Suppose Turtles For Life Company produces 100,000 wooden turtles per year and sells them all for $5 each. Raw materials cost $30,000/year; wages are $30,000; equipment and instruments cost $30,000; and utilities costs are $30,000. The building is owned by the firm and the competitive firm could rent it for $50,000/year. This year the competitor also offered a managerial position ($50,000 salary/year) to the owner of the firm, but the offer was declined. Calculate the explicit costs (do not write $, do not separate the digits by coma)

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u. s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?