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A seafood restaurant in a beach resort town has a fixed (unavoidable) cost of $1,000 per month and variable (avoidable) costs of another $1,000 per month. Its total revenues over the six warm months amount to $17,000, so that its profit for this period is $5,000. Its total revenues over the other six cold months are only $7,000, however, so that it loses $5,000 over those months, and just breaks even over the year as a whole. Wouldn't the restaurant do better by staying closed out of season? Explain your answer.
The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent.
Illustrate that this is an indirect or a direct rate. If the forward rate is an accurate predictor of replacement rates.
Illustrate what will be the effect on the level of checkable deposits.
the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Compute the optimal pricing scheme of the iphone, Assume which there are equal numbers of every customer type.
The craft unions electricians, carpenters, other possess considerable power to raise wages than do industrial unions automotive workers, steel workers.
Explain how more would cumulative spending increase as a result.
Imagine which you are presently a college student working at a part time work. You have Concluded the subsequent as such sally projected expenses also revenues.
If automobile emissions controls were not mandated by law, would people willingly buy also install them
What is the opportunity cost of Josephine's trip to the wedding
When aggregate demand shifts left along the short run aggregate supply curve, then unemployment?
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