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An individual leaves a college faculty, where she was earning $45,000 a year, to begin a new venture. She invests her savings of $10,000, which were earning 10 percent annually. She then spends $22,000 renting office equipment, hires two students at $30,000 a year each, rents office space for $14,000 and has other variable expenses of $38,000. At the end of the year, her revenues are $220,000. (4 points) A. What are her accounting profits for the year? B. What are her economic profits for the year? (Be sure and show your work for both questions)
Explain the process for obtaining an annual filing report for a corporation currently registered in California
if Q = 60 − (1/2)P, and MC = 60, which means that MR = 60 how do you work out the price, which then allows you to work out the Q
Discuss Khalid's proposed business in terms of a competitive market and in terms of a monopolistic competitive market. Which type of market structure might he hope develops? Why? Does that development depend on him? Explain.
GDP does not include the value of used goods that are resold. Why would including such transactions make GDP a less informative measure of economic well-being
Find Livia's best affordable bundle of tea and coffee. How does the equilibrium condition differ from the condition we derived in lecture for the "typical" case? How much could the price of a cup of coffee risewithout harming her standard of livin..
Reducing taxes increases the amount of available cash that consumers can use to purchase goods and services. The more cash consumers have, the more purchases they are likely make. As consumers in a country increase spending, it directly increases ..
What effect will the distribution have on Samuel’s gross income and tax liability if he invests the $20,000 received in a mutual fund?
The expected inflation rate
Discover out the (Maintenance) Margin Requirement for Future Account for some Brokers (Clearing House). Site your source(s) and provide a printout if from the web. Discover the OPEN interest for some delivery date maintenance
a company had 74 employees whose salaries are summarized in the frequency distribution below. find the standard
a countrys culture reflects and shapes its values and each country adopts laws that reflect their prevailing ethical
What should be the amount of the tax? Draw a graph representing the situation - How should the government adapt its policy to respond to this new information?
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