A pair of shoes that wholesales for $28.79 has the following costs

A pair of shoes that wholesales for $28.79 has the following costs: Manufacturing Labor 2.25 Materials 4.95 Factory overhead, operating expense 8.5 Sales costs 4.5 Advertising 2.93 Research & Development 2 Interest 0.33 Net Income 3.33 Which are variable, and which are fixed? If output were to rise, what would happen to average total costs, and why?

Problem on supply and demand for economists in Britain

Some economists did a study of the market for economists in Britain. They found that the quantity demanded was about 150 per year, and that the quantity supplied was about 300 per year. (a) What did they predict would happen to economists' salaries? (b) What likely happens to the excess economists? (c) Why doesn't the price change immediately to bring the quantity supplied and the quantity demanded into equilibrium?

30- Real Interest vs Nominal Interest rates

If the nominal rate of interest is 12 percent and the rate of inflation is 8 percent, the real rate of interest is: 4 percent 20 percent 8 percent minus 4 percent indeterminate

32- Interest Rates

What is the present value of $50 per year in each of the next three years if the interest rate is 10 percent? a) $150 b) $45.45 c) $124.34 d) $165.00 e) $168.00

45 - Interest & Consumption

Investing $1 for 35 years at 4 percent per annum yields approximately $2.94 in interest. The cost of consuming$1 today is therefore ______ of consumption in 35 years' time. a) $2.94 b) $102.90 c) $3.94 d) $137.90 e) $1.94