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Suppose that a firm produces 140,000 units a year and sells them all for $15 each. The explicit costs of production are $1,700,000 and the implicit costs of production are $275,000. The firm earns an accounting profit of:
-$400,000 and an economic profit of $125,000. -$2,100,000 and an economic profit of $140,000. -$140,000 and an economic profit of $2,100,000. -$125,000 and an economic profit of $400,000.
Provide an example where we see the substitution of labor for capital in agribusiness or business
Consider what you can infer from your own purchasing habits about price and demand? Explain your answer
Assume the mpc = 0.6 for an economy. Showing work, please find the effect (if any) on equilibrium real GDP of each of the following events (other things remaining the same):
a. What is the value of the stock? b. What is the present value of the growth opportunity?
An economist gives the following advice to a museum director: “You should introduce “peak pricing”. At times when the museum has few visitors, you should admit visitors for free. And at times when the museum has many visitors, you should charge a hig..
Full employment is the situation in which the economy operates at an unemployment rate equal to the sum of
What is interested and why do we have it? Explain why taking interest rate down to zero, i.e., no interest rate, may stoke inflation, and hence, removing the purchasing power of money and ruining the economy down the road.
An Asset for transportation purchased and placed in service by a petroleum production company. Its cost basis is $75,000, and it has an estimate MV of $15,000 at the end of an estimated useful life of 15 years.
List three examples of price floors or ceilings, and identify the "winners" and "losers" that result from these interventions.
The terms of trade between two countries refer to
An individual was injured while setting off fireworks that he purchased from the ACME Fireworks Company. This individual was a resident of the state of Oregon. He was injured after lighting the fireworks in Oregon. The ACME Fireworks Company was loca..
ECON 5009 Financial Markets, Securities and Derivatives Assignment Help and solutions, University of Glasgow, UK-Write a short report with a critical summary.
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