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Q. Imagine which you are presently a college student working at a part time work. You work 15 hours per week as a taco specialist at TACOS! TACOS! TACOS! Also earn $8 per hour. One day you realize you're tired of smelling such as refried beans all the time also begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm. You have Concluded the subsequent as such sally projected expenses also revenues for your 1st four weeks:
Revenue: $800 (8,000 copies sold at $.10 per copy)
Costs: $400 for photocopy machine rental
$80 for paper (8,000 pages at $.01 per page)
Using this information you decide to start the business. Did you create a wise decision?
Assumes that wheat producers lobby the government for a price floor also receive one.
explain the overall impact of the wage decline on hours of work. Is your worker on the forward-rising or backward bending portion of the labor supply curve.
Draw a graph with arcade games on the horizontal axis also newspapers on the vertical axis. Joe has $10 every week to allocate between these commodities.
Presently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply.
Discuss the Social Security System, current status and future outlook. Be thorough and focus on the economic considerations. Cite at least 6 sources.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Find out the optimal price-quantity if the firm can price discriminate but cannot charge a two part tariff.
Explicate why the PPF before the war is different from the PPF after the war. Explain how you appraise the role of modern government.
Assume the two newspapers merge. Illustrate what is the likely post-merger bargaining outcome.
Omar's marginal utility for cups of coffee is constant at 1.5 utils every cup no matter elucidate how many cups he drinks.
the most important contributor to increases in the productivity of Americans labor over the 1929-2000 period was Illustrate what.
How much should it raise government spending, if the government looks to raise income to 3000.
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