Suppose that Doe’s dad gave him a tractor-trailer rig from which he generates a monthly total revenue of $25,000. His total monthly gas and maintenance costs are $18,000. Tractor-trailer rigs identical to that of Doe can be rented for $15,000 a month. Doe can also, if he so chooses, work for another firm and earn $5,000 a month. Assuming that nothing will change, how will you advise Doe based only on economic profit, given the information provided?

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases. b. the marginal cost of going to ft. lauderdale decreases. c. the marginal benefit of going to cancun increases. d. the marginal benefit of going to ft. lauderdale decreases.

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural