Lemonade anyone? Raymond decides to set up a lemonade stand every weekend for the next four weeks to save up for the latest x-men comic. He has to pay his brother Robert $10 as a one-time payment for him to not bully Raymond or drive his customers away
The lemons and sugar cost him $10 (the water is free) and his dad offers to set up his stall for him. He ends up making $15 his first weekend. Frank, his father notices this and advises Raymond to shut down the stall since he is making less than he is spending on the stall. What would you advice Raymond to do?
The anti-bullying cost that Raymond paid to Robert is unavoidable at this point and shutting down would not bring any of it back. He should continue setting up the stall since he is making $5 over his marginal cost for setting up the stall. The fixed cost should not be a part of the calculation.
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A. raise interest rates and the exchange rate, thereby crowding out net exports. B. raise interest rates and lower the exchange rate, thereby crowding in net exports. C. lower interest rates and the exchange rate, thereby crowding in net exports. D. lower interest rates and raise the exchange rate, thereby crowding out net exports.
What percent of taxable income is reported on tax returns according to an Internal Revenue Service survey?
a. 85% b. 75% c. 65% d. 55%