labor and capital in the four ways shown below. Assume the prices of labor and capital are $2 and $3, respectively. Labor Capital 1 4 2 Multiple Choice Production Techniques 2 3 3 2 3 5 If the price of product A is $0.50, and the firm is producing efficiently the firm will realize Economic profit of $3. hs Economic loss of $13. Economic loss of $3. Economic profit of $20. 4 5 1 < Prev 4 of 60 Next >

Select the concept that correspond to each description It is a plan of action undertaken by government officials to achieve some broad purpose affecting substantial segment of a nation's citizens. Public policy It refers to policies in housing, health care, and education. [Choose] National values, such a freedom, [Choose ] democracy, and a fair chance for all citizens to share in economic prosperity, have led to the adoption of civils rights laws and economic assistance for those in needs They may cause businesses to improve the way lead is used in the workplace to reduce health risk, but also companies can removes pregnant woman from their job to avoid the health risk. [Choose ] They are external pressure that shapes a [Choose ] government's policy decisions and strategies to address a problem.

Globalization had brought different effects to the society. It had changed that world and how the world processes. Different states join together in creating a better world for humanity. Different businesses establish parts of their business in different parts of the planet in order to provide work for the underdeveloped or developing nations. Most of these nations profit from the globalization processes of the world because this is the way in which they acquire profit. Having a Multi-national Corporation (MNC) invest in one of those nations provides good opportunity not only for the government but also the people. Among the entities involved in the process of globalization, the people are said to profit most for the reason that they are given opportunities and jobs for their family. However in another perspective, the MNCs could be seen as the most profitable entity in the aspect of globalization. It is known to many that the labor pay for the people of the developed and…

If the MNC outsource many services to countries like India because of cheap manpower what will happen to people living in the countries where the companies are located discuss

What elements of happiness do wealth and productivity miss? What elements of happiness do they measure?

Sam quit his job and started his own business. He made a $100,000 salary at his old job. The company paid $10,000 a year for his family's health insurance premium and paid him $5,000 in profit sharing in the year. He owns some commercial property that he used to rent out and make $20,000 a year. Now he uses that property for his new business. With his new business, in his first year, he paid his production workers $125,000. He paid a salesperson $60,000 in commissions. His gas and utilities came to $12,000. He put in $50,000 of his own money that he could have made 2% a year in the bank. He also spent $14,000 in advertising and $20,000 for a business consultant. In his first year as a business owner, Sam made $300,000 in sales. 1. What are his explicit costs? Be sure to list out all of the explicit costs so that I can give partial credit if need be. 2. What are his implicit costs? Be sure to list out all of the explicit costs so that I can give partial credit if need be. 3. What is his…