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Sam runs a shoeshine stand at the airport. Sam has no skills, no job experience, and no alternative employment.Entrepreneurs in the shoeshine stand business earn $12,000 a year. Sam pays the rent of $1,500 a year, and his total revenue is $15,000 a year.He borrowed $600 at 15% a year to buy equipment. At the end of one year, Sam was offered $300 for his business and all its equipment.
What are Sam's explicit costs? Implicit cost? and economic profit in the first year?
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
Illustrate what are the production elasticities of demand for labor, capital (trucks) and energy. What type of returns to scale is consistent with the above production function.
Would have been higher as a result of working these additional hours because value of an individual's well-being is included in GDP calculation.
In an article about the financial problems of the USA today, Newsweek reported that the paper was losing about $20 million a year.
In Global Capitalism: Its Fall and Rise in the Twentieth Century, Frieden implicitly argues that the globalization of the early twenty-first century is not new in world history, reasoning that capitalism was previously "global" in the late ninetee..
Analyze the data you have selected to determine how to use them to make appropriate economic decisions for an organization. As you are analyzing the data, apply econometrics methods (linear regression, statistical mathematics, nonlinear regression..
Using the information in the following table, estimate the average return and volatility for each stock, the covariance between the stocks
the widget industry in anytown is a monopoly controlled by widget corp. its demand curve for the local market is given
Monetary expansion causes the present account balance to increase in the short run. Describe this statement. Is the same true for fiscal expansion.
What are the ways that healthcare insurance is financed, in both the public and private sectors? What are the benefits, eligibility criteria, and financing structure of Medicare, Medicaid, and S-chip programs? Who is responsible for administer..
What is an example of a microeconomic problem and a macroeconomic problem?
Suppose there are three people in Sandspit Karachi; Ali, Taha and Sarmad. The only good that their society has is Palla fish. Suppose their utility functions are given below and depend on Xp the quantity of clams they consume:
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