Suppose a firm has an annual budget of $200,000 in wages and salaries, $75,000 in materials, $30,000 in new equipment, $20,000 in rented property, and $35,000 in interest costs on capital. the owner/manager does not choose to pay himself, but he could receive income of $90,000 by working elsewhere. the firm earns revenues of $360,000 per year. what are the annual explicit costs for the firm described above?

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

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Answer the reduction in economic surplus resulting from not being in competitive equilibrium;

The answer is monthly