Recall the Application about running a software programming business to answer the following question(s).If you have $10,000 to start a software development business, the interest rate is 4 percent, your cost of your computer is $5,000, and the earnings you sacrifice from working at another job are $32,000, your yearly cost of doing business would be:
A. $47,000.
B. $47,400.
C. $37,400.
D. $37,000.
Answer: C
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A. decrease by 3%. B. increase by 3%. C. increase by 0.33%. D. decrease by 0.33%.
Game theory is most useful for determining the outcome when ________
A) the market structure is oligopoly B) monopolistic competition exists C) prison terms are involved D) the market is dominated by a monopoly
In the foreign exchange market, how does a fall in the U.S. interest rate affect the supply of dollars?
What will be an ideal response?
What is a production possibilities frontier? What do points along the frontier represent? What do points inside and outside the frontier represent?
What will be an ideal response?