balance of payments

Where do these items appear on the balance of payments? a. American students attending universities abroad pay $1,000,000 in tuition to their hosts countries (not foreign students in the US) b. 200 1959 refurbished Cadillac's sold and shipped to Saudia Arabia c. US payments to Iraqi police force d. Credit Suisse underwrites $100,000,000 in GM bonds to be resold to their US customer base.

Price Elasticity

Suppose the price of apples rises from $3 a pound to $3.45 and your consumption of apples drops from 30 apples a month to 21 apples. Calculate your price elasticity of demand of apples. What can you say about your price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic? I understand the percentage change in prices equals the change in price (+45) divided by the initial Price ($3.00) I'm just stumped after that every time I just don't grasp the % change in the quantity demanded and how it is suppose to equal the change in quantity.

I want to know if I'm on the right path or not

this is a question to one of my homework assignments QUESTION: The firm currently uses 70 workers to produce 300 units of output per day. The daily wage (per worker) is $100, and the price of the firm's output is $30. The cost of other variable inputs is $500 per day. Although you don't know the firm's fixed cost, you know that it is high enough that the firm's total costs exceed its total revenue. MY ANSWER: The cost of the variable inputs is (70)(100)+500=7500. Revenues resulting from these inputs are (300)(30)=9000. Thus, the benefit of keeping the operation alive is 9000-7500=1500. So although the firm is losing money as a result of the fixed cost, it would lose even more money i... click for more

How would I create market demand curve and price elasticity graph

in ref to my previous question apples rises from $3 a pound to $3.45 and your consumption of apples drops from 30 apples a month to 21 apples basically which would represent the X axis and which would represent the Y axis or can a graph be created to chart

I am not 100% sure

I am not 100% sure what the answers are for the following multi-choice questions. If the supply of a good is relatively elastic, changing the price causes a. a relatively small change in the amounts that buyers are willing to buy. b. a relatively small change in the amounts sellers are willing to sell. c. a relatively large change in the amounts sellers are willing to sell. d. no change in the amounts sellers are willing to sell. Taxes on labor encourage all of the following EXCEPT a. older workers to take early retirement from the labor force. b. mothers to stay at home rather than work in the labor force. c. workers to work overtime. ... click for more