Gisella runs a small stand selling lemonade in a perfectly competitive market. Her husband, Dustin, tells her that forecasted cold weather is going to lower the market price for the day and that she is likely to lose money today if she opens her stand. He suggests that she shuts down for the day (i. e., the short run) to avoid the negative profit. Is he right

The maximum amount of money that a consumer can charge on a credit card is called the

Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?