Rhonda planned to open a pastry shop in a resort town on the east coast. as she pondered her organizational set-up, she decided she would need four employees to specialize in the creation and production of delicate pastries, and three employees to greet, serve, and sell to customers. one or two of her workers were designated as supervisors. another preliminary organizational decision that rhonda will most likely tackle is
a. internal structure of her suppliers. b. the allocation of resources within her operation. c. negotiating down her city license to sell food. d. upcoming promotions with a neighboring store.

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Arecession is defined as a period in which