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Q. Zach withdrew $400,000 out of his personal savings account and used it to start his new cookie business. Bank account pays 3 percent interest per year. During first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box. Also during first year, cookie business made monetary outlays of $9,000. You may assume that re is no opportunity cost to Zach's time. What is economic profit and accounting profit?
Illustrate what are the factors that determine the demand for and provide of money.
Calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion.
Illustrate what is the maximum amount you will pay for the new process. Suppose that the new process must pay for itself by the end of the first year.
Describe how each of these activities affects government households as well as businesses.
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
Distinguish between the crowding-out effect also the Ricardo-Barro effect. Elucidate how are the two effects related
Elucidate what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze. Can you say what happens to the demand for orange pickers.
In your paper, write your first-person account of how human interactions in your community have been realized.
Elucidate how much should Joseph's income increase to compensate for the rise in the prices of roses.
Why considering that it snows only once every ten years where Joe lives, Joe's expectations are almost always perfectly accurate." Are Joe's expectations rational.
a change in environmental regulation has dramatically raised the price of a substitute chemical that indirectly competes with T3MP. This change undermines the market for the substitute, which is about twice the size of the market for T3MP.
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