Based on the amount of wheat given up by Japan to make a car, the opportunity cost of producing a car would be 8 tons of wheat.
<h3>What is the opportunity cost of making a car in Japan?</h3>
The opportunity cost in this instance will be the amount of wheat given up by Japan to produce a car.
It is therefore:
= 8 tons of wheat
In conclusion, the opportunity cost is 8 tons of wheat.
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Answer:
$41,000
Explanation:
Gross income an individual or individuals is the total amount of income that he or they receive from his or their employer(s) before taxes are deducted and other allowable deductions are made.
The gross income is an aggregation of all income from all sources whether the income is received in cash or in kind. That is, part of the income to consider when calculating gross income are income received in kind like property or services received.
From the question, the gross income of Hermano and Rosetta can be calculated by adding all the income they received from all sources before tax are deducted as follows:
Gross Income = Social Security benefits + Interest on savings account + Taxable pension payment
Gross Income = $10,000 + $3,000 + $28,000
= $41,000.
Therefore, the gross income of Hermano and Rosetta is $41,000.
Quantity purchased: 25 shares of stock
Price purchased at: $9.85 per share
To solve:
Total purchase price = (number of shares)(price per share)
Total purchase price = (25)($9.85)
Total purchase price = $246.25
Answer:
The manager's income if revenues are $2,000,000 and profits are $500,000: $95,000
Explanation:
The firm manager earns 0.5 percent of all sales. If revenues are $2,000,000 and profits are $500,000,
The firm manager earns from sales = $2,000,000 x 0.5% = $10,000
The manager has a base salary of $85,000
The manager's income = manager 's base salary + earns from sales = $85,000 + $10,000 = $95,000