1. Miranda uses a credit card to make routine purchases. In the past, she could pay her total credit card bill every month. However, recently she’s been spending a lot more on clothes and eating out, so she’s started carrying a balance on her card. What type of expense is Miranda dealing with?
How did you arrive at this answer?

2. Mateo owns a clothing store. It’s getting close to the holiday season, and he’s hired a few temporary workers to cover the longer hours. Mateo needs to budget his money to pay these additional wages.
What type of expense is Mateo dealing with?
How did you arrive at this answer?

3. Thomas is excited about the new truck he purchased. Now, he needs to add the monthly truck payment to his budget as a new expense.
What type of expense is Thomas dealing with?
How did you arrive at this answer?

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.