Refer to the above figure. Medicare subsidies have increased the price of medical services to Ps. The quantity demanded of medical services is

Refer to the table above. You are told that Country B has no minimum wage or child labor laws. Now the correct answer is

A) country B will export good S. B) country A will export good S. C) both countries will export good S. D) trade will not occur between these two countries. E) both countries will import good S.

Debbie was earning $100,000 a year working as a scientist for a drug company. She decided to start her own business that conducted drug trials. She estimates this entrepreneurial talent or forgone entrepreneurial income to be $10,000 a year. She used

$500,000 in savings that earned 5 percent interest annually to finance the new business. In the first year, the firm earned revenue of $1,500,000. The costs for rent, supplies, and employees’ salaries were $1,100,000. What was the accounting profit for the new business? What was the economic profit (or loss)? Explain your calculations for both questions. Please provide the best answer for the statement.