Ellie has been working for an engineering firm and earning an annual salary of $80,000 . She decides to open her own engineering business. 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. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of
deposit on which she was earning annual interest of $500 . Ellie's annual economic costs will equal
a. $55,200.
b. $75,200.
c. $80,500.
d. $135,700.
d
Economics
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The aggregate demand curve is negatively sloped because a lower price level
A) reduces the real money supply. B) increases the real money supply. C) reduces aggregate income. D) increases aggregate income.
Economics
In recent years, the amount of international trade in which the United States engages has
a. increased, raising domestic demand for unskilled labor. b. increased, reducing domestic demand for unskilled labor. c. decreased, raising domestic demand for unskilled labor. d. decreased, reducing domestic demand for unskilled labor.
Economics