Answer:
$219,084
Explanation:
The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.
Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.
Hence the cost of the land
= $196,981 + $18,718 + $3,885 - $500
= $219,084
Answer:
c. −$80.
Explanation:
The computation of the economic profit is shown below:
Economic profit = Total revenue - Cost of seeds - Earning foregone
where,
Total sales revenue is $300
Cost of seeds is $130
And, the earning foregone is
= 10 hours × $25
= $250
So, the economic profit is
= $300 - $130 - $250
= -$80
We simply applied the above formula to determine the economic profit
Answer:
benefit those in the worst position.
Explanation:
Rawls theory is based on the concept that no inequalities shall prevail in the country. Although some inequalities are unavoidable.
In those circumstances, when Rawls shall agree to such inequalities, and in-fact, further states that it shall benefit all the people. But for this he states that those in the worst position shall be benefited first and with maximum.
This shall create an equality as these people facing inequality will not be criticised further for any purpose, if they are paid off well in the first instance only.
Spike before falling to the equilibrium level
