Economics Today (19th Edition)
19th Edition
ISBN: 9780134478777
Author: Roger LeRoy Miller
Publisher: PEARSON
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Question
Chapter 12, Problem 14P
To determine
a) The values of planned real investment and actual real investment.
b) The amount of unplanned inventory change.
c) The new level to which the real
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What are the answers for parts a and b? Thanks
What are the answers for a,b,c,d? Are they supposed to be numerical answers or in terms of a variable?
Sue is a sole proprietor of her own sewing business. Revenues are $150,000 per year and raw material (cloth, thread) costs are $130,000 per year. Sue pays herself a salary of
$60,000 per year but gave up a job with a salary of $80,000 to run the business.
○ A. Her accounting profits are $0. Her economic profits are - $60,000.
○ B. Her accounting profits are $0. Her economic profits are - $40,000.
○ C. Her accounting profits are - $40,000. Her economic profits are - $60,000.
○ D. Her accounting profits are - $60,000. Her economic profits are -$40,000.
Chapter 12 Solutions
Economics Today (19th Edition)
Ch. 12 - Prob. 12.1LOCh. 12 - Prob. 12.2LOCh. 12 - Prob. 12.3LOCh. 12 - Prob. 12.4LOCh. 12 - Prob. 12.5LOCh. 12 - Prob. aFCTCh. 12 - Prob. bFCTCh. 12 - Prob. cFCTCh. 12 - Prob. 1CTQCh. 12 - Prob. 2CTQ
Ch. 12 - Prob. 1FCTCh. 12 - Prob. 2FCTCh. 12 - Prob. 1PCh. 12 - Prob. 2PCh. 12 - Prob. 3PCh. 12 - Prob. 4PCh. 12 - Prob. 5PCh. 12 - Prob. 6PCh. 12 - Prob. 7PCh. 12 - Prob. 8PCh. 12 - Prob. 9PCh. 12 - Prob. 10PCh. 12 - Prob. 11PCh. 12 - Prob. 12PCh. 12 - Prob. 13PCh. 12 - Prob. 14PCh. 12 - Prob. 15PCh. 12 - Prob. 16PCh. 12 - Prob. 17PCh. 12 - Prob. 18PCh. 12 - Prob. 19P
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