Michelle quit her job where she was earning an annual salary of \( \$ 50,000 \) to open her own business. Annually, she will pay \( \$ 24,000 \) for rent, \( \$ 60,000 \) for wages, \( \$ 16,000 \) for raw materials and she expects annual revenue of \( \$ 150,000 \). Her accounting profit is

Tori deposited \( \$ 3100 \) into a savings account that pays a simple annual interest rate of \( 3.38 \% \). How much interest will she earn after 18 months?

Suppose an airline's total cost of operating a flight is \( \$ 35,000 \) and there are two groups of consumers each with a different willingness to pay. There are 100 business travelers with a willingness to pay of \( \$ 600 \) and 50 leisure travelers with a willingness to pay of \( \$ 300 \). If the airline sells tickets for \( \$ 450 \), then the airline s profit will be \( \$ 10,000 \) \( \$ 25,000 \) \( \$ 45,000 \) none of the above

If marginal revenue is negative, this means selling one more unit of output will increase total revenue selling one more unit of output will increase profit selling one more unit of output will decrease total revenue selling one more unit of output will decrease consumer surplus

Jasper deposited \( \$ 1822 \) into a savings account that pays a simple annual interest rate of \( 1.95 \% \) If he makes no other deposits or withdrawals. what will the total amount be in his account after 7 years?

Suppose an airline's total cost of operating a flight is \( \$ 35,000 \) and there are two groups of consumers each with a different willingness to pay. There are 100 business travelers with a willingness to pay of \( \$ 600 \) and 50 leisure travelers with a willingness to pay of \( \$ 300 \). If the airline price discriminates, then the airline s profit will be