Suppose a lawn-mowing business has a mower for which it paid $1000 and workers for which they pay $10 per hour. Suppose each mower can mow a lawn per hour.
A. Their total fixed cost is $1000/lawns mowed.
B. Their variable cost per lawn is $10 + $1000/lawns mowed.
C. Their average fixed cost is $1000.
D. Their average variable cost is $10 per lawn mowed.
Answer: D
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The best solution to the problem of welfare loss from monopoly is public ownership
a. True b. False Indicate whether the statement is true or false
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likely predicted that once price controls were abolished in the spring of 1974, A) the price of gasoline would decline sharply. B) the surplus of gasoline would go away. C) the shortage of gasoline would go away. D) the demand for gasoline would decrease. E) both c and d
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A. potatoes. B. wheat. C. both. D. neither.
Starbucks reports net income for 2018 of $4,518.3 million. Its stockholders’ equity is $5,450.1 million and $1,169.5 million for 2017 and 2018, respectively.
a. Compute its return on equity for 2018. b. Starbucks repurchased over $7,208.7 million of its common stock in 2018. Did this repurchase increase or decrease Starbucks’ ROE? If Starbucks had not repurchased common stock in 2018, what would ROE have been?