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Question - Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of these resources). During the year she received offers to work for other design firms. One offer would have paid her $120,000 per year and the other would have paid her $130,000 per year. What is the Lashondra's economic profit?
Factor that influence productivity and therefore growth are: A) physical and human capital per worker and technological advances. B) government independence
What are the advantages and disadvantages of toll roads for driver? Why might an individual prefer to pay a toll than to use a free road
Does your company tie compensation to meeting a budget? If so, what kinds of problems does this practice cause? What can you do to fix these problems?
What is your assessment of business's response to product and service quality and safety? Have they done enough? What is missing from their approaches?
Alf's valuation of the object is Ta, Bill's valuation is Tb and the true value is expected to be Ta + Tb, but at the time of the auction neither bidder knows the other's valuation. However, it is common knowledge that Ta and Tb are drawn from a re..
Analyze the trends in overall inflation over the last five years and whether your income has kept pace with inflation. How has inflation over the last five years affected you and/or your family?
What is the total revenue for U.S. wheat farmers in 2006 and 2007 and calculate the price elasticity of demand for winter wheat.
Four methods of completing a tax return and the time taken by each method are with a PC, 1 hour; with a pocket calculator, 12 hours; with a pocket calculator.
How does this concept factor into a commercial bank manager's decision about what interest rates to charge a poor entrepreneur and a rich entrepreneur?
1. discuss the current economic situation in the u.s. as compared to five 5 years ago. include interest rates
What indicators are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust this?
Is this a shortsighted policy or a rational one in view of the interests of union members? How does the answer depend on the model of trade?
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