Answer:
amount by which the payment to a factor of production exceeds the supplier's opportunity cost.
Explanation:
Economic rent is payment to a factor of production that exceeds the cost of using the factor of production.
Answer:
c. $110,000
Explanation:
The computation of profit (loss) from Option One is shown below:-
Profit (loss) from Option One = Sold unit × (Cut the price - Variable cost) - Fixed cost
= 15,000 × ($70 - $56) - $100,000
= 15,000 × $14 - $100,000
= $210,000 - $100,000
= $110,000
Therefore for computing the profit (loss) from Option One we simply applied the above formula.
Answer:
Why blood oozes out when there is a slight cut:
The body has many blood vessels that carry blood to and from the heart. Some of these blood vessels are very close to the skin. When we have a slight cut, the cut damages these blood vessels and so the blood they are carrying comes out of the wound.
This will be stopped when platelets form blood clots which then trapped blood cells and stop the bleeding.
Why Astronauts wear a special space suit:
When astronauts are in space and have to leave the spaceship, they face many unknown dangers in space such as radiation, debris and extremely cold weather. The space suit they wear is designed to protect them from all these so that they are able to stay alive in space and carry out their jobs.
Answer:
Payback period = 3 years
Explanation:
<em>The payback period is the average length of time it takes the cash inflow from a project to recoup the cash outflow.</em>
<em>Where a project is expected to generate a series of equal annual net cash inflow, the payback period can be calculated as: </em>
<em>Payback period =The initial invest /Net cash inflow per year
</em>
The cash inflow = Net operating income + Depreciation
= 105, 000 + 45,000 = 150,000
Note we have to add back depreciation because it is not a cash-based expenses. And payback period makes use of only cash-based revenue and expenses.
Payback period = 450,000/150,000
= 3 years
Payback period = 3 years
Answer:
No, because the drivers injury did not result from the toxicity of the materials.
Explanation:
In the context, a strict liability in this situation will be based on abnormally dangerous nature of the toxic materials that the manufacturer produces. But the strict liability action is required that the risk which materializes to be the same risk which lead the courts to be label the event as 'abnormally dangerous' in its first place itself. In this situation, the toxicity of the materials is not the cause of the injury of the driver, the driver's only cause of action is his negligence while driving.
