There are two related markets in this case: The Activity holidays and The Beach Holidays. For the Activity Holidays (a): Demand: QDa = 7200 - 4Pa + 3Pb
Supply : QSa = − 1200 + 12Pa
For the Beach Holidays (b):
Demand: QDb = 1800 − 3Pb + 1/3Pa
Supply: QSb = − 400 + 3Pb
According to those two demand functions, what is the relationship between those two goods and why?

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false