Business, 05.11.2019 03:31 hardwick744
Suppose a farmer in georgia begins to grow peaches. he uses $1,000,000 in savings to purchase land, he rents equipment for $80,000 a year, and he pays workers $150,000 in wages. in return, he produces 200,000 baskets of peaches per year, which sell for $3.00 each. suppose the interest rate on savings is 2 percent and that the farmer could otherwise have earned $45,000 as a shoe salesman.
(a)- the peach farmer earns economic profit of $ ?
(b)- the peach farmer earns accounting profit of $?
Answers: 1
Business, 21.06.2019 21:30, ally6977
What is the eventual effect on real gdp if the government increases its purchases of goods and services by $80,000? assume the marginal propensity to consume (mpc) is 0.75. $ what is the eventual effect on real gdp if the government, instead of changing its spending, increases transfers by $80,000? assume the mpc has not changed. $ an increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in an identical eventual effect on real gdp. a smaller eventual effect on real gdp. a larger eventual effect on real gdp. no change to real gdp.
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Business, 22.06.2019 16:00, winstonbendariovvygn
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
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Business, 22.06.2019 21:00, TH3L0N3W0LF
The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs
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Business, 23.06.2019 00:10, 201010399
Many years ago, sprint telecommunications aired an advertisement intended to demonstrate the clarity of reception sprint customers could expect. the ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. the mix-up was probably due to the presence of in the communication process.
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Suppose a farmer in georgia begins to grow peaches. he uses $1,000,000 in savings to purchase land,...
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