The difference between the revenues taken in by a business and the costs of operating the business is called

5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital is 1,000, the wage rate is $20 and the rental rate of capital is $100. In this case, the firm should: a.

Debra, age 51, is self-employed and has never made a lot of money. But, she has consistently saved $4632 per year into a traditional IRA.

Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $94, $312, and $90, respectively. If Baker undergoes a 2-for-1 stock split, what is the new divisor for the price-weighted index?

KitchenThings Inc. is a company that manufactures plastic kitchenware. It operates at an output level that allows it to keep its unit cost per output to the lowest in the industry. This in turn allows KitchenThings to be the price leader.

Austin borrowed $700 from a lender that charged simple interest at a rate of 9% for 6 years. What is the amount of interest Austin paid at the end of the loan?

How is globalization affecting the hospitality industry? Give specific examples of some of the changes.

A pure project organizational structure minimizes the duplication of resources.

A property is being appraised by the Cost Approach. The appraiser estimates that the land is worth $33,000 and the replacement cost of the home is $110,000. A new $20,000 garage was recently added. Total depreciation from all causes is $7,000.

Will feckless unexpectedly inherits $10,000 from a rich uncle. he is observed to consume fewer hamburgers than he used to.

The spot price of an investment asset is $25 and the risk-free rate is 8%, 8.5% and 9.5% for one-year-, two-year - and three-year-maturity, respectively.