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a senior majoring in computer network development at Smart State University.

05 / 03 / 2018 Assignment

This paper circulates around the core theme of a senior majoring in computer network development at Smart State University. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 45. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Gordon is a senior majoring in computer
network development at Smart State University. While he has been attending
college, Gordon started a computer consulting business to help senior citizens
set up their network connections and teach them how to use e-mail. Gordon
charges $25 per hour for his consulting services. Gordon also works 5 hours a
week for the Economics Department to maintain that department’s Web page. The
Economics Department pays Gordon $20 per hour. From this information we can
conclude:

a. Gordon
should increase the number of hours he works for the Economics Department to
make it comparable to his consulting business income.

b. Gordon
is obviously not maximizing his well-being if he continues to work for the
Economics Department.

c. If
Gordon chooses one hour at the beach with his friends rather than spend one
more hour with a consulting client, the forgone income of $25 is considered a
cost of the choice to go to the beach.

d. If
the Economics Department offers Gordon a full-time job he will definitely not
take the job offer.

33. Economists normally assume that the goal of a
firm is to

a. maximize
its total revenue.

b. maximize
its profit.

c. minimize
its explicit costs.

d. minimize
its total cost.



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