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A potential entrepreneur is trying to decide whether to open a new health spa. She currently makes $35,000 per year as an aerobics instructor and will have to give up this job if she opens the new health spa. If she chooses to open the spa, it will cost her $200,000 per year in rent and other operating expenses.
a) What are her accounting costs?
b) What are her opportunity costs?
what is the probability that 6 female students and 3 male students will be selected? Round your answer to 3 decimal places.
If the time-frame at hand is sufficient for all inputs to be variable (adjustable), then the firm is
List three clauses in the Software Engineering Code of Ethics that are upheld and two which may be violated by a whistleblower? Mention how they relate to whistleblowing.
Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyer’s full willingness to pay while the supply curve reflects all production costs. Maximum willingness to pay exceeds minimum acceptable price:
Is gasoline an economic complement of restaurant meal Are restaurant meals an economic complement of gasoline
How does the appreciation or depreciation of a currency impact exchange? Do you think it will impact employment levels?
From an economist's perspective, an important consideration for policies to address global warming is: When a producer cannot get all consumers of their product to pay for enjoying it, such as in the case of a fireworks display, then we'd have a dema..
Microeconomics - study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry. Cost of production- i..
Given the short-run (SR) cost curve in the chart above for a firm in a perfectly competitive market, find the firm’s best output level and total profits when the market price is: a) $18, b) $13 c) $5 d) $3.
In the ________, if profits are not possible, the perfectly competitive firm will seek out the quantity of output where ________.
Malthusian trap is known as: "A point at which the world is no longer able to meet the food requirements of the population
It also ask to Imagine that, as a negotiator for your company, you have started a mediation session with the U.S. government over a disputed project
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