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1 year ago

you make a clay pot for $10 and sell it to a customer for $40. what is your economic surplus associated with the transaction?

Business

1 answer:

Bess [88]1 year ago

3 0

The transaction's surplus in terms of the economy $30

<h3>Which principle states that the next-best choice you must forego in order to have something is its true cost?</h3>

The idea of opportunity cost, which states that the opportunity lost as a result of a decision, determines the true cost of an economic decision, is closely tied to the principle of substitution.

<h3>What is a sunk cost, give an example, and explain why it doesn't matter when deciding what to do in the future?</h3>

Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment project. Spending $5 million to establish a plant that is expected to cost $10 million is an example of a sunk cost.

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Samson's purchased a lot four years ago at a cost of $398,000. At that time, the firm spent $289,000 to build a small retail out

vladimir1956 [14]

Answer:

initial cash flow is 2,929,000

Explanation:

Attached is the table

3 0

3 years ago

The hiring of applicants based on criteria that are not job-related is called:

Cloud [144]

<span>The hiring of applicants based on criteria that are not job-related is called job discrimination. Job discrimination usually happens when a person is judged based on his/her gender, race, nationality, disability, religion or age. His/her relevant skills related to the job are not considered. </span>

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4 years ago

How do developed countries maintain an advantage over

maks197457 [2]

Developed countries work on their industrialization more than developing countries by maintaining their industries up to date by introducing all recent techniques that help in growth.
They work on their ca-pita and GDP more as compared to developing countries.
Increase their literacy rate.
Make their infrastructure more and more powerful and up to date.
Develop more revenue by introducing new techniques and creating labs on which they research the feasibility analysis of techniques they can improve.
Make their standards of living more high.
Utilize their resources effectively and efficiently.
Make their birth and death rate as low as possible.

6 0

3 years ago

During October the plant produced 8,000 ingots and incurred the following costs: a. Purchased 33,000 pounds of materials at a co

goldfiish [28.3K]

Answer: Total Variable Costs = $110130

Explanation:

The question in incomplete. Requirements were not provided in the question, as a result it is not clear what the question requires us to do. We will assume the question requires us to calculate Total variable costs since There is nothing in the question that talks about fixed costs.

Total Variable Costs

Manufacturing costs

Direct Material Per pound = $2.95

Direct Material used = 27800 pounds

Direct Material Cost = 27800 x 2.95 = $82010

Direct Labor

Direct Labor cost per hour = $6.20

Direct Labor hours = 3800

Direct Labour Cost = 3800 x $6.20 = $23560

Variable Manufacturing overhead cost = $4560

Total Variable Costs = Direct Material cost + Direct labor costs + Variable Manufacturing overhead

Total Variable Costs = $82010 + $23560 + $4560

Total Variable Costs = $110130

7 0

3 years ago

Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures we

Leokris [45]

Answer:

The interest rate for capitalization purposes will be of 11%

Explanation:

The company will average all the debt oustanding during the year

1,050,550 x 13% = 136,571.5

2,080,800 x 10% = 208,080

6,962,550‬ 766,083.5

a debt of 6,962,550 dollars generates 766,083.5 dollars of interest:

principal x rate = interest

rate = interest / principal

766,083.5 / 6,962,550 = 0,110029 = 11%

4 0

3 years ago