Suppose you operate a small manufacturing firm in long island city and you recently developed a unique, new production process that will allow your shop to earn $500 more 3 per month in profit. your landlord hears about this and smiles since she remembers from her real estate class that all economic development benefits accrue to landowners. she says, "since the supply of land is inelastic (e. g. very steep), you will now have to pay me $500 more per month in rent." is your landlord correct? explain.

Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

How do communism and socialism differ in terms of the role that government plays in the economy ?