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The data in the table represents annual costs and revenue for Amy's store. Aurora works 60 hours a week at the store. Aurora owns the building that houses her store, and if she closed the shop, she could rent out the building for $30,000 per year and go to work for a manufacturing job and earn a salary of $20,000 per year. What is the economic profit and economic cost for Amy's store. Are these figures the same as the accounting cost and accounting profit?
Wages Paid to workers $21,000
Interest Paid on Loans $7,000
Other Expenditures $27,000
Total Revenue $114,000
The CEO of General Motors is worried that members of the GM's strategic planning committee are unfamiliar with basic economic principles.
Your company is contemplating replacing their current fleet of delivery vehicles with Nissan NV vans. You will be replacing 5 fully-depreciated vans, which you think you can sell for $3,300 apiece and which you could probably use for another 2 years ..
If the consumption function lies below the 45 degree line dissaving is occuring. If the AE curve lies below the 45 degree line there is a inflation at full employment. Output is increased to get rid of an inflationary gap. The aggregate demand curve ..
the case study of the fisher-price toys inc. a popular case in basic economics and management from the prestigious
If policymakers increase aggregate demand, the price level
Suppose the market for cars is unregulated. That is, car prices are free to adjust based on the forces of supply and demand. If a shortage exists in the car market, then the current price must be than the equilibrium price. For the market to reach eq..
What is the name of the security feature on a Cisco switch that will place a postfast interface into root-inconsistent state as long as that interface receives?
Prepare a Literature Review on regeneration of power and also include their different approaches. Explain about the Cost and potential utilization of regenerated energy. The authors in [8] have suggested multiple electric engine technique. Two genera..
All economic systems (capitalist, communist, or any other) face similar economic problems. Which of the following questions would NOT be faced by all economies?
Using the mechanics of supply and demand, what does a tax do? How does it affect supply and demand and quantity in markets? one hundred words
Suppose the market price in a perfectly competitive market is $10. Suppose the marginal cost of the firm is given by: MC = 2Q + 2. Graph the profit maximizing decision facing the firm, showing the corresponding profit maximizing level of output, on a..
Draw a supply- demand diagram of the federal funds market and show the effects of a Federal Reserve Purchase of $85 billion in US Treasury Notes during a Quantitative Easing Campaign after the Fed has already lowered its Fed funds target to 0 - .25%.
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