Answer:
In addition to the explicit costs and revenues used by accountants, economists include all implicit costs and revenues when calculating profit. This means that they include opportunity costs and changes in the value of any assets owned by the firm.
Explanation:
accounting profit = total revenues - total explicit costs
- explicit costs include all the actual measurable expenses like manufacturing costs, selling costs, etc.
economic profit = accounting profit - opportunity (implicit) costs
- opportunity or implicit costs are extra costs incurred or benefits lost from choosing one activity or investment instead of another one
Answer:
The correct answer is c) system maintenance
Explanation:
The system maintenance also called maintenance management software, is the process to correct or improve a system in order to modify or evaluate information to make required or desirable improvements of this
Answer:
The correct answer is: An increase in the negative externality caused by cigarette smoking.
Explanation:
If government pays farmers not to plant tobacco this lead to a decrease in tobacco production. This will further cause the supply of a tobacco to decrease. As a result, the supply curve of tobacco will shift leftwards.
A decrease in supply of tobacco will increase its price. As tobacco is used to make cigarettes, the increase in its price will increase the price of producing cigarettes. As a result, the supply of cigarettes will decrease causing a leftward shift in the supply curve of cigarettes.
As the supply decreases, the price of cigarettes will decrease. People will consume less quantity of cigarettes. This will cause a reduction in the negative externality caused by smoking cigarettes.
The correct answer is A. Poverty noticeable declined.
According to Brooks article many entrepreneur are interested in security in jobs.
China is the most entrepreneurial country in the world.
There is Internet entrepreneurs and in mobile technology sectors.
The answer is formal group. A formal group is a cluster or
group of individuals, who decided to work together to achieve and reach a specific
goals. Formal groups are made of individuals committed to fulfill tasks.
According to the given example, this group is created to produce and develop a
new series of skincare products specifically for the individuals over the old
age of sixty (60), the example states that the group is created to develop a
new-line of skincare products, so it is to be considered that the group being
referred to is the formal group, it has indicated that there is a specific goal
that is set for different individuals to come together and fulfill a specific
goal.
