The data in the table represents annual costs and revenue for ted's vintage threads, a used clothing store in key west, florida. ted works 72 hours a week at the store. he also owns the building that houses his business, and if he closed the store, he could rent out the building for $40 comma 00040,000 per year and go to work for his cross-town rival, cassie's classic couture, and earn a salary of $35 comma 00035,000 per year. wages paid$26 comma 00026,000interest paid on loans12 comma 00012,000other expenditures for factors of production30 comma 00030,000total revenue125 comma 000125,000the economic cost for ted's vintage threads is $nothing. (enter your response as a whole number.)

When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.

Opportunity cost is calculated by which of the following? a. adding the value of all lost opportunities. b. subtracting all costs from the total benefit. c. calculating the cost of time, energy, and sacrifice. d. finding the value of the best option that is not chosen.