
A German machine company sells industrial machinery and maintenance policies for the machine. There are four market segments. Figure 5-9 shows the size of each market segment and the amount each segment will pay for the machine separately, maintenanc..
Matthew has a contract to sell a piece of real estate to Betty for $35,000. Matthew breaches the contract and decides to keep the property even though the market price is only $31,000. Betty can recover:
What is the centerline of an S chart if the sum of the 25 sample standard deviations is 50?
How do the terms Bit, Byte, and Word relate to each other in a computer system?
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