An economist resigns her $100,000/year university teaching position to work full-time in her own consulting business. In the first year she had total revenue of $250, 000 and expenses of $100,000. Which of the following statements is correct? I. Her accounting profit was $250,000. II. Her accounting profit was $150,000. III. Her economic profit was $50,000. IV. Her economic profit was $150,000 All four statements are true. Only statements II and III are true. Only statement II is true. Only statement III is true. Only statement I is true.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.

He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.