Jacqui decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own business, she withdrew $20,000 from her savings, which earned 5 percent interest. She also turned down three separate job offers with annual salaries of $30,000 . $40,000 . and $45,000 . What is Jacqui's economic profit from running her own business?
a. $-56,000
b. $-6,000
c. $4,000
d. $19,000
c
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A) discount B) commercial paper C) federal funds D) prime
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How will an increase in the U.S. productivity of labor versus labor in the European Union impact the real exchange rate, all other factors held constant? Explain.
What will be an ideal response?
The short-run break-even price is
A) the price at which a firm's total revenues exceed total costs. B) the point at which the firm's total costs are maximized. C) the price at which a firm's total revenues equal its total costs. D) the point at which the firm's implicit costs are maximized.