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almond37 [142]
3 years ago
15

A business owner makes 50 items by hand in six hours. She could have earned $10 an hour working for someone else. If each item s

ells for $5 and the explicit costs total $14, economic profit equals:

Business
1 answer:
ElenaW [278]3 years ago
5 0

Answer:

Please see attachment.

Explanation:

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Answer:

D) Sue can sue Jerry and bring the case to Iowa federal court as this is a case that involves diversity of citizenship.

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Diversity of citizenship means that the parties involved in a lawsuit are citizens of different states (within the US) or are citizens of different countries. If a company is involved in a lawsuit, its citizenship is defined as where the company was incorporated or where does it carry its normal business operations.

In this case since Sue is a citizen of the state of New York and Jerry is a citizen of the state of Iowa (diversity of citizenship applies), Sue can choose to sue Jerry in a federal court since the citizens of two different states are involved.

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3 years ago
Price inflation:_______.
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Foreign Exchange Market by Business &amp; Economics Research Advisor, from the Library of Congress In 1971, U.S. dollars were no
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a floating exchange rate, based on market forces of supply and demand.

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