Answer: Identify the alternatives.
Explanation:
Elvin is taking the third decision making step which is to identify alternatives. The first alternative in this case is improving the packaging of his products, while the second is offering price discounts.
Decision making involves all the steps required in knowing that a decision ought to be taken, getting the needed information that would inform that decision, and also analyzing alternate steps that could be taken .
Identifying the alternatives involves finding out the various solutions at ones disposal. Elvin identified two alternatives in this instance.
<span>If the machine originally costs $60,000 and goes through straight-line method of depreciation, then if it has a $5,000 salvage value in 4 years, then it depreciated $55,000 in 4 years, which is about $14,000 a year. So the depreciation expense in year 4 is about $14,000.</span>
Answer:
Total implicit cost = $65,000
so correct option is B) $65,000
Explanation:
given data
mutual fund = $100,000
earn = 5%
rented a showroom = $20,000
furniture = $60,000
incurred costs = $40,000
solution
we know that Implicit cost that is take here into account alternative that have sacrifice
so that alternative sacrifice is interest on the deposit of 5 % of 100,000 = $5000
and salary foregone = $60,000
so
Total implicit cost is
Total implicit cost = $5,000 + $60,000
Total implicit cost = $65,000
so correct option is B) $65,000
Answer:D
Explanation: A perfect competition is characterised by identical product and no barriers to entry. Products are perfect subsistuites.
The HHI index is used to measure the market power and therefore concentration of firms in the market.
An index less than 1000 indicates the firm isn't concentrated
An index between 1000-1800 indicates moderate concentraruon
An index of over 1800 indicates high concentration
An oligopoly is when there are a few numbers of firms in a market that are interdependent.
<span>Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a college fund. albert can claim paul as a dependent</span>