User Account

All Pages

Started a printing business in duluth

Assignment Help Business Economics
Reference no: EM131396097

Penelope has recently started a printing business in Duluth. She had to pay a fee to obtain a trade license from the Minnesota government and took a loan from the local bank to purchase inkjet printers, laser printers, and screen printers. She employs 20 workers who are paid a wage of $30 per hour. She is also a trained ballet dancer who used to earn an average of $50,000 a year. Penelope's implicit cost of running the business is:

  • $72,000 per annum.

  • the amount she used to earn as a ballet dancer.

  • the fee paid to the government.

  • the interest she has to pay on the loan

Reference no: EM131396097

Questions Cloud

Create a class named weatherreport : Accumulate rain and snow in the summary object. Write a main()function that creates a month-end weather report from the 30 daily reports. Save the file as WeatherReport.cpp.
Derive the implicit function rule : Derive the implicit function rule. (Quantitative methods in Economics)
Is given problem one of independence or of goodness of fit : Is by used with significantly different frequency by the two writers? Explain how these results help in deciding about the 12 disputed papers.
Create a friend function that displays a customer number : Create a friend function that displays a customer number and the customer's city, state, and zip code. Write a brief main()function to test the classes and friend function. Save the file as Customer.cpp
Started a printing business in duluth : Penelope has recently started a printing business in Duluth. She had to pay a fee to obtain a trade license from the Minnesota government and took a loan from the local bank to purchase inkjet printers, laser printers, and screen printers.
Analyze psychology as a profession : Prior to beginning work on this discussion, read the Schantz (2014) "A Young Scholar's Guide to Building a Professional Network" article, review the Divisions listed on the APA website paying special attention to the divisions that may interest yo..
Why are some people opposed to these games : Why are some people opposed to these games? Do you approve of playing them? Would you impose any age restrictions on players?
Short run but shut down in the long run : A perfectly competitive firm sells 10 units of Good X at a price of $2 per unit. It incurs a fixed cost of $5 and a variable cost of $40 to produce the good. Which of the following is true?
Explain the ethical dilemma : Explain the ethical dilemma in your own words and explain whether or not the story relates to an ethical theory or code identified in the text. Your post should include a link to the news story or event (article, other piece of writing, or video c..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd