Samantha has been working for a law firm and earning an annual salary of $90,000 . She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which
she was earning annual interest of $1,000 . Assuming that there are no additional expenses, Samantha's annual implicit costs will equal
a. $55,200
b. $221,400
c. $91,000
d. $146,200
e. $145,200
C
Economics
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The demand curve for money curve shows, all other things unchanged, the
A) quantity of money demanded at each price. B) quantity of money demanded at each bond rate. C) quantity of money demanded at each interest rate. D) amount of money people demand at a specific interest rate.
Economics
Since 1970s, the share of income going to the poorest 20 percent of U.S. households has decreased, while the share of income going to the richest 20 percent of U.S. households has increased
Indicate whether the statement is true or false
Economics