A savings account is an example of consumer income
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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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
Explain what productive efficiency means. Describe how productive efficiency is represented by a PPF
Economics