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Home Question Bank Economics Archive 2024 December 01

Economics Questions from Dec 01,2024

Browse the Economics Q&A Archive for Dec 01,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Marginal cost is best defined as a. the amount added to total cost when one more unit of output is produced. Which of the following is the most likely outcome of minimum wage laws? a. A decrease in the quantity of labor supplied by workers and an increase in the quantity of labor demanded by firms b. An increase in the quantity of labor supplied by workers and a decrease in the quantity of labor demanded by firms c. A decrease in both the quantity of labor supplied by workers and the quantity of labor demanded by firms din both the quantity of labor supplied by workers and the quantity of labor demanded by firms Angela's bank gave her a 2-year add-on interest loan for to pay for new equipment for her antiques restoration business. The ann nterest rate is . How much interest will she pay? What are her monthly payments? She will pay in interest on the loan. (Round to the nearest cent.) Angela's bank gave her a 5 -year add-on interest loan for to pay for new equipment for her antiques restoration business. The annua interest rate is . How much interest will she pay? What are her monthly payments? She will pay in interest on the loan. (Round to the nearest cent.) a. explicit costs. b. variable costs. Ao. A fruit seller buys 200 oranges at each and another 200 oranges at ₹8 cach. While sorting through them, he finds 40 rotten oranges, which he cannot sell. Find the price at which he must sell each orange to earn a net profit of . For a luxury doughnut producer the average selling price is R20. The average variable cost is of the selling price and its fixed cost per day is R2 000 . Calculate total costs per day assuming it produces 400 doughnuts per day. A. R3 200 B. R8 000 C. R5 200 D. R4 000 ¿A qué monto ascenderán en 15 años, si se invierten a una tasa efectiva de ? Seleccione una: a. b. c. d. 4. The population of a place increased from the year 2013 at a rate of per annum. What was the population in 2013 , if the population was 121000 in the year 2015 ? 1. Manav bought an umbrella for and a raincoat for . She sold the umbrella at a profit of and a raincoat at a loss of . What is the ratio of selling price of umbrella to the selling price of raincoat?
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