Suppose Turtles For Life Company produces 100,000 wooden turtles per year and sells them all for $5 each. Raw materials cost $30,000/year; wages are $30,000; equipment and instruments cost $30,000; and utilities costs are $30,000. The building is owned by the firm and the competitive firm could rent it for $50,000/year. This year the competitor also offered a managerial position ($50,000 salary/year) to the owner of the firm, but the offer was declined. Calculate the explicit costs (do not write $, do not separate the digits by coma)

Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies