The country of alcazar has been growing at an impressive pace for the last five years. with improvements in technology, many industries have recorded remarkable growth in productivity. an accountant, lucas eggers, however argues that people in the economy are not necessarily better off because mechanization and technology usually eliminate jobs. toby hartmann, who works at a bank, disagrees with lucas. he thinks that alcazar's high economic growth and wellbeing have been driven by this increase in productivity. which of the following, if true, would weaken lucas' view that people are not necessarily better off? a. the health sector which has the lowest level of productivity, employs the largest number of people in alcazar. b. increasing productivity has ensured that wage inflation in alcazar does not result in higher product prices. c. the retirement age in alcazar, or the age at which citizens can collect retirement benefits, has been increased to 65 years. d. most of the growth in productivity was confined to the services sector while there was barely any improvement in the manufacturing sector.

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

James has set the goal of achieving all "a"s during this year of school. which term best describes this goal

5. profit maximization and shutting down in the short run suppose that the market for polos is a competitive market. the following graph shows the daily cost curves of a firm operating in this market. 0 2 4 6 8 10 12 14 16 18 20 50 45 40 35 30 25 20 15 10 5 0 price (dollars per polo) quantity (thousands of polos) mc atc avc for each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the previous graph to identify its total variable cost. assume that if the firm is indifferent between producing and shutting down, it will produce. (hint: you can select the purple points [diamond symbols] on the previous graph to see precise information on average variable cost.) price quantity total revenue fixed cost variable cost profit (dollars per polo) (polos) (dollars) (dollars) (dollars) (dollars) 12.50 135,000 27.50 135,000 45.00 135,000 if the firm shuts down, it must incur its fixed costs (fc) in the short run. in this case, the firm's fixed cost is $135,000 per day. in other words, if it shuts down, the firm would suffer losses of $135,000 per day until its fixed costs end (such as the expiration of a building lease). this firm's shutdown price—that is, the price below which it is optimal for the firm to shut down—is per polo.