Last year, jarod left a job that pays $60,000 to run his own bike-repair shop. jarod’s shop charges $65 for a repair, and last year the shop performed 3,000 repairs. jarod’s production costs for the year included rent, wages, and equipment. jarod spent $50,000 on rent and $100,000 on wages for his employees. jarod keeps whatever profit the shop earns, but does not pay himself an official wage. jarod borrowed $20,000 for the shop’s equipment at an annual interest rate of 5 percent. a. what is jarod’s accounting profit? b. what is jarod’s economic profit?

An economic theory that calls for workers to take control of factories is .

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.

Andrew owns a store in polk county. his trade extends throughout river city, but not beyond the county limits. he sells his store to betty and, as part of the transaction, agrees not to engage in the same business anywhere in river city for a period of five years. a. the time restraint is likely reasonable. b. the geographic restraint is likely reasonable. c. the agreement likely violates antitrust laws and the provision is not enforceable. d. both (a) and (b).