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Vitek1552 [10]
3 years ago
7

Jacques lives in san diego and runs a business that sells pianos. in an average year, he receives $842,000 from selling pianos.

of this sales revenue, he must pay the manufacturer a wholesale cost of $452,000; he also pays wages and utility bills totaling $301,000. he owns his showroom; if he chooses to rent it out, he will receive $38,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if jacques does not operate this piano business, he can work as an accountant, receive an annual salary of $48,000 with no additional monetary costs, and rent out his showroom at the $38,000 per year rate. no other costs are incurred in running this piano business.
Business
1 answer:
Leona [35]3 years ago
8 0
<span>Implicit Cost Explicit Cost The wholesale cost for the pianos that Darnell pays the manufacturer $452,000 The salary Darnell could earn if he worked as an accountant $48,000 The wages and utility bills that Darnell pays $301,000 The rental income Darnell could receive if he chose to rent out his showroom $38,000 B. Profit ($) Accounting Profit 842,000 - 452,000 - 301,000 = 89,000 Economic Profit 842,000 - 452,000 - 301,000 - 48,000 - 38,000 = 3,000 C. Economic Profit as an accountant = 48,000 + 38,000 - 89,000 = -$3,000. Thus, Darnell should stay in the Piano business to maximize the Economic Profit.</span>
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The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experience
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<h3><u>Explanation</u>:</h3>

The process that deals with the study of how the individuals and the organisations selects, purchases and uses and disposes the goods and services is the consumer behavior. These are done for the satisfaction of their wants and needs. The main thing that is associated with the consumer behavior is the motivation and psychology of the purchasing person.

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<h3>Are Wreckorp's actions legal?</h3>

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The actions of Wreckorp may be legal if no region is being disadvantaged but it could be illegal if this is the case. More information is therefore needed.

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Answer:

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a. In a regression equation expressed as y= a + bx, how is the letter b best described?

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The letter y is the observed store cost for that particular month.

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