A business owner makes 100 . items a day. Each day he/she contributes 8 hours to produce those items. If hired, elsewhere he/she could have earned $250 an hour. The item sells for $15 each. Production does not stop during weekends. If the explicit costs total $150,00 . for 30 days, the firm's accounting profit for the month equals:

a. $300,000
b. $60,000
c. $450,000
d. $240,000

Economics

One reason purchasing power parity does not exactly hold is that many goods are not traded internationally

Indicate whether the statement is true or false

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Economics

The Japanese currency is called the

A) DM. B) Yen. C) Euro. D) Dollar. E) Pound.

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Economics