If you were in the donut-making business, which of the following would most likely not be an explicit cost?
a. salaries
b. sales taxes
c. utilities, such as gas and electricity
d. insurance
e. the time you put into running the business
E
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If a single person has a standard deduction of $6,300, itemized deductions of $6,650, and a personal exemption of $4,000, then the first ________ of income is federal income tax free.
A. $10,300 B. $10,650 C. $16,950 D. $12,950
The psychological rewards of inventing a new product generally result in ____ profits for entrepreneurs
a. below average b. only average c. above average d. indeterminate
A lender is promised a $100 payment (including interest) one year from today. If the lender has a 6% opportunity cost of money, he/she should be willing to accept what amount today?
A. $100.00 B. $94.34 C. $106.20 D. $96.40
What is the largest center for currency trading?
What will be an ideal response?