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During a year of operation, a firm collects $650000 in revenue and spends $250000 on labor expense, raw materials, rent, and utilities. The firm's owner has provided $350000 of her own money instead of investing the money and earning a 10% annual rate of return. Calculate the explicit costs of using market-supplied resources, Total economic cost, the firm's economic profit and accounting profit.
Explain In Canada Full-time permanent ---full time temporary----part time permanent---part time temporary---- Why is diagram may only apply to certain people And also considering race and age.
Suppose that you own a golf course that is part of a Florida resort. You primarily serve two groups of people: local residents and tourists. Devise a price discrimination strategy that will increase your revenues compared to a single-pricing strategy..
Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material priceincrease on the demand for roasted coffee? If one pound produces 50 cups of coffee, would the price of a cup of coffee rise by $0.01? Explain..
Evaluate the firms asset management, leverage, liquidity, and profitability.
1.Suppose the consumer had preferences described by U(C,l)=C^(2/3)*l^(1/3). They have 4 hours in a day, the real wage is 3, and the dividend income is 6. Part a: Write the Lagrangian for this problem.
Country (A) bubble was obvious. During the mid-2000s, it went from being a country that specialized in flowers and iron and ore smelting to a country that specialized in global finance. Country (A) biggest banks grew to 10 times the size of their eco..
If a firm's Marginal Revenue (MR) is more than its Marginal Cost (MC) at any given level of production (Q), profit-maximization requires that the perfectly competitive firm (decrease/not change/increase) its product price and the monopoly producer (d..
Does the best regression model that you ran in problem 27 have severe serial correlation? How can you tell?
What is scarcity? Why is scarcity central to the study of economics? Why does scarcity imply that every society and individual must face trade-offs? What is the difference between efficiency and equity? Why do government policymakers often face a tra..
Identify and briefly describe TWO distributed consensus protocols. State clearly in what way do you foresee that erypto-currency is change future of business.
A young engineer wishes to become a millionaire by the time he is 60 years old. He believes that by careful investment he can obtain a 15% rate of return.
Suppose that the government decides to impose an income tax as opposed to "lump sum" tax. We can now model the conomy as follows. What is the size of governemnt surplus or deficit in this case? What is the fiscal multiplier in this case?
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