A total benefits package can increase a person's total compensation by ________ or more

a. 10 percent
b. 20 percent
c. 30 percent
d. 55 percent

C

Economics

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Suppose a sole proprietorship is earning total revenues of $100,000 and is incurring explicit costs of $75,000. If the owner could work for another company for $30,000 a year, we would conclude that:

A) the firm is incurring an economic loss. B) implicit costs are $25,000. C) the total economic costs are $100,000. D) the individual is earning an economic profit of $25,000.

Economics

According to Keynes, the consumption-income relationship is shown as C = a + bYD. Therefore, the saving-income relationship is

a. S = a + (1 ? b)YD. b. S = ? a + (1 ? b)YD. c. S = a + (1 ? b)/YD. d. S = ? a + (1? b)/YD.

Economics