Fay runs a hot dog cart at the sports stadium. fay has no skills, no job experience, and no alternative employment. entrepreneurs in the hot dog cart business earn $12,000 a year. fay pays the rent of $2,000 a year, and her total revenue is $15,000 a year. she borrowed $1,000 at 10 percent a year to buy equipment at the end of one year, fay was offered $600 for her business and all its equipment. a. fay's explicit costs? b. fays' implicit costs? c. fay's economic profit in first year is?

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.