2) Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hours, he could have mowed his neighbor’s lawn for $40. Raj has an accounting profit of , and an economic profit of .

a) $50, $10
b) $90, $50
c) $10, $50
d) $50, $90

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

Which of the following has the largest impact on opportunity cost

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots