John's dairy makes and sells homemade ice cream. He uses a machine he bought 15 years ago for $1,500. The machine still works but is so old that nobody else would be willing to buy it, as they would prefer buying a new one that would last longer. John's opportunity cost of continuing to use this machine is
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Business, 21.06.2019 15:30
Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce 32 million pairs per month, and the country that produces corn will produce 32 million bushels per month.
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Business, 22.06.2019 14:20
Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest
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Business, 22.06.2019 14:30
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
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Business, 22.06.2019 20:20
An economic theory that calls for workers to take control of factories is .
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John's dairy makes and sells homemade ice cream. He uses a machine he bought 15 years ago for $1,500...
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