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Golda Rush quit her job as a manager for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,000 per year, invested her savings of $30,000 (which was earning 5 percent interest) and borrowed $10,000 from a close friend, agreeing to pay 5 percent interest per year. In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 on equipment and hairdressing material. Based on this information, what is the amount of her explicit costs?
A) $45,000
B) $45,500
C) $47,000
D) $87,000
The City of Milwaukee is considering suing the manufacturers of handguns and other firearms, on the basis of a “public nuisance.” “Nuisance” is defined under Wisconsin statutes as “any source of filth or cause of sickness.” Does such a lawsuit have m..
If it must pay all workers the same wage, the firm experiences increasing marginal cost over this range of output.
How could she explain to her parents, using logic from economics, why she chose to major in English instead of mathematics?
Discuss the information asymmetry, the adverse selection problem,and why soft selling is a successful signal.
Construct the industry supply curve and plot it on a graph.
most people feel health care is priceless however health care comes with a steep cost. what factors must be considered
What are vulnerable populations? Why are they vulnerable?
The two firms have the same demand curve P=100-4Q, Marginal cost of Firm 1 is 5 and for firm 2 is 10.
What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
during his first year at school, ximin buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. Is ximing better off, the same, or worse off after the price change.
How do producers know when the "demand for a particular product is high"? What is the signal?
U.S. GDP in year 2011 is $15,094.0 U.S. GDP in year 1982 is $3,253.2. The GDP chain -type price index (2005=100) is 113.36 in 2011 and 55.459 in 1982. (must show work please)
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