32- Interest Rates

What is the present value of $50 per year in each of the next three years if the interest rate is 10 percent? a) $150 b) $45.45 c) $124.34 d) $165.00 e) $168.00

45 - Interest & Consumption

Investing $1 for 35 years at 4 percent per annum yields approximately $2.94 in interest. The cost of consuming$1 today is therefore ______ of consumption in 35 years' time. a) $2.94 b) $102.90 c) $3.94 d) $137.90 e) $1.94

52- Average cost

If it costs the firm $54 to produce 6 units of output and $40 to produce 5 units of output, average cost: a) is greater than marginal cost and average cost is rising b) is less than marginal cost and average cost is rising c) equals marginal cost d) is greater than marginal cost and average cost is falling e) is less than ...continues

60-

A firm generates total revenue of $80,000. Labor costs $40,000, materials cost $20,000 and the owner could have earned $15,000 working for someone else. To an economist, profit equals___________; to an accountant, profit equals ______________. a) $40,000; 5,000 b) $5,000; $40,000 c) $40,000; $15,000 d) $20,000; $5,000 e ...continues

68- Profit Maximization/Monopolies

A profit-maximizing monopolist finds that at the present level of output, marginal revenue equals $10 and marginal cost is $14. The price for this output has been determined from the demand curve. What action should the monopolist take to increase profits? a. reduce price and increase output b. reduce price and output c ...continues

Economics

Peggy-Sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster, Inc., to come to work for them at $125,000 per year. Currently, she is producing her own cookies, and she has revenues of $260,000 per year. Her costs are $40,000 for labor, $10,000 for rent, $35,000 for ingredients, a ...continues

Need a graph please.

Need help with the following attachment please.

Need a graph and chart please

Economics

Questions

A pair of shoes that wholesales for $28.79 has the following costs: Manufacturing Labor 2.25 Materials 4.95 Factory overhead, operating expense 8.5 Sales costs 4.5 Advertising 2.93 Research & Development 2 Interest 0.33 Net Income 3.33 Which are variable, and which are fixed? If ...continues

Question

Some economists did a study of the market for economists in Britain. They found that the quantity demanded was about 150 per year, and that the quantity supplied was about 300 per year. Using your new-found economic reasoning powers: What did they predict would happen to economists' salaries? What likely happens to the exce ...continues