Answer:
(a) $93,000
(b) $55,600
(c) $54,600
(d) -$1,000
Explanation:
An explicit cost refers to the costs that are incurred to run a business such as rent, wages and materials.
Explicit costs:
= Rent + supplies + Office staff + salary + Telephone expenses
= $18,000 + $1,000 + $50,000 + $20,000 + $4,000
= $93,000
Implicit cost is also known as opportunity costs.
Implicit cost:
= (Amount of saving × Rate) + Salary from consulting firm
= ($12,000 × 0.05) + $55,000
= $600 + $55,000
= $55,600
Accounting profit = Revenues - Explicit cost
= $147,600 - $93,000
= $54,600
Economic profit = Accounting profit - Implicit costs
= $54,600 - $55,600
= -$1,000
When a country has a strong currency, generally its export decreases - this is the answer to the first question.
Imagine, a tone of rice costs 100 dollars, that is 100 pounds. With a strong dollar, it's 120 pounds now - the British will be able to afford less of US rice now!
About the second question - I think that if neither has an absolute advantage, this also likely means that neither has more natural resources.
now, country A exports milk to country B, which means that it's cheaper to produce milk in the country A. Therefore, the answer "<span>The opportunity cost of producing milk is lower for Country A" is correct.</span>
Answer:
3.37 years
Explanation:
Calculation to determine what The payback period of the project is closest to
First step is to calculate the Net Cash inflow for the year
Net Cash inflow for the year =$114,000-$31,000
Net Cash inflow for the year =83,000
Now let calculate the Payback period
Using this formula
Payback period=investment/Net Cash inflow for the year
Let plug in the formula
Payback period=$280,000/83,000
Payback period=3.37 years
Therefore The payback period of the project is closest to 3.37 years
Answer:
Components of creation that can be differed with yield delivered are alluded to as factor elements of creation.
Elements of creation that can't be differed with yield delivered are alluded to as fixed elements of creation.
In given case, stove and laborers are utilized in pizza creation.
It has been given that in short-run, number of stoves can't be changed however number of laborers can be changed.
Along these lines,
In short-run, these laborers are variable information sources, and the stoves are fixed data sources.
Number of Workers: 0
Output (Pizzas): 0
Marginal Product of Labor (Pizzas): 0
Number of Workers: 1
Output (Pizzas): 70
Marginal Product of Labor (Pizzas): 70
Number of Workers: 2
Output (Pizzas): 120
Marginal Product of Labor (Pizzas): 50
Number of Workers: 3
Output (Pizzas): 160
Marginal Product of Labor (Pizzas): 40
Number of Workers: 4
Output (Pizzas): 190
Marginal Product of Labor (Pizzas): 30
Number of Workers: 5
Output (Pizzas): 200
Marginal Product of Labor (Pizzas): 10
Answer: Asset allocation
Explanation:
Asset allocation refers to the strategy of investing in different types of assets and investment vehicles so that the risks would be balanced by the rewards to be earned so that the investor will benefit.
Asset allocation is usually based on the investor's investment goals and their risk appetite. Those who are more risk tolerant will usually invest more in stocks so Siiri here is most likely risk averse but based on the percentage that went into stocks, they might be more risk neutral.
