Mika borrows $100,000 to start up her own beauty shop. She pays 5 percent interest on her loan. In order to account for all costs of her business, Mika must not forget:
A. the implicit cost of $100,000.
B. the implicit cost of $5,000.
C. the explicit cost of $105,000.
D. the explicit cost of $5,000.
D. the explicit cost of $5,000.
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For this tax schedule, what is the marginal tax rate for an individual with taxable income of $49,000?
a. 0% b. 10% c. 25% d. 35%
Consider an industry that is made up of six firms with the following market shares: Firm A - 50%, Firm B - 20%, Firms C and D - 10% each, and Firms E and F - 5% each
What is the value of the Herfindahl-Hirschman Index and how will the industry be categorized? A) 2,500; mildly concentrated B) 3,150; highly concentrated C) 8,100; highly concentrated D) 10,000; effectively competitive
The demand for food is price-inelastic.
Answer the following statement true (T) or false (F)
According to advocates, if the government adopts expansionary monetary policy during a recession, ________.
A) interest rates increase B) access to credit increases C) government spending falls D) tax rates increase